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Binance to allocate $1bn into recovery fund for distressed crypto assets

By Iain Gilbert

Date: Thursday 24 Nov 2022

(Sharecast News) - Cryptocurrency exchange Binance will look to pour at least $1.0bn into a recovery fund aimed at buying up distressed crypto assets.
Last week, Binance announced it would launch a recovery fund "to help projects who are otherwise strong, but in a liquidity crisis". However, chief executive Changpeng Zhao...

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