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Binance CEO says crypto ‘will be fine’ and announces industry recovery fund



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The CEO of the largest online exchange for trading cryptocurrency, Binance, said he is establishing a recovery fund to help people in the industry, while saying the sector “will be fine.”Ben McShane / Contributor / Getty ImagesThe CEO of the largest online exchange for trading cryptocurrency said Wednesday that he’s establishing a recovery fund to help people in the industry while saying the sector “will be fine.””We want the strong industry players today to protect the good industry players who might just be hurt short term,” Binance CEO Changpeng Zhao said during an interview with CNBC’s Dan Murphy at Abu Dhabi Finance Week.related investing news ‘Big Short’ Michael Burry on his current positioning: ‘You have no idea how short I am’an hour ago”That’s not to say we can save everybody. If a project is mismanaged on multiple fronts we won’t be able to …

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