Shock statement from Binance founder: Bankrupt because of LUNA!

Giant cryptocurrency exchange Founder of Binance and its CEO Changpeng Zhaoafter crypto token LUNA crashed ‘poor’ stated that. The founder of the world’s largest cryptocurrency exchange, Zhao, brings to mind the questions of whether the tweet, in which he lost more than a billion dollars, is real, even though he leads a billionaire life, according to a report.

Zhao’s $1.6 billion investment fell to $2,200

Binance founder Zhao said in a tweet on Monday that the exchange had only a month ago to LUNA cryptocurrency. 1.6 billion dollars stated that he invested. The collapse and investment that occurred after 1 month 2 thousand 200 dollars After his setback, the founder said he was ‘poor again’.

At the same time, Zhao tweeted that the world’s largest cryptocurrency exchange Binance 15 million Luna tokens stated that he has Binance has done with the Terra network on which Luna is based. 3 million dollars received these tokens in 2018 in exchange for investment. According to Zhao, Luna tokens were ‘neither transferred nor sold’ as of Monday.

Binance’s LUNA Holdings announced in early April when the coin hit its peak value. 1.6 billion was worth a dollar. However, the last crash this week was about approx. 2 thousand 200 dollars dropped it.

LUNA’s value has dropped rapidly, especially in the last two weeks. This decline TerraUSDIt started when the coin lost its peg to the US dollar two weeks ago. The fact that the values ​​of the two tokens were tied to each other was also very effective in this case.

On Monday, Zhao urged the Terra team to repay retail investors first. According to estimates, the 45-year-old Binance founder is about 14.8 billion dollars wealth owner. According to Forbes, the majority of Zhao’s wealth is estimated on Binance. 70 percent comes from the stock.

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