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Binance Commits Another $1 Billion to Industry Recovery Fund

Katie Lin

Summary: Binance CEO Changpeng “CZ” Zhao said on Friday it has added another $1 billion to its $1 billion industry recovery fund, Many other companies, including Aptos Labs and Jump Crypto, joined Binance and will contribute $50 million to the fund. The recovery fund will be used to support the industry, which has seen major declines ...

Binance CEO Changpeng “CZ” Zhao said on Friday it has added another $1 billion to its $1 billion industry recovery fund,

Many other companies, including Aptos Labs and Jump Crypto, joined Binance and will contribute $50 million to the fund.

The recovery fund will be used to support the industry, which has seen major declines since the beginning of the year.

Author: Katie Lin

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