CZ Zhao Wants 'More Transparency' from Terra

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.
Source

Binance

Terra

In This Article

Related News
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'
As Crypto Assets Gain Ground, Binance Maintains Market Leadership As Crypto Assets Gain Ground, Binance Maintains Market Leadership
Binance Marks Two Years of Proof of Reserves with Extensive Asset Backing Binance Marks Two Years of Proof of Reserves with Extensive Asset Backing
Avalanche buys back $53M of AVAX tokens from Terra’s LFG Avalanche buys back $53M of AVAX tokens from Terra’s LFG
Latest News More More
Sky’s lending subDAO Spark targets up to $1.1 billion in direct exposure to Ethena’s USDe and sUSDe tokens
20 Hours Ago Sony’s Layer-2 Blockchain 'Soneium' Goes Live
20 Hours Ago Japan’s Remixpoint buys 33.3 additional bitcoin, boosting holdings to nearly $32 million
1 Day Ago Arbitrum, Azuki-backed Animecoin unveils tokenomics with over 50% community allocation
1 Day Ago Singapore bans Polymarket amid national crackdown on online gambling sites
delate
Use TokenInsight App All Crypto Insights Are In Your Hands
Open