industry recovery fund – DIGIT INFO

Binance aims to allocate $1 billion for crypto recovery fund

DIGIT — Thu, 24 Nov 2022 13:10:45 +0000

Binance CEO Changpeng Zhao is aiming to stockpile $1 billion for an industry recovery fund.

Binance Forming Crypto Industry Recovery Fund to ‘Reduce Further Cascading Negative Effects of FTX’

DIGIT — Mon, 14 Nov 2022 14:00:39 +0000

Cryptocurrency exchange Binance is forming an industry recovery fund to “reduce further cascading negative effects of FTX,” said CEO Changpeng Zhao (CZ). “As an industry, we need to increase transparency,” the executive stressed. “We need to work very closely with regulators all around the world to make this industry more robust.” Binance Establishing Crypto Industry […]

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Binance creates industry recovery fund to help projects struggling with liquidity

DIGIT — Mon, 14 Nov 2022 08:54:58 +0000

Binance CEO Changpeng Zhao clarified that the project is for other potentially strong projects and not FTX, saying that “liars or fraud” would never qualify.

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