Binance’s Crypto Rescue Plan Fails to Quell All the Fears of Post-FTX Contagion

Binance’s Crypto Rescue Plan Fails to Quell All the Fears of Post-FTX Contagion

Binance’s Crypto Rescue Plan Fails to Quell All the Fears of Post-FTX Contagion (Bloomberg) -- Crypto mogul Changpeng “CZ” Zhao’s vow to set up a recovery fund of up to $2 billion to help cash-strapped startups failed to dispel all the sector’s contagion fears following the collapse of the FTX exchange. Most Read from Bloomberg Binance’s Zhao Flags Possible $1 Billion for Distressed Assets Malaysia PM Anwar Plans Confidence Vote to Prove to Rival He Commands a Majority Elizabeth Holmes …