CZ Zaho, the CEO of Binance, says on twitter that he wants to see more transparency from Terra team. He writes, "The last few days, we tried hard to support the Terra community. In my tweets, I am simply pointing out the potential issues from my understanding. Minting, forking, don’t create value. Buying back, burning does, but requires funds. Funds that the project team may not have. In this regard, I would like to see more transparency from them. Much more! Including specific on-chain transactions (txids) of all the funds. Relying on 3rd party analysis is not sufficient or accurate. This is the first thing that should have happened."
In addition, CZ Zhao clarifies that Binance didn't participate in the second round of $LUNA fundraising, nor did it acquire any $UST.
