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These Are the Types Crypto Projects that Could be Bailed Out According to Binance CEO
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Bailouts are not inherently wrong and can be done for crypto projects as long as they happen only for projects that “are fixable” and “have potential,” according to Binance CEO Changpeng Zhao (CZ).The clarification from the Binance CEO comes after Alameda Ventures, the venture arm of FTX's parent Alameda Research, bailed out the crypto platform operator Voyager Digital.
The bailout – which has become a topic of discussion in the crypto community – came after the troubled crypto hedge fund Three Arrows Capital apparently failed to repay a loan to Voyager.In his article, published on Binance’s website, CZ said there are many projects, in crypto or elsewhere, that should not be bailed out.
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