As you probably already know, Binance has launched a crypto recovery fund, to add some stability to the industry. Its current value is about $1 billion, and is expected to grow two $2 billion. So far, Jump Crypto, Polygon Ventures, Aptos Labs, Animoca Brands, GSR, Kronos and Brooker Group have committed to participating with an initial commitment of around USD 50 million. Binance expects more participants to join soon.
You can read, the official announcement here!
All funds will be publicly verifiable, and initial fund's address can be found here!
Great now it has about 1 billion BUSD.
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