$100 Million Support from OKX to Altcoin Projects in Difficult Situation!

Bitcoin (BTC) After the bankruptcy of the stock exchange FTX, liquidity problems occurred in the cryptocurrency market.

To support projects and crypto industry experiencing liquidity problems in the market Binance announced that it had set up a recovery fund.

Crypto exchange after Binance OKX He also announced that he had created a recovery fund.

OKX announced on Twitter that it plans to launch a $100 million recovery fund in collaboration with OKXChain and OKX Demo Day.

OKX is responsible for this fund’s liquidity problems and Left (LEFT) He stated that it was created to support projects that want to move from its network.

“Together with OKXChain and OKX Demo Day, we will launch a $100 million ecological support project.

Under the influence of recent emergencies, some high-quality projects have problems such as liquidity.

It will support the healthy development of the crypto industry and assist in the seamless migration of high-quality projects through the Solana network, providing technical and liquidity support to appropriate project parties to overcome challenges together.”

Binance CEO CZ also announced on the first day of the week that Binance has created an industry recovery fund to help projects that are strong but in a liquidity crisis to further mitigate the negative effects of FTX.

Crypto exchange Huobi and Tron (TRX) founder Justin Sun also expressed his support for Binance’s recovery fund.

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