Bloomberg News says it expects to have a $1 billion fund for the eventual purchase of distressed assets in the digital economy . CEO Changpeng Zhao hinted at the possibility of allocating more funds in the interview .
Bloomberg News revealed today that it expects to have a $1 billion fund for the eventual purchase of distressed assets in the digital economy, citing an interview with Chief Executive Officer Changpeng Zhao.Zhao hinted at the possibility of allocating more funds in the interview.If thats not enough, we can allocate more, he said.Zhao said at a conference in Abu Dhabi last week that industry players were interested in a fund that his company plans to launch to support cryptocurrency projects facing a liquidity crisis following the failure of FTX, which is being sued for Chapter 11 bankruptcy protection in the United States.