Binance Still Holds LUNC, CZ reveals

Binance CEO, Changpeng Zhao revealed, “We still hold LUNA (now LUNC) today”.

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This was in a reply to a Twitter user named db tweet, “Sounds like you want Alameda to buy $580m of BNB and then do a swap for the FTT?”.

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Zhao detailed that “I didn't say that. It was a question, not a commitment. I think we will stay in the free market.”

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Recently, Zhao in a tweet, referenced LUNA while he was discussing the motivations for liquidating all its FTT holdings.

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He mentioned, it was “post-exit risk management, learning from Luna.”

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Sam Bankman-Fried clarified that FTX has GAAP audits, with > $1b excess cash.

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SBF also invited CZ to talk it out and work on growing the ecosystem together.

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