breaking news Binance CEO Shares Lessons From the Crash of LUNA, UST Coin bitcoinist.com - Business News lastminute news

Binance CEO Changpeng Zhao shares some crypto recommendations after the collapse of Terraform Labs Luna and UST Coins resulted in a loss of $40 billion and

breaking news Binance CEO Shares Lessons From the Crash of LUNA, UST Coin bitcoinist.com - Business News lastminute news

Binance CEO Changpeng Zhao shares some crypto recommendations after the collapse of Terraform Labs Luna and UST Coins resulted in a loss of $40 billion and

22 Mayıs 2022 - 01:00

Binance CEO Changpeng Zhao shares some crypto recommendations after the collapse of Terraform Labs Luna and UST Coins resulted in a loss of $40 billion and affected the entire crypto market.

The accident of LUNA/UST is a tragedy that has resulted in financial loss to many people, Changpeng Zhao remarked in a blog post on May 20, 2022. CZ emphasized that Binance is always looking to protect customers from harm and acknowledged that crypto exchanges are limited to a community-proposed solution with many flaws.

Related Reading | Terra – a ‘pyramid scheme’ – threatens the crypto ecosystem, says billionaire

Binance CEO talks about LUNA

He further added that Binance offered TerraForm Labs a focus on paying retail investors on a priority basis. However, at first, CZ highlighted that the crypto space should take a lesson from Terra’s crash.

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