Binance CEO blames Luna team for crypto crash.

May 13, 2022

Binance CEO Changpeng Zhao said that he is disappointed in Terra’s team’s handling of the LUNA/UST crash.

In a long twitter thread, Binance CEO clarified the exchange’s position in the Luna crisis.

Binance requested Terra’s team to restore the network, burn the extra minted LUNA, and recover the UST peg.

Binance did not get any positive response, or much response at all, CZ tweeted.

Binance CEO cited Axie Infinity’s example and commended the team’s response, which was in sharp contrast to Terra.

“Axie Infinity’s team took accountability, had a plan, and were communicating with us proactively. And we helped,” CZ tweeted.

Binance has now delisted Terra’s stablecoin UST and its cryptocurrency LUNA