Binance CEO Changpeng Zhao talked about the collapse of UST and LUNA. CZ said there was a problem with Terra’s design and he was disappointed with the way the team handled the problem.
CZ, CEO of leading crypto asset platform Binance and a prominent figure in the crypto community, He talked about the UST and the LUNA crisis. Explaining first why Binance stopped trading LUNA, CZ then said that it is not his principle to comment on crypto asset projects, but this time he will break it. CZ said in a statement on the matter:
“I am deeply disappointed with how (or not) this UST/LUNA incident has been handled (or not) by the Terra team. We asked their team to restore the network, burn the overprinted LUNA, and recover the UST stabilizer. So far, I haven’t gotten any positive response or much response.”
As it is known, Binince had delisted LUNA in the past hours.
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