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Binance CEO Changpeng Zhao (CZ) said that a special group representing his company has launched an investigation into the activities of the Terra cryptocurrency project. He noted that the special department will study the statements of the user Fatman