Binance CEO Assigns Team On Terra and LUNA Allegations

Binance CEO Changpeng Zhao (CZ) said he has instructed his team to investigate the allegations against the Terra team and CEO Do Kwon.

CZ, 30 May on Fortune In an interview with the magazine FatMan Twitter’s Claims about Terra Upon a question about him, he said that he had seen the allegations but was not sure how much of them was true and how much was false, so he asked his team to investigate all these allegations.

LUNA and TOP after the collapse From sources close to TerraForm Labs FatMan, who started to share the information he obtained with the community on Twitter, terramanipulates markets, bribes exchanges and third parties made many such claims.

Binance CEO made the following statements on the subject in the interview:

We have a research team within Binance. We are not law enforcement, but we have a lot of data. We’re looking at blockchain data. We are looking at other things. We also work with law enforcement in almost every country. I’ve asked our team to review each of FatMan’s claims. We cannot confirm or deny any of the claims to date. But we must help the community monitor and stop bad behavior.

CZ also stated that other exchanges should follow this process closely.

One day after these statements, CZ Tuesday, May 31 day Binance.us about a tweet thread sharing FatManamong other claims, that the team a “weak” due diligence process and to security measures claimed to have it. Binance has not yet made a statement on the subject.

FatMan also following the launch of the new Terra 2.0 network a source, CEO Do Kwon is working on a decentralized stablecoin to be built on the new Terra chain had confirmed.

Terra CEO Do Kwon Doesn’t Stop: New Decentralized Stablecoin Project

Related article: Terra CEO Do Kwon Doesn’t Stop: New Decentralized Stablecoin Project


source site-9