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.
This had a very positive impact on the entire market, as Bitcoin’s price skyrocketed to almost $17,000.There’s no information as to what projects the fund will be investing in, but one thing is for sure – CZ has no intentions of helping FTX.Hey, you misread the tweet, I think. Liars or fraud never qualify as strong projects. This is for other projects in the ecosystem.
'Skyrocketed' to the same price as.... errrr... 24hrs ago
It's a trap bull run don't buy anything
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