Binance CEO’s LUNA Statement: Nobody’s Saying To Take It By Force

The number one agenda of crypto investors in the past weeks LUNAwas in just 24 hours 97 percent depreciation LUNA had revolted its investor. In addition, in parallel with this development, the stable coin named UST collapsed, and the loss of investors exceeded billions of dollars. Now, there has been a remarkable development on the subject. Binance CEO Changpeng ZhaoNew statements about LUNA came from .

Binance suspended transactions related to this cryptocurrency for a while after the LUNA crisis broke out. had stopped. However, this decision was abandoned after a while and investors started trading with LUNA again. Changpeng Zhao, CEO of the world’s largest cryptocurrency exchange Binance, who attended a question and answer event on Reddit, Why did they make such a decision? explained.

“We don’t say take it by force”

In the statements made by alias CZ, the reason for the closure of LUNA transactions The very team behind Luna was stated. Binance CEO, who said that they decided to stop transactions upon the closure of the LUNA blockchain, with network reopening He said that Binance also continued trading from where it left off. “No one is forcing anyone to take. The market is such a place, it has its own rules. Those who like high risk can make such purchases.” said the CEO, while hurling criticism, opening the door to other discussions.

The end of the developments is unknown, but LUNA’s many hurt the investor we can say. Because LUNA, which was traded at $ 96 at the end of April, as of the time of writing this article. $0.0001913 running levels. With this; TerraUSD (UST), the price of which should be 1 dollar, is currently from $0.07 is being traded. In summary, the damage on the LUNA front is not the kind that can be understood even with calculations…