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

Critical Details
  • Binance stated it will commit $1 billion in first commitments to the recovery fund.
  • It may possibly raise that quantity to $2 billion at a point in time in the upcoming “if the want occurs,” the firm additional.
  • Considering that FTX’s rapid winddown, buyers have concerned about a crypto contagion influencing each individual corner of the sector.