Binance UST Staking News

Binance’s $1.6 Billion LUNA investment is now worth just $3,000

Crypto exchange Binance is said to have made paper gains of over $1.6 billion from its LUNA investment. However, since the token’s crash, the current value of that investment is a meagre $3,000. In a tweet this week, Changpeng Zhao, or CZ, CEO of Binance, confirmed that the exchange was holding 15 million LUNA tokens as an investment, which gave them 560x return at its peak just few months back. CZ confirmed that the investment still sits on a publicly identifiable address.