September 27, 2022

Binance Exchange Launches Terra Investigation

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Binance CEO Changpeng Zhao (CZ) announced that a special group representing his company has launched an investigation into the activities of the Terra cryptocurrency project. He noted that the special department will look into statements from the user Fatman, who said that the creator of Do Kwon and many others are guilty of manipulation to bankrupt millions of investors.

The head of the trading platform assured that he needs to understand whether the claims of an anonymous user are justified. The fact is that the status publication Fortune referred to Fatman’s messages on social networks with accusations, attaching them to an interview with the head of the cryptocurrency platform. A critic of the product claimed that Terra’s developers manipulated the market by collaborating with major exchanges and venture capital funds. This was a consequence of the fact that people lost billions of US dollars (USD).

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