.binance is targeting $1 billion for a recovery fund to buy distressed crypto assets, cz_binance told Bloomberg. egreechee reports
Binance is targeting $1 billion or more for a previously announced recovery fund to buy distressed crypto assets, CEO Changpeng"CZ" Zhao said in an interview with Bloomberg Television on Thursday.
CZ has been a key figure in the industry the last few months, cementing his position as a key leader, after the fall of FTX and its CEO Sam Bankman-Fried. Earlier this month, he raised concerns about FTX on Twitter andThe fallout of FTX's bankruptcy has been felt deeply across the entire industry, leading to other companies like
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