Binance CEO Changpeng Zhao said on Wednesday that there has been a lot of interest from industry players in a recovery fund his company is planning to launch to help crypto projects that are experiencing liquidity issues as a result of the collapse of rival FTX. Zhao stated at an Abu Dhabi conference that he does not have an exact figure in mind for the size of the recovery fund. “There are players with strong financials, and we should band together; we’ve had significant interest so far,” he said, declining to name other exchanges or institutions.
