Binance denies participation in Terra's 2019 funding round
Binance CEO Changpeng Zhao replied on Twitter to a journalist who had insinuated the exchange for siding with Terra
By Shashank Bhardwaj
Image: Antonio Masiello/Getty Images
Binance CEO Changpeng Zhao addressed the claims of a journalist who tweeted that Binance has invested in Terra’s LUNA in 2019 and 2021. CZ denied the claims and showed dissatisfaction with how Terra handled its stablecoin debacle. He also said that Binance was ready to help Terra revive itself, provided the platform remained more transparent.
The deleted tweet by Larry Cermak, a journalist at The Block, said, “Easy to see why CZ is tweeting so passionately about LUNA. Binance led Terra’s seed round in 2019 and Terra’s 2021 round. In the last one that ended just like six months ago, they invested $300M with a 4y vest and 1y cliff (same amount as Jump).”
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