Binance has a goal of raising at least $1 billion to set up a crypto industry bailout fund. He stated this in an interview with Bloomberg Changpeng Zhao (said cz extension), founder and CEO of the largest cryptocurrency exchange in the world, underlining that the fund will have a “free” structure, will be publicly visible on the blockchain and the other players in the sector will be able to contribute as they wish. the fund will be operational as soon as possible because, CZ stressed, “the industry needs to be rescued now, not in 2023”.
CZ also confirmed that Binance US is preparing an offer to buy Voyagerthe cryptocurrency lending company that went bankrupt a few months ago and was supposed to be bought by Ftx (it had offered $1.4 billion last September), the crypto exchange founded and led by Sam Bankman-Fried (SBF), which also ended up in the air.
Speaking of SBF, his participation in a conference of the New York Times long scheduled for Wednesday November 30th. Prestigious conference that will see the participation, among others, of the US Treasury secretary Janet Yellenby the CEO of BlackRock Larry Fink and the President of Ukraine Volodymyr Zelensky. The conference moderator Andrew Ross Sorkin, confirmed the participation of SBF, explaining that «nothing is forbidden». (All rights reserved).