Binance $1 Billion Industry Recovery Fund Post-FTX Underperforms
Binance CEO Changpeng Zhao's plan to rescue the cryptocurrency market has fallen short of expectations eleven months after launch. Since the launch of the Industry Recovery Initiative (IRI), the company has only spent le...
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Since the launch of the Industry Recovery Initiative (IRI), the company has only spent less than $15 million out of an announced $1 billion fund, Bloomberg wrote.
Last year was plagued by two major falls which sent the market to sharp lows; the Terra Network and the cryptocurrency exchange, FTX....
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