Binance’s CEO, Changpeng Zhao (CZ), reportedly met with investors from Abu Dhabi to discuss the recently announced cryptocurrency industry recovery fund.
- The CEO of the world’s leading exchange met with Abu Dhabi investors to discuss the crypto industry recovery fund.
- According to a Bloomberg report, a spokesperson from Binance said the meeting was primarily focused on how local regulators can lead the “globe by exploring more aggressive proof of custody requirements.”
- Per the coverage, CZ made an effort to raise money for the recovery fund that he announced earlier in November.
- As CryptoPotato reported, Binance’s CEO said back then:
To reduce further cascading negative effects of FTX, Binance is forming an industry recovery fund, to help projects who are otherwise strong, but in a liquidity crisis. More details to come soon. In the meantime, please contact Binance Labs if you think you qualify.