Binance Founder and CEO Changpeng Zhao, generally generally known as CZ, has refuted claims that the crypto alternate had invested $300 million within the Terra challenge.
CZ’s clarification about Binance’s involvement in Terra within the early levels got here within the type of an eight-part Twitter thread the place he defined that Binance solely invested $3 million in Terra again in 2018. He mentioned:
3/ Binance didn’t take part within the 2nd spherical of Luna’s fund elevating nor did we purchase any UST.
Binance Labs invested $3m USD in Terra (the layer 0 blockchain) in 2018. UST got here a lot later after our preliminary funding.
— CZ 🔶 Binance (@cz_binance) #"
