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.

CZ has been a key figure in the industry the last few months, cementing his position as a key leader, after the fall of FTX and its CEO Sam Bankman-Fried. Earlier this month, he raised concerns about FTX on Twitter andThe fallout of FTX's bankruptcy has been felt deeply across the entire industry, leading to other companies like

binance cz_binance egreechee Guy helps tank the market to then buy depressed assets. Result = he gets even more control and power over the industry. Then he can repeat and take down whomever he wants.

binance cz_binance egreechee CZ is starting to sound like SBF. LOL.

binance cz_binance egreechee Binance is a Chinese company They target US companies Ftx is a prey 😂 This is the Chinese invasion 🔥🔥🔥🔥

binance cz_binance egreechee Definitely a good move. I think MEXC's M-VENTURES whose scale capital recently surpassed $200M is doing this too.

binance cz_binance egreechee If binance pump 1b in Lunc then supply can be brought down to less then 80b. Please buy and burn Lunc help people and same time get more rich .

binance cz_binance egreechee Tbh it's a great plan, beat down the market with a prolonged fud campaign and then buy it all back at a discount.

binance cz_binance egreechee we dont even need centralised exchanges let alone ponzi lending companies. Binance will not last forever.

binance cz_binance egreechee 🤴

binance cz_binance egreechee Look at the beeruscat DAO. Doesn't it smell good

binance cz_binance egreechee Mentre tutto è in fase calante, CZ sforna miliardi … bah! Farlo ministro dell’economia in Italia no?

binance cz_binance egreechee Why he is beging middle east investors if he really own 70 billions!

binance cz_binance egreechee tell me your industry is a ponzi without saying your industry is a ponzi

binance cz_binance egreechee 🤣🤣

binance cz_binance egreechee how it started: SAFU how it's going: SAVeU

binance cz_binance egreechee Will the binance contribution consist of depositor's crypto or binance profits?

binance cz_binance egreechee CFX

binance cz_binance egreechee Thanks a millonn

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