I keep hearing rumors about Binance being the next exchange to collapse. For those who don't know Binance is the largest CEX (Centralized Exchange) out there today.
We have already received around 150 applications from companies seeking support under the IRI. Each co-investor within the IRI will have the opportunity to review potential deals and decide for themselves whether they wish to participate. We expect some deals will be invested in unilaterally and others will be co-investments with all or some of the IRI participants.
The public address for Binance’s initial commitment of BUSD 1 billion is: 0x043a80999cEe3711D372FB878768909fbE7F71E6