CZ declares plans for an business ‘restoration fund’ for struggling crypto corporations
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I bet that fund only works for firms associated with Binance.
God, this guy is fucking scum. He’s like a literal comic book villain.
Aka give CZ money so he can buy out his competitors
CZ is trying to wipe out the competition and he chose a really good time. Everything is clockwork for him as if it was planned all along.
If everyone just invested in Bitcoin… instead of alt coins… crypto wouldn’t have gone to the wolves…
That is all.
I’m struggling CZ just a small donation of $5m should do to get me back up and running
Who decides who getd the money? You?????
Binance is already, and is becoming more and more, this kind of big company that holds 3/4 of the market.
Turns out if everyone hates him all they have to do is withdraw their funds from his exchange and we can watch him go broke as well. To bad for most that BNB makes it difficult to withdraw
Didn’t FTX do exactly this? Why do I feel like Binance is also gonna collapse
so he can have an excuse when sued for being a monopoly in 8 years
BNB to $30
Fund for the little guy that the firms screwed cz means.
This guy will became the biggest villain in crypto history !!!
I love all the hate cz gets on this sub. I get more bullish on Binance and BNB for every hate comment i see. Keep going, good job r/CryptoCurrency , you’re doing exactly what i want 🙂
I think this is a good thing but I don’t trust CZ. He is Dr. Evil.
tldr; Binance CEO Changpeng Zhao has said that no one can be protected from a “bad player” and announced plans for an industry “recovery fund” for struggling crypto firms. Zhao said it was not “100%” the responsibility of watchdogs to protect consumers and the crypto sector had to play its own part. He added that he was planning to form a new industry association to form common standards for the sector.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
This is literally THE SAME THING SBF was doing when firms were collapsing months ago.
And now that CZ plans for world domination backfired on the whole industry including Binance, NOW is when he wasn’t to be all benevolent and save everyone. Just a few days ago he was saying not to trust any of the *other* exchanges. Now he’s saving those same exchanges and projects that you shouldn’t trust. A big joke.