03-06-2022, 10:25 PM
Do Kwon, co-founder of Terraform Labs, is being pushed into a corner amid growing skepticism over its much-hyped Terra Luna 2.0 ecosystem.
Binance CEO Changpeng Zhao was the latest crypto mogul to have stepped up criticism of the Korean developer. He has ordered his exchange team to look into any allegations that Kwon and Terraform Labs face over the recent Luna fiasco.
The decision reflected the escalating controversies surrounding the sustainability of the revived Terra ecosystem after the value of its predecessor suddenly dropped to near zero last month.
Kwon then launched the new ecosystem, as part of a desperate bid to compensate for investor loss by issuing new tokens.
However, with Luna 2.0 showing drastic price fluctuations after its launch last week, crypto tycoons and industry officials have issued a series of warning messages against the cryptocurrency, urging investors to pay special attention before buying the new Luna token.
More at https://shrtco.de/apwLVz
Binance CEO Changpeng Zhao was the latest crypto mogul to have stepped up criticism of the Korean developer. He has ordered his exchange team to look into any allegations that Kwon and Terraform Labs face over the recent Luna fiasco.
The decision reflected the escalating controversies surrounding the sustainability of the revived Terra ecosystem after the value of its predecessor suddenly dropped to near zero last month.
Kwon then launched the new ecosystem, as part of a desperate bid to compensate for investor loss by issuing new tokens.
However, with Luna 2.0 showing drastic price fluctuations after its launch last week, crypto tycoons and industry officials have issued a series of warning messages against the cryptocurrency, urging investors to pay special attention before buying the new Luna token.
More at https://shrtco.de/apwLVz