Crypto exchange Binance has increased the size of its recovery fund to over $2 billion after allocating another $1 billion for it.
Binance CEO Changpeng "CZ" Zhao announced the additional allocation on Friday.
A day earlier, CZ said that Binance is targeting $1 billion for its crypto recovery fund.
Aptos Labs, Jump Crypto, and other prominent crypto companies have pledged $50 million to the fund.
The recovery fund is meant to buy distressed crypto assets and support the industry.