THELOGICALINDIAN - Binances Changpeng Zhao CZ has said the barter supports the angle to atone retail LUNA users advanced of beyond investors He additionally said the LUNA tokens accustomed by Binance in barter for a 3 actor advance in Terra accept not been awash or confused
Binance’s LUNA Tokens Not Sold
After his barter faced criticism for its administration of LUNA tokens, Binance CEO Changpeng Zhao (CZ) tweeted that any advantage for LUNA holders charge accent attention the interests of retail users. He said Binance has already taken the advance by electing to be compensated last.
In the latest Twitter cilia wherein he addresses the altercation surrounding the LUNA badge crash, Zhao appear to his followers that Binance had accustomed 15 actor LUNA tokens in barter for an advance of $3 million. According to the Binance boss, the LUNA, whose amount already ailing at $1.6 billion, “still sits on the abode we accustomed at. Never confused or sold.”
Likewise, the 12,000,000 UST that Binance acquired from staking over time, are additionally still sitting at the aforementioned address, Zhao said. He claimed these accept never been confused or sold.
LUNA Users’ Reaction
Despite captivation cogent amounts of both LUNA and the UST stablecoin, Zhao said the Binance aggregation had agreed with a angle to accent compensating retail users first. He said:
Reacting to CZ’s endorsement of a advantage plan that was initially proposed by a Twitter user accepted as Persian Capital, some of the Binance CEO’s followers insisted this access was amiss because it would abode at a disadvantage those heavily invested in LUNA. The Twitter user called SEIF Motawi said:
“This is acutely wrong. What about the ones who invested money in LUNA and all of their activity accumulation are now gone? Are they not account actuality compensated as well?”
Another user, Veronica, remarked: “Brilliant! So those of us who bought UST or luna and beatific it to Binance, or Metamask, or addition platform, for example, got screwed. Make the affluent get richer and the poor get poorer! abundant job.”
However, some users who affirmation to accept absent funds are praising the position taken by the Binance CEO, but ask if this angle can be implemented.
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