Binance made statements after the acceptance of the Terra network’s recovery plan.
CEO Do Kwon‘Fame, LUNA and TOP put to a vote to save the chain after the collapse “The Rebirth of the Terra Network” by the Terra community of his proposal. to be adopted by a majority vote Then came the statement from Binance.
Binancein a statement on Twitter Working closely with the Terra team on the recovery plan reported.
“At Binance, we are working closely with the Terra team on the recovery plan aimed at providing the best possible solution to affected users. Stay tuned for more updates.”
Binance CEO, who expressed the importance of user protection at every opportunity Changpeng Zhao (CZ)in 2018 after the collapse 1.6 billion dollars from the LUNA investment reaching 3,000 dollars However, he suggested that the Terra team should cover the losses of small investors first.
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After the bailout plan was accepted by the majority of the community, Korean media reported that CEO Do Kwon announced the launch of Luna 2.0, the network’s new decentralized cryptocurrency. that he is attempting to be listed on South Korean stock exchanges. the news is out. However, Do Kwon denied these reports with his post.
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