Binance CEO Changpeng Zhao spoke about the LUNA ‘issue’ that has been on the agenda for a while. Explaining why the LUNA operations have resumed, Zhao said, “No one is forcing anyone to take them.”
The number one agenda of crypto money investors in the past weeks was LUNA. LUNA, which lost 97 per cent of its value in just 24 hours, had revolted against its investors. In addition, in parallel with this development, the stable coin named UST also collapsed, and the loss of investors exceeded billions of dollars. Now, there has been a remarkable development on the subject. New statements about LUNA came from Binance CEO Changpeng Zhao.
Binance had suspended transactions related to this cryptocurrency for a while after the outbreak of the LUNA crisis. However, this decision was abandoned after a while and investors started trading with LUNA again. Changpeng Zhao, CEO of the world’s largest cryptocurrency exchange Binance, who attended a question and answer event on Reddit, explained why they took such a decision.
“We don’t say take it by force”
In the statements made by CZ, it was stated that the reason for the closure of LUNA transactions was the team behind Luna itself. Saying that they decided to stop the transactions after the LUNA blockchain was closed, Binance’s CEO said that with the reopening of the network, Binance also resumed trading. Saying, “No one is forcing anyone to buy, the market is such a place.