Binance CEO Changpeng “CZ” Zhao’s ambitious plan to save the crypto market following the collapse of crypto firms after the Terra-LUNA crisis and the FTX debacle has failed, as per a report by Bloomberg. The bear market turned out to be worse for the crypto community, with investors and firms in total losing billions. The Industry Recovery Initiative (IRI) has only invested nearly $30 million.
Binance's Ambitious $1 Billion Crypto Industry Recovery Initiative Has Failed: Bloomberg
coingape.com
10 October 2023 14:10, UTC