Breaking: Binance CEO "CZ" Adds Another $1B In BUSD To Industry Recovery Initiative

Binance CEO Changpeng “CZ” Zhao on Friday said the crypto exchange Binance has allocated another $1 billion in BUSD to the Industry Recovery Initiative (IRI). The move comes after several people in the crypto community shared on Twitter that Binance’s $1 billion in BUSD commitment to its crypto industry recovery fund or IRI is insufficient to help companies or projects facing liquidity issues following the collapse of FTX.