According to CEO of Binance CZ's tweet:
Given the changes in stable coins and banks, #Binance will convert the remaining of the $1 billion Industry Recovery Initiative funds from BUSD to native crypto, including #BTC, #BNB and ETH. Some fund movements will occur on-chain. Transparency.
Given the changes in stable coins and banks, #Binance will convert the remaining of the $1 billion Industry Recovery Initiative funds from BUSD to native crypto, including #BTC, #BNB and ETH. Some fund movements will occur on-chain. Transparency.
— CZ 🔶 Binance (@cz_binance) March 13, 2023
🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 985,088,975 #BUSD (981,641,163 USD) transferred from Binance Recovery Fund to #Binancehttps://t.co/wqo5dSERfJ
— Whale Alert (@whale_alert) March 13, 2023
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