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

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 need arises," the company added. - Since FTX's rapid winddown, investors have worried about a crypto contagion affecting every…#binance #ftx #ftxrapid #initialcommitments #commitments #initial #zhao #ftxcollapse #ftxcalamitous #polygonventures
Source: Reuters: Health - Category: Consumer Health News Source Type: news