Binance Suspends Spot LUNA, UST Trading as CZ Outlines Disappointment With Terras Actions

-The worlds largest crypto exchange suspended LUNA and UST spot trading shortly after doing so to the LUNA coin-margined perpetual contracts.

-The companys CEO took it to Twitter to offer his view on the matter.

-He believes some investors began accumulating portions of LUNA, whose price had tumbled from above $80 to well under the 2018 ICO price of $0.8, because they didnt understand that as soon as deposits are allowed, the price will likely crash further.

-Despite a few speculations and proposals, TerraForm Labs and the LUNA Foundation Guard are yet to publish a specific solution to this mayhem.

-As such, CZ said he was very disappointed with how the team handled (or not handled) the situation.

 

 

cz binance min 1 Binance Suspends Spot LUNA, UST Trading as CZ Outlines Disappointment With Terras Actions
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