Changpeng Zhao (CZ), CEO of Binance, the world’s largest cryptocurrency exchange by volume, announced that he will establish a fund to mitigate the effects of the FTX bankruptcy.
CEO CZ said on Twitter on Nov. 14 that FTX’s bankruptcyto strong projects announced that they will create an “industry recovery fund” to help them.
CZ also made the following statements in the post:
Binance is creating an industry recovery fund to help projects that are strong but have liquidity problems to mitigate the negative effects of FTX. Detailed explanation will come soon and if you think you are among these projects, you can contact Binance Labs. We welcome other industry players who want to make joint investments. Crypto isn’t going anywhere. We are still here. Let’s rebuild.
Following the recent events, these statements of the Binance CEO, the crypto money industry who think they are “unsafe” and to investors who attract their investments thought to be intended.
In addition, Justin Sun, the founder of Tron and the official of Huobi, one of the largest cryptocurrency exchanges in the world, shared the post of Binance CEO. support by answering announced.
