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DOMAINS TOKEN-G

Ronald Maguire

06 June 2022 147 Read Crypto , Altcoins

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CZ Announces 1.6 Billion Dollars Loss from Terra Investments

Binance CEO CZ said the company invested in Terra as part of its Binance Labs investment in 2018. The collapse of the Terra ecosystem came as a shock to many players in the crypto market. In an interview with Fortune, CZ said that he holds 50 million LUNA coins in a public crypto wallet address. CZ said they didn't make any money and lost an investment of $1.6 billion, but that's fine, though.

According to Jump Crypto, the sales resulted from a series of transactions in the USTw - 3CRV Curve protocol.

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