Emily Nicolle / Bloomberg:

Analysis: Binance founder Changpeng Zhao's Industry Recovery Initiative, which offered $1B+ after FTX collapsed, has deployed less than $30M since November 2022  —  - IRI has invested less than $30 million, wallet analysis shows  — Project had big-name backers like Jump Crypto, Animoca

Emily Nicolle / Bloomberg:

Analysis: Binance founder Changpeng Zhao's Industry Recovery Initiative, which offered $1B+ after FTX collapsed, has deployed less than $30M since November 2022  —  - IRI has invested less than $30 million, wallet analysis shows  — Project had big-name backers like Jump Crypto, Animoca

Source: TechMeme
Source Link: http://www.techmeme.com/231010/p9#a231010p9