Binance wants to assign $1 Billion for crypto recovery fund.
Binance CEO Changpeng Zhao also revealed his interest in a bid to solve the problem of bankrupt of Voyager, a USA based business.
After FTX failure, Zhao designed a new plan to avoid financial problems.
For this reason Binance wants to launch a new recovery fund: “ to help projects who are otherwise strong, but in a liquidity crisis”. Zhao also added that a if that’s not enough, they can allocate more.
The fund will be ready at the end of 2022 despite there are only two months before the year’s end!
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Chiara Chiommino is a graduating student in science of communication with work’s experience in social media marketing and web marketing as Brand Manager for Italian Cigar Group SRL. She took part in an internship experience entitled "Il Metaverso" in Italy.