Elastic money -Binance’s Luna investment was worth $1.6 billion. Now, it’s less than $3,000
In 2018, Binance put $3 million into Luna and received 15 million tokens in return. At Luna’s price peak in April, those tokens were worth $1.6 billion. Now, it’s less than $3,000 Binance wants retail traders who lost money during Luna’s crash last week to be reimbursed Binance will let this go and ask the Terra project team to compensate the retails [sic] users first, Binance last. It shakes the reputation of the exchanges which support Luna/UST staking.
LFG doesn't have the money to compensate users. How will they?
So sounds like Binance knows nobody's getting their money back, or at least not $1.6B worth, so they're pretending to let retail investors be first in line, because it's not gonna cost them anything. Did I get that right?
If you gain would you donate it to LUNA? Then why do LUNA give it to you when you lose money?
binance is a ducking scam. stay away from itt
Binance doing the right thing here
When did binance announce reimbursement for UST and Luna?
Binance is seeking reimbursement from Luna first and then they might announce 😊