Published in

Coinmonks

May 18

3 min read

Binance owned $1.6 billion worth of LUNA, which is now worth only $3,000

Changpeng Zhao gave an update on Binance’s investments in Terra (LUNA). After reaching up to $1.6 billion, they are now worth only $3000. However, he announced that the profits made in staking by the platform will be redistributed to the people harmed by the case.

Binance loses $1.6 billion on LUNA

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