On-chain data shows that a new wallet address received 1 billion $BUSD from two of Binance's wallets.
Earlier today, CZ said in a Bloomberg interview that Binance is targeting $1 billion or more for the industry recovery fund he announced previously.
Binance
CZ
CZ Zhao Has to Stay in the U.S. Ahead of Sentencing in February Next Year Binance and Crypto Community Display Resilience Amidst DOJ Settlement Binance Settles Criminal Charges for $4.3 Billion, CZ Zhao Steps Down as CEO U.S. Seeks More Than $4 Billion Fines From Binance to End Criminal Investigation Binance Launched Web3 Wallet using MPC Technology
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