Binance is creating an emergency fund to help “strong” projects experiencing liquidity issues

FlavienNovember 12, 2022

Less than a minute

Binance is creating an emergency fund to help strong projects experiencing liquidity issues

In a tweet this morning, Binance CEO Changpeng Zhao declared that the exchange is creating an emergency fund in order to help projects with strong protential that are facing liquidty issues. He wants to reduce the cascading negative effects that we have seen from the Terra ecosystem collapse, Celsius and more recently FTX on the industry.
He called out other industry players that would be interested in co-investing this fund.

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Flavien

Greetings, I go by the name of Flavien - a devoted supporter of cryptocurrency and a tech aficionado who has been keeping track of the developments in the world of blockchain and digital currencies since 2019. The potential of decentralized digital currencies to revolutionize our financial systems has captivated me, and I'm constantly exploring the most recent trends and advancements in this ever-evolving industry. As a content creator for Krypto Channel, my aim is to deliver informative and engaging articles that shed light on all aspects of the crypto world. Whether you're a seasoned investor or simply curious about blockchain technology, I am here to keep you updated on the latest happenings and trends. Being part of this lively and dynamic community is an honor, and I am thrilled to share my passion for cryptocurrency and blockchain with all of you.