What Happened To Billion Dollar Binance Recovery Fund?

Binance Launched Billion Dollar Industry Recovery Fund In November

On November 25, Binance announced a $2 billion industry recovery fund in the wake of FTX collapse.

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It’s been 36 days since the fund was announced and no amount of money has been sent out of that fund.

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According to Scope Protocol, the only value out of the fund is the $50 test transactions.

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Binance CEO had said that they are putting a $2 billion recovery fund to buy distressed crypto assets after FTX filed for bankruptcy.

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Twitter users questioned whether CZ created the fund just as a PR stunt and never intended to actually use it.

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Though Binance US had earlier announced to acquire Voyager’s assets for $1 billion.

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Crypto community is speculating how Binance is planning to spend this billion dollar industry recovery fund.

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