June 29, 2022

Binance CEO Changepeng Zhao (CZ) has stated that his exchange was not the primary trading venue for the faltering hedge fund Three Arrows Capital (3AC). It also did not extend any lines of credit to the fund for a bailout.

However, a blog post from the CEO on Thursday explored the ethics of bailouts, leverage, and the exchange’s role in today’s shaky environment.

Read More
Source link

See also  Binance Labs has announced the launch of a $500 million Web3 Blockchain Fund.
X