Alameda Research, the “sister company” of FTX, one of the world’s largest cryptocurrency exchanges, launched its cryptocurrency trading platform with “fictitious coins”. emergence of financing It was one of the hottest topics of the past week. After that, Binance bought FTX first. will buy announced later on this purchase. that you gave up had explained.

After all these events, FTX, when filing for bankruptcy The company’s CEO, Sam Bankman, also resigned and within two days lost billions of dollars. On top of these avalanche events, Binance FTX’s native currency, FTT’s deposits. has stopped.

Relief fund for tight projects from Binance

Changpeng Zhao (CZ), CEO and founder of Binance, today from his Twitter account “For the projects that depended on FTX and Alameda Research and remained in nothing after this fiasco,” he said in a statement.support fundannounced that they will establish According to CZ’s statement, this fund has already reached a certain point, run by the community considered strong but to help projects that need money announced the creation of a fund.

These investors Will be featured on Binance Labs and that both Binance and outside investors can invest in the projects. CZ also said that its doors are open to those who want to invest in projects.

CZ also noted that projects that already have a strong community but need funding should sign up with Binance Labs. “Crypto isn’t going anywhere. We’re still here. Let’s build againWith this move by CZ, it is expected to reactivate the crypto market. Some investors and analysts say CZ’s move is a sign of both Binance and projects needing help. claims to play a major role in the growth of.