I have been saying not to trust Centralised Exchanges since day 1. Especially not made-in-china/chinese owned exchanges which are never to be trusted. The worst part about it is that people still give them their coins and their personal data (via KYC). It is all going belly up one day and on that day I will say the same thing again: Do not trust a CEX, ever!
We already have the beginning of DeFi solutions which, albeit amateurish, do seem to work on a stable basis. So there is absolutely no need for a CEX, as is.
The full DeFi adoption needs to happen faster so that we can speed up the rate of DeFi and Web 3.0 technology. Centralization goes against everything that crypto stands for.
Topic: Binance Involved in LUNA SCAM (Read 540 times)
I think the one to blame here is not the exchange, but yourself, why should you put money in without doing some research on the project first.
exchange is just a service provider for trading and there are lots of altcoins you can buy, why choose Luna? because basically nothing forces you to invest in any project.
I think It can't be said like that, the fault is not OP or other holders, they also analyze before put money in to this platform. Nobody predicted that beforehand, but the developer got it wrong on the side by increasing Luna printing by day and as a result, plunged in until it probably wouldn't be worth it in the market. Binance and other marketplaces are indeed services and there is nothing wrong with them, they are all a business. exchange is just a service provider for trading and there are lots of altcoins you can buy, why choose Luna? because basically nothing forces you to invest in any project.
I think the one to blame here is not the exchange, but yourself, why should you put money in without doing some research on the project first.
exchange is just a service provider for trading and there are lots of altcoins you can buy, why choose Luna? because basically nothing forces you to invest in any project.
exchange is just a service provider for trading and there are lots of altcoins you can buy, why choose Luna? because basically nothing forces you to invest in any project.
All these problem are caused by CEX, decentralized trading protocols will take over when traders realize the damage CEXes are causing. Binance announced luna delisting twice. They also announced a luna delisting yesterday, but then they changed their mind, before delisting it, what they should had done earlier before it went to zero
is it true that the effect of CEX? TerraUSD (UST), a stablecoin whose value should have remained pegged to the United States dollar, but didn't work as it should, actually saw a decline in price. why does it happen where the price should stay, has it really happened as my friend above said. there is still a lot of speculation circulating about the situation with LUNA, of course this is something that is very bad for LUNA for crypto developments in general.it seems that not only binance is doing that, almost every exchange has closed as soon as possible, maybe even local exchanges in every country have this happen. many who have held LUNA for a long time are confused, because they have to move their assets on the exchange because of the closure.
Will LUNA's situation get worse, even after the LUNA bubble? by minting several billion tokens and dramatically increasing the number of tokens in circulation, further accelerating LUNA's price crash in an attempt to save UST. Is it true that this situation continues to be unfavorable to LUNA in the future? still needs to be learned more but most importantly all LUNA holders can get the best news going forward.
CZ is helping the Terra team and providing ideas on how they can recover the Luna and UST and I think maybe Do Kwon is still brainstorming or checking for the best proposal to recover the loss with their team.
Maybe the community will agree more with the solution from CZ compared to the issue of the new coin proposal v2 because it will be difficult to develop a new coin, even though there is an initial increase but it is not guaranteed to be trusted again for long-term investment. Based on experience from other altcoin projects which are very vulnerable to drama from hacking and dump issues, so the main solution is replacing new coins but it won't work until the project dies. So anyway they have to solve the problem on the old coin and the proper step is to consider the solution from CZ. 
Binance and many other exchanges are SCAMEERS they are INVOLVED with LUNA SCAM
They didn't delist till it drop to ZERO even that they know LUNA devs was creating
more supply and dumping in their Platforms those platforms just trying to collect more
FEES and don't care about the investors
They didn't delist till it drop to ZERO even that they know LUNA devs was creating
more supply and dumping in their Platforms those platforms just trying to collect more
FEES and don't care about the investors
I don't know if they were involved in Luna's recent dumping because when a large amount of tokens were transferred to their exchange they were definitely informed. But don't blame the exchanges because they are business people and they need profit, If you are to blame, blame yourself for being too greedy when trying to buy dip luna when the price is on the decline and expect it to recover to make a profit. Unfortunately, that didn't happen and resulted in thousands of traders losing money.
What is happening with Luna at this time, we cannot blame the Binance exchange or other exchanges, because on the one hand if the exchange suspends Luna trading, of course it will make investors who trade on these exchanges will experience greater losses, only project developers should we blame for this incident because they are not professional in handling the incident that happened with the project.
If they blame binance then it's a big mistake, because after I reviewed that CZ had played an active role in providing positive information as a solution for the luna team, but I was disappointed in the end because the luna team was slow in responding and didn't deal quickly with bad cases on the project Luna. 
