Binance CZ Denies Approaching Middle East Investors for Crypto Recovery Fund

PANews reported on November 23 that Binance CEO Zhao Changpeng denied on Twitter the news that he was seeking financing for the crypto recovery fund from Middle Eastern investors. The denial comes amidst swirling speculation about the fund's structure and potential backers.

CZ Refutes Bloomberg Report of Abu Dhabi Meetings

Binance CEO Changpeng Zhao (CZ) denies seeking investments from Abu Dhabi investors for the crypto recovery fund. Earlier, Bloomberg cited sources as saying that CZ and his team met with potential investors in the region to secure funding. However, CZ took to Twitter to directly contradict this claim. Binance CEO denies report firm met with Abu Dhabi investors for crypto recovery fund.

Odaily Planet Daily News Confirms CZ's Denial

Odaily Planet Daily News: Binance CEO CZ denied on Twitter that he was seeking financing for the Crypto Recovery Fund from Middle Eastern investors. This reiterates Binance's official stance on the matter.

CZ's Twitter Statement: No Middle East Fundraising Efforts

Binance CEO CZ denied on Twitter that it was seeking financing for an industry recovery fund from Middle Eastern investors. The statement clearly aims to address rumors and clarify Binance's current fundraising strategy.

Contradictory Reports Surround Binance's Crypto Recovery Fund

While Changpeng “CZ” Zhao, CEO of crypto exchange Binance, has denied a report claiming he met with investors in Abu Dhabi in an effort to raise cash for the company's crypto recovery fund, questions remain about the fund's progress. According to Bloomberg, Changpeng CZ Zhao has been meeting with investors in Abu Dhabi, seeking cash for the exchange's crypto recovery fund. This makes CZ's denial all the more significant and worth scrutinizing.