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Binance Targets $1B Recovery Fund for Distressed Crypto Assets: Bloomberg

Binance is targeting $1 billion or more for a previously announced recovery fund to buy distressed crypto assets, CEO Changpeng "CZ" Zhao said in an interview with Bloomberg Television on Thursday.

“If that’s not enough we can allocate more,” CZ said, according to the news outlet.

(By Eliza Gkritsi)


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