Loading ...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 corner of the industry.