Binance's Zhao flags possible $1 billion for distressed assets

Summary by Ground News

Cryptocurrency exchange Binance is aiming for a roughly $1 billion fund for the potential purchase of distressed assets in the digital sector, Bloomberg News reported on Thursday, citing an interview with Chief Executive Officer Changpeng Zhao.

Binance's Zhao flags possible $1 billion for distressed assets

8 days ago·New York, United States

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Reuters

Binance to commit $1 bln for crypto recovery initiative

Cryptocurrency exchange Binance said on Thursday it was committing $1 billion to establishing an industry recovery initiative (IRI) to invest in companies from the digital assets sector.

8 days ago·United Kingdom

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NDTV

Binance's Changpeng Zao Flags Possible $1 Billion Fund For Distressed Assets: Report

Cryptocurrency exchange Binance is aiming for a roughly $1 billion fund for the potential purchase of distressed assets in the digital sector, Bloomberg News reported today.

8 days ago·New Delhi, India

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Channel News Asia

Binance's Zhao flags possible $1 billion for distressed assets

8 days ago·Singapore

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Gulf News

Binance's Zhao flags possible $1 billion for distressed assets

Zhao said Binance US is planning to revive its bid for the assets of Voyager Digital

8 days ago·Dubai, United Arab Emirates

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Business Insider

Binance CEO pledges to form a $1 billion fund to buy distressed assets in the wake of FTX's collapse

The head of Binance said he plans to launch the fund soon given "the industry needs saving now, not in 2023," per Bloomberg.

8 days ago·United States

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Bloomberg

Binance’s Zhao Flags Possible $1 Billion for Distressed Assets

Crypto billionaire Changpeng “CZ” Zhao further outlined his plans to backstop the stricken industry, pledging to amass at least $1 billion for buying distressed assets and saying his Binance Holdings Ltd. will make another bid for bankrupt lender Voyager Digital.

8 days ago·United States

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