Changpeng Zhao revealed to his Twitter followers that Binance had received 15 million LUNA tokens in exchange for an investment of $3 million. binance luna terrablockchain
Binance’s Changpeng Zhao has said the exchange supports the proposal to compensate retail LUNA users ahead of larger investors. He also said the LUNA tokens received by Binance in exchange for a $3 million investment in Terra have not been sold or moved.After his exchange faced criticism for its handling of LUNA tokens, Binance CEO Changpeng Zhao tweeted that any compensation for LUNA holders must prioritize protecting the interests of retail users.
Likewise, the 12,000,000 UST that Binance gained from staking over time, are also still sitting at the same address, Zhao said. He claimed these have never been moved or sold.Despite holding significant amounts of both LUNA and the UST stablecoin, Zhao said the Binance team had agreed with a proposal to prioritize compensating retail users first. He said:
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