Despite the liquidity crunch following the FTX collapse, efforts are still being made to create a crypto recovery fund. CZ, a Binance executive, sought funds from prominent Abu Dhabi investors to fund the recovery fund for the crypto industry. According to reports, there is still much work to be done before any clarity can be given about the fund’s magnitude. CZ stated earlier that there was a’significant investor interest in the recovery fund.

Advertisement

About the author
Disclaimer

The content presented may contain the author’s personal opinion and may not reflect current market conditions. Before investing in cryptocurrency, do your market research. The publication or the author are not responsible for any financial loss.

Crypto Stories
View all