Binance and many other exchanges are SCAMEERS they are INVOLVED with LUNA SCAM
They didn't delist till it drop to ZERO even that they know LUNA devs was creating
more supply and dumping in their Platforms those platforms just trying to collect more
FEES and don't care about the investors
What is happening with Luna at this time, we cannot blame the Binance exchange or other exchanges, because on the one hand if the exchange suspends Luna trading, of course it will make investors who trade on these exchanges will experience greater losses, only project developers should we blame for this incident because they are not professional in handling the incident that happened with the project. They didn't delist till it drop to ZERO even that they know LUNA devs was creating
more supply and dumping in their Platforms those platforms just trying to collect more
FEES and don't care about the investors
If you lose money as a result of the luna dump, accept your loss and learn from it instead of looking for who to blame. I doubt it was binance who encourage you or any investors to invest on high-risk altcoins projects. Binance gave chance to those who want to sell when the dump started to sell imo, But some people held till the ship completely sunk claiming to be diamond hands and loyal investors, so don't blame it on binance, (not that your opinion matters anyway).
The fact is, nobody expected this to happen and people where not prepared for it, the only thing you can do is learn from this incident.
The fact is, nobody expected this to happen and people where not prepared for it, the only thing you can do is learn from this incident.
Binance and many other exchanges are SCAMEERS they are INVOLVED with LUNA SCAM
They didn't delist till it drop to ZERO even that they know LUNA devs was creating
more supply and dumping in their Platforms those platforms just trying to collect more
FEES and don't care about the investors
They didn't delist till it drop to ZERO even that they know LUNA devs was creating
more supply and dumping in their Platforms those platforms just trying to collect more
FEES and don't care about the investors
I don't think so! for me it's unfair why does it become the fault of Binance and other crypto exchanges, the fault was on the Terra Luna side because they are not competent enough to handle the situation at the very beginning that's why the UST stable coin and Luna have been collapsed, CZ the CEO of Binance suggest about it, where is the BTC reserve and why the Terra Luna team has not used it to buy Luna in the market to stabilize the price, its a good suggestion but they did not apply it. the mistake is on their part that's why they should be blamed and not the crypto exchanges.
CZ is helping the Terra team and providing ideas on how they can recover the Luna and UST and I think maybe Do Kwon is still brainstorming or checking for the best proposal to recover the loss with their team. And, I think Binance will not delist Luna/BUSD and UST/BUSD since they are earning trading fees since a lot of new traders or FOMOed are coming to buy Luna and thinking it will be worth $1 but who knows right.
We just need to be patient and wait until they do their best to recover the Luna and UST.
Binance was not involved in LUNA cash IMO. Rather, they wanted to assist them to recover. Binance even communicated to them but LUNA team was not responding. Binance gave instances of such similar occurrences and how they were able to extend a helping hand. The understanding was that LUNA algorithm failed and when Binance communicated on the way forward, LUNA team did not respond to Binance, and I think that may have caused the delay in stopping immediate trading of LUNA and UST.
Binance and many other exchanges are SCAMEERS they are INVOLVED with LUNA SCAM
They didn't delist till it drop to ZERO even that they know LUNA devs was creating
more supply and dumping in their Platforms those platforms just trying to collect more
FEES and don't care about the investors
Actually this ia a big turn off. Binance delist it ans suddenly list it. Of course the tendency of traders is to buy and sell it and make some profits out of it. Truly dissapointing that they didnt delist it on the first few days of being exploited and niw they resume trading and back to pump and dump again. They didn't delist till it drop to ZERO even that they know LUNA devs was creating
more supply and dumping in their Platforms those platforms just trying to collect more
FEES and don't care about the investors
Binance and many other exchanges are SCAMEERS they are INVOLVED with LUNA SCAM
They didn't delist till it drop to ZERO even that they know LUNA devs was creating
more supply and dumping in their Platforms those platforms just trying to collect more
FEES and don't care about the investors
Maybe we can partly blame Binance because of their support but if we talk about the exit scam plan, the exchange is out of that which means that the direct receiver of the complaint must be the Luna developer and the team involved with this. It is for sure Bianca isn't aware of this situation until they see a continuous decline that caught their attention until such time the delisting of this coin happens. They didn't delist till it drop to ZERO even that they know LUNA devs was creating
more supply and dumping in their Platforms those platforms just trying to collect more
FEES and don't care about the investors
Maybe I miss something but never have I heard from Binance telling holders what they do with their coins inside. Maybe it wasn't frozen yet so they can still withdraw it and just hold it.
