The post CZ’s $1 Billion Plan to Save Crypto Fizzles Out with Minimal Investment! appeared first on Coinpedia Fintech News
Binance founder Changpeng Zhao’s plan to save the crypto industry with a $1 billion investment has quietly fizzled out, according to wallet analysis. The project, which had big-name backers like Jump Crypto and Animoca, received less than $30 million in investments from IRI. The investment was proposed during the chaotic aftermath of the FTX crypto exchange’s unraveling in November 2020. Zhao’s effort was seen as a way to help stabilize the industry by providing funding to struggling startups.
Source: https://coinpedia.org/crypto-live-news/czs-1-billion-plan-to-save-crypto-fizzles-out-with-minimal-investment/