The crypto industry is on life support – FTX status never endsDamaging our beautiful crypto industry, and some funds and some ecosystems are in trouble. In this sense, Binance wanted to launch a support fund for the crypto sector. The goal is to make winter less difficult. Changpeng Zhao He previously mentioned it during a series of tweets. The project appears to be bearing fruit. In fact, Binance asserts that it collected approx $1 billion To create a crypto support fund.
Changpeng Zhao and Binance to support the crypto industry
Advertisements have been through an interview Bloomberg via Binance CEO In person, Changpeng Zhao, alias CZ. It was later confirmed by a Binance spokesperson.
As mentioned, this mutual fund is not a surprise. However, some details have been provided by the crypto platform. And so it will be possible for industry players to participate in this fund, for example. The crypto address where the funds will be held will also be public. Finally, a Binance spokesperson explains that a blog article will be put up soon to further communicate the implementation of this measure.
On the other hand, Changpeng Zhao And she confirmed that this fund will amount to nearly one billion dollars, specifying:
If that’s not enough, we can customize more.
While the cryptocurrency industry is still on fire, Binance affirms its wishes for transparency and unity In order to support players in the ecosystem affected directly or indirectly by the FTX issue.
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