To reduce further cascading negative effects of FTX, Binance is forming an industry recovery fund, to help projects who are otherwise strong, but in a liquidity crisis. More details to come soon. In the meantime, please contact Binance Labs if you think you qualify. 1/2
SCOOP: @binance is highly unlikely to go through with its proposed rescue of @FTX_Official after glancing at crypto exchange's books, according to a person familiar with the matter.
@IanAllison123 reports.
https://t.co/ORh1K9RufB