Crypto Recovery Fund: CZ Sought Assistance From These Investors

Efforts are still underway to form a crypto recovery fund in the wake of liquidity crunch after the FTX collapse. A team of Binance executives led by CEO CZ sought funds for the crypto industry recovery fund from some high profile investors in Abu Dhabi last week. According to reports, there is still a lot of work to do before there is any clarity on the magnitude of the fund. Earlier, CZ said there was ‘significant investor interest’ in the recovery fund.