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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)

Binance Crypto

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

All Comments

Recommended for you

In the past 24 hours, the amount of liquidated positions on the entire network exceeded 110 million US dollars

BTC breaks through $39,500

Charlie Munger, Warren Buffett's longtime business partner and Berkshire Hathaway vice chairman, dies at 97

Binance onboarded millions into finance but forgot the paperwork — Columbia professor

Binance settles with U.S. government: Timeline of US enforcement actions

Crypto markets mixed as traders digest DOJ action against Binance, CZ

Mining company Phoenix Group completed its IPO on the Abu Dhabi Securities Exchange and will be listed on December 4

US Justice Department seeks $4 billion from Binance to end criminal case: Bloomberg

BlackRock files S-1 filing for its spot Ethereum ETF

BGX announces subscription of HK$710 million in new shares of BC Technology Group

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