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binance-aims-to-allocate-$1-billion-for-crypto-recovery-fund

Binance aims to allocate $1 billion for crypto recovery fund

By BizTech Weekly Nov 24, 2022

Binance CEO Changpeng Zhao says Binance is stockpiling $1 billion for industry recovery fund. Zhao says the fund will be publicly viewable via a central, transparent blockchain address. The fund is expected to go live before the end of 2022. Binance.US is interested in a new bid for assets belonging to the now-bankrupt Voyager Digital. Zhao said FTX had invested in a number of projects, some of which may “be salvageable” and of interest if and when they become available. The exchange’s founder also said that the exchange would consider a second look at some assets or businesses belonging to FTX, including Sam Bankman-Fried’s collapse in November 2022, before its collapse. . . .

Read more at cointelegraph.com

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