Changpeng Zhao tweeted that as part of the $3 million invested in Terra in 2018, Binance received 15 million LUNA (worth $1.6 billion at its peak), which is still in the address where Binance originally received LUNA , never moved or sold.
In addition, Binance acquired 12 million UST through staking (not from purchases), which were never sold or moved. In order to lead by example in user protection this time, Binance will support Persian Capital’s proposal to prioritize compensation for small UST holders.
In previous news, Buterin also agreed with the Terra Fund’s plan to give priority to UST small-amount holders. The plan believes that 99.6% of wallets can be fully compensated if compensation is given to small-amount holders, which is more conducive to stabilizing community sentiment. .
