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

Binance deploys 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.

Supply

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