EDIT: just found it
https://markets.businessinsider.com/news/currencies/crypto-binance-terra-luna-suspends-trading-stablecoins-price-collapse-markets-2022-5
Always do your research and try to avoid FUD. De Kwoon has said they are releasing the bitcoin in the reserves and buying up the Luna though I don't know how true it is. But the damage is done already
You seem to post in detail when replying to certain posts but you remain silent on allegations made against you?
What are your opinions about the allegations made against you? https://bitcointalksearch.org/topic/alt-possibilities-for-4-high-rank-accounts-5394026
What about the PMs you received asking you for your input to clear your name?
If you can post around to hit your targets to receive your signature campaign fee you should be able to post in the thread that has allegations against you.
What are your opinions about the allegations made against you? https://bitcointalksearch.org/topic/alt-possibilities-for-4-high-rank-accounts-5394026
What about the PMs you received asking you for your input to clear your name?
If you can post around to hit your targets to receive your signature campaign fee you should be able to post in the thread that has allegations against you.
why should the exchange be responsible for the failure of the project. from the start they have only been a place to trade and the people who buy should know the risks when buying problematic coins. to blame is the development team itself. those who make this problem so big. no action has been taken since crash.
Basically the exchange is clearly not to blame because the exchange only provides the services and places needed by the coin or token so that traders can see it clearly and can make purchases on it. I think what you're saying is absolutely true because it's the project team who are to blame for putting the product on the market and not taking care of it very well.
there are several different opinions between the founders of TERRA (LUNA) and CZ which makes people confused about whether to hold or sell the LUNA Coin at this time, because it has a big risk, until now LUNA is still a trending topic of conversation in crypto groups and twitter
I think it's really important for crypto users to take a conscious stand. At various times, ''neutral'' positions are requested from exchanges. But when the going gets tough, it's not uncommon to want them to take proactive stances in defending their users. Taking self-responsibility and knowing the risks is the only way to navigate this sector.
Personally, I think the law of evolution of nature applies well to the industry. Evolution and improvement requires death. Only the strongest will survive in this stage of the market.
Personally, I think the law of evolution of nature applies well to the industry. Evolution and improvement requires death. Only the strongest will survive in this stage of the market.
Binance has a reason to not delist this from the exchange site. I think that you need to take a look at the fact again if the thing that makes it even worst is if luna team can halt the blockchain since it was centralized and they were not even doing it. This reminds me with what already said by kwon if he has not even taken any profit from the market but this is a big lie. Binance was trying to collecting the profit from the trading fees as much as they can and so this is happening.
The scalpers are in profit while believers of this project must cry as they will never see their money again and that's gone.
The scalpers are in profit while believers of this project must cry as they will never see their money again and that's gone.
In early days, the Terra team can handle the crisis better but their early solution to mint more LUNA makes the crisis worse for both UST and LUNA.
I don't know how did they think boosting total supply to the moon like that can help LUNA maintains its price and can help UST. Because of their terrible solution, both tokens went to the south.
The idea from CZ Binance is what we know, buy back and burn. Terra team can do this for long term perspective. If their project is alive, they can spend part of their income to pay for buy back and burn. What they need now is a plan, a transparent accounting on what's going on with their reserve, support from capital ventures to have fund for it. In return, there will be win win for all related parts.
If they can not do it, no future for UST and LUNA.
I don't know how did they think boosting total supply to the moon like that can help LUNA maintains its price and can help UST. Because of their terrible solution, both tokens went to the south.
The idea from CZ Binance is what we know, buy back and burn. Terra team can do this for long term perspective. If their project is alive, they can spend part of their income to pay for buy back and burn. What they need now is a plan, a transparent accounting on what's going on with their reserve, support from capital ventures to have fund for it. In return, there will be win win for all related parts.
If they can not do it, no future for UST and LUNA.
Binance and many other exchanges are SCAMEERS they are INVOLVED with LUNA SCAM
They didn't delist till it drop to ZERO even that they know LUNA devs was creating
more supply and dumping in their Platforms those platforms just trying to collect more
FEES and don't care about the investors
They didn't delist till it drop to ZERO even that they know LUNA devs was creating
more supply and dumping in their Platforms those platforms just trying to collect more
FEES and don't care about the investors
I don't think so! for me it's unfair why does it become the fault of Binance and other crypto exchanges, the fault was on the Terra Luna side because they are not competent enough to handle the situation at the very beginning that's why the UST stable coin and Luna have been collapsed, CZ the CEO of Binance suggest about it, where is the BTC reserve and why the Terra Luna team has not used it to buy Luna in the market to stabilize the price, its a good suggestion but they did not apply it. the mistake is on their part that's why they should be blamed and not the crypto exchanges.
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