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According to Bloomberg, Binance founder and Chief Executive Officer CZ and several deputies met with investors in Abu Dhabi last week in an effort to raise cash for a crypto industry recovery fund, according to people familiar with the matter. CZ and his team held meetings with potential backers last week, including with entities affiliated with United Arab Emirates National Security Adviser Sheikh Tahnoon Bin Zayed, who oversees a large financial empire, said the people. Details on the size of the fund and the projects to support are still not decided and it’s likely several weeks before the vehicle takes off, the people said.

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【Binance founder CZ seeks Middle East cash for crypto recovery fund】According to Bloomberg, Binance founder and Chief Executive Officer CZ and several deputies met with investors in Abu Dhabi last week in an effort to raise cash for a crypto industry recovery fund, according to people familiar with the matter. CZ and his team held meetings with potential backers last week, including with entities affiliated with United Arab Emirates National Security Adviser Sheikh Tahnoon Bin Zayed, who oversees a large financial empire, said the people. Details on the size of the fund and the projects to support are still not decided and it’s likely several weeks before the vehicle takes off, the people said.

Binance founder CZ seeks Middle East cash for crypto recovery fund

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