According to Bloomberg, Binance‘s Industry Recovery Initiative (IRI), which was announced after FTX’s bankruptcy, has raised over $1 billion in funds but has only provided less than $30 million so far. Despite having strong and prominent supporters, the cryptocurrency sector has been struggling to attract investments this year, leading many companies to resort to layoffs in order to survive. The post Binance’s Industry Recovery Initiative: Transparency Issues and Investments appeared first on COINTURK NEWS.