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COINOTAG News reports that Binance co-founder He Yi clarified on X that the Same Boat Plan is a relief fund, not compensation. The initiative aims to assist users with losses and offers aid rather than guaranteed payouts. Eligibility targets accounts with losses above 30% of assets; eligible users may request a review via customer service channels, with reviews conducted within one week due to the user base.
Observers warn of scams exploiting such announcements. Investors should verify communications via official channels and remain vigilant against attempts to weaponize rights protection or extortion under the banner of aid. The emphasis is on due diligence to deter fraud within crypto relief discussions.
For readers, document losses, use official Binance support, and avoid sharing sensitive data. If you think you qualify, submit details through the sanctioned portal and expect the review window. This cautious approach supports credible crypto news and protects readers from false relief claims.
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