Binance Opens Crypto Industry Recovery Fund Binance CEO Chang | cryptohubgems

Binance Opens Crypto Industry Recovery Fund

Binance CEO Changpeng Zhao (CZ) has revealed that Binance Labs will launch a crypto industry recovery fund to “mitigate the further cascade of FTX negative impacts.”

Its goal is to help projects that are generally strong but are experiencing a liquidity crisis.

"Cryptocurrency is not leaving. We are still here. Let's recover," CZ added.