Yesterday Binance‘of TOP Cz, who shared that he did not make the purchase, shared the latest information he received from the team today.
Cz stated in his post yesterday that he guessed they had some UST on their hands due to transaction fees. However, according to incoming data, Binance did not have such revenue, as UST’s initial transaction fees were close to zero.
Talking about Binance’s Luna investment, Cz stated that they had 15 million Lunas with an initial investment of 3 million dollars, their value increased to a maximum of 1.6 billion dollars, and after the 560-fold increase, the value of the Lunas in their hands decreased.
Cz said these LUNAs were never sold and still have them.
Stating that they earned 12 million UST for staking these LUNAs, CZ said that this is also in the same wallet and they have never sold it.
Stating that Binance will not be hasty in the compensation of losses and will give priority to retail investors, Cz asked the project team to compensate the losses of retail investors beforehand.
Cz also shared the wallet address where they keep Luna and USTs.
2/ Binance received 15,000,000 LUNA (at peak worth $1.6 billion USD, now not much) as part of the original ($3m) invest. 560x return at peak. It still sits on the address we received at 👇. Never moved or sold.
Address:https://t.co/6HwTu6CCuB
— CZ 🔶 Binance (@cz_binance) May 16, 2022