Binance: $1B for crypto recovery fund

Binance: 1$B for crypto recovery fund 

25 November 2022

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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! 

SOURCE: CoinDesk

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