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

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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…

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