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Binance deploys $1 billion to keep crypto industry afloat after FTX collapse

Por: CNBC Tech November 28, 2022

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watch nowVIDEO4:3604:36Binance unveils $1 billion fund to keep crypto industry aliveCryptocurrency exchange Binance on Thursday announced new details about its industry recovery fund, which aims to prop up struggling players in the wake of FTX's calamitous bankruptcy.In a , Binance said it will devote $1 billion in initial commitments to the recovery fund. It may increase that amount to $2 billion at a point in time in the future if the... + full article



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