[ad_1]
👋 Want to work with us? CryptoSlate is hiring for a handful of positions!
Taylor Locke, a reporter for Fortune magazine, has confirmed that Binance is looking into allegations levied against Terra LUNA by FatManTerra on Twitter.
In response to allegations from FatManTerra regarding Do Kwon being complicit in defrauding the community and being behind Basis Cash, Binance CEO Changpeng ‘CZ’ Zhao reportedly said:
“I said, ‘…If we can draw any conclusions, we should share that with law enforcement.’ To date, we cannot confirm or deny any of the allegations.”
CZ claims neither he nor his team had any knowledge that Do Kwon was behind the failed stablecoin project Basis Cash, as reported by FatManTerra.
CZ also made a point to distance himself from any interaction with Do Kwon, stating:
“For the record, I have never spoken to Do Kwon directly. Not in 2018 when Binance invested in TFL, and not recently.”
Do Kwon tried to speak with CZ directly a few times, according to the Binance CEO, who clarified:
“I didn’t want to start a separate channel where I have to personally manage him [Do Kwon].”
FatManTerra commented on the story coming out in support of CZ saying:
“CZ himself can’t be held culpable for any of this – he’s a busy man. The onus falls on his negligent marketing & listing teams. Sadly, someone will have to foot the bill, but Binance will ultimately be better for it. He seems like a good man.”
Journalist at CryptoSlate
Liam first got into crypto by mining Dogecoin after hours at his video production company in 2012. Since then he has become a ‘blockchain maximalist’ and subsequently, a web3 strategic consultant.
Get an Edge on the Crypto Market 👇
Become a member of CryptoSlate Edge and access our exclusive Discord community, more exclusive content and analysis.
On-chain analysis
Price snapshots
More context
Join now for $19/month Explore all benefits
Commitment to Transparency: The author of this article is invested and/or has an interest in one or more assets discussed in this post. CryptoSlate does not endorse any project or asset that may be mentioned or linked to in this article. Please take that into consideration when evaluating the content within this article.
Disclaimer: Our writers’ opinions are solely their own and do not reflect the opinion of CryptoSlate. None of the information you read on CryptoSlate should be taken as investment advice, nor does CryptoSlate endorse any project that may be mentioned or linked to in this article. Buying and trading cryptocurrencies should be considered a high-risk activity. Please do your own due diligence before taking any action related to content within this article. Finally, CryptoSlate takes no responsibility should you lose money trading cryptocurrencies.
[ad_2]
Source
Good day! This post could not be written any better! Reading this post reminds me of my previous room mate! He always kept talking about this. I will forward this post to him. Fairly certain he will have a good read. Thanks for sharing!
Would you be all for exchanging links?