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Binance's Failed Plan to Save Crypto
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Overview
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Binance's $1 billion plan to save crypto after FTX's collapse has largely failed, with only a fraction of the funds being utilized. The initiative, led by Binance, has only one participant fully utilizing the funds, while other companies have committed around $70 million. Binance has returned the unused funds to its treasury for investments.
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How might Binance's failed plan to save crypto impact the broader cryptocurrency market?
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