Changpeng Zhao believes that forking Terra is just not the answer to LUNA and UST’s issues
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) #"
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