Crypto derivatives exchange Bybit has launched a new support fund to help institutional traders access liquidity following the FTX crash — an event that sparked a new wave of panic selling across the digital asset space.

The $100 million backing fund is for market makers and high-frequency trading firms in financial or operational difficulty following the FTX crash earlier this month, Bybit disclosure November 24th. Funds will be distributed to eligible applicants at a 0% interest rate.

To qualify, institutional traders must be active on Bybit or another exchange. The maximum allocation per applicant is $10 million and the funds must be used for spot and Tether (USDT) perpetual transactions on Bybit.

FTX, once the world’s second-largest cryptocurrency exchange, filed for Chapter 11 bankruptcy protection on Nov. 11 after a coordinated bank run exposed the company to the risk of insolvency. The scandal ensued after FTX and sister company Alameda Research CEO Sam Bankman-Fried mixed up funds, leaving an $8 billion hole in FTX’s balance sheet. As Cointelegraph reported, FTX’s 50 largest creditors owe more than $3 billion.

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Several companies with exposure to FTX reported financial and liquidity constraints as a result of FTX’s collapse. Bitcoin (BTC) lender BlockFi is considering bankruptcy, while digital currency group-backed Genesis Global Trading recently halted new loan originations.