Binance plans to keep the $985M+ BUSD it moved from its industry recovery fund, launched in November 2022 amid FTX's collapse, in its corporate wallets
Scoop: CZ tweeted that Binance would be converting its $1 billion in BUSD for the Industry Recovery Initiative to “native crypto,” boasting “transparency.” Instead, the funds ended up back in a corporate exchange wallet, where they will remain: https://fortune.com/...