Binance will introduce a new recovery fund to support crypto projects experiencing liquidity problems. Today, the CEO of Binance, Changpeng Zhao, tweeted about the strategy. To reduce further cascading negative effects of FTX, Binance is forming an industry recovery fund, to help projects who are otherwise strong, but in a liquidity crisis. More details to come soon. In the meantime, please contact Binance Labs if you think you qualify. 1/2 — CZ 🔶 Binance (@cz_binance) November 14, 2022 Binance Establishes Recovery Fund Binance is establishing an industry recovery fund to assist projects that are generally solid but are experiencing liquidity The post Binance Launches Recovery Fund for Crypto Projects Facing Liquidity Crisis appeared first on Cryptoknowmics-Crypto News and Media Platform .
