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Binance CEO Zhao Seeks Middle East Cash for Crypto Recovery Fund

  • Zhao and his team met with potential investors in Abu Dhabi
  • The fund will backstop crypto projects in wake of FTX demise
Changpeng Zhao
Changpeng ZhaoPhotographer: Zed Jameson/Bloomberg

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Binance Chief Executive Officer Changpeng “CZ” Zhao 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.