Binance CEO: In the situation with Luna, it is necessary to save users and only then the exchange

The CEO of Binance, who has been changing his attitude towards the Luna situation (while calling the behavior of the LUNA team irresponsible in any case), spoke about the speculation that the exchange may be keeping some unspent funds from the project owners.

«Binance received $ 3 million worth of tokens as part of the initial investment, we had 15,000,000 LUNA (at the peak, the price was 560 times higher, now it’s not worth much). They are still at the same address where they were received — they have not been moved or sold. Similarly, we have 12 million UST received from staking. Again, no transactions have been made with them.»

Mr. Zhao also supported the opinion of Vitalik Buterin and a number of industry representatives that the rescue plan should first take into account the interests of retail owners, and then the interests of large players: «First of all, we have to help the users, and last of all, Binance, if it comes to that.» He added that this decision was made after negotiations within the company that lasted less than 5 minutes.