avatar

Changpeng Zhao Says Terra Forking Doesn't Give the New Fork Any Value

In response to Terra's fork plan, Binance CEO Changpeng Zhao tweeted, "The forking does not give the new fork any value. That's wishful thinking. One cannot void all transactions after an old snapshot, both on-chain and off-chain (exchanges)." In addition, he questioned where is all the BTC that was supposed to be used as reserves? And he asks shouldn't those BTC be all used to buy back UST first? Previously, Terra founder Do Kwon proposed a Terra revial plan with 1b new $LUNA and its distribution plan.
Source

Terra

CZ

Binance

Fork

In This Article

Related News
Binance suspends employee for allegedly profiting off of insider information Binance suspends employee for allegedly profiting off of insider information
Binance Records $3.97B Weekly Inflows Binance Records $3.97B Weekly Inflows
Binance inflows for 2024 are almost 40% higher than the next 10 exchanges combined Binance inflows for 2024 are almost 40% higher than the next 10 exchanges combined
Binance launching BFUSD, promising APY 'will never go below zero' Binance launching BFUSD, promising APY 'will never go below zero'
Changpeng Zhao advocates for ‘real’ blockchain apps over memecoins Changpeng Zhao advocates for ‘real’ blockchain apps over memecoins
Latest News More More
2 Days Ago 0xbow unveils ‘Privacy Pools,’ a new blockchain privacy tool drawing from Vitalik Buterin’s research
March 27 Ethereum edges closer to deploying Pectra on mainnet with successful upgrade on Hoodi testnet
March 27 MEXC Extends DEX+ Platform to Binance Smart Chain Users
March 25 BlackRock launches bitcoin ETP in Europe following US success
March 21 Pump.fun launches DEX called PumpSwap to instantly migrate graduated token

About TokenInsight

Services

Products

Support

Google Play
Google Play
Google Play
2018 – 2023 © TokenInsight Ltd. All rights reserved
Disclaimer Terms of Service Privacy Policy
delate
Use TokenInsight App All Crypto Insights Are In Your Hands
Open