OKX Delists Terra’s LUNA and UST Citing User Protection


In explaining the reasons for Binance’s suspension, Zhao initially tweeted that “an exponential amount of new LUNA were minted due to flaws in the design of the Terra protocol. Some of our users, unaware of the large amounts of newly minted LUNA outside the exchange, started to buy LUNA again, without understanding that as soon as deposits are allowed, the price will likely crash further. Due to these significant risks, we suspended trading.”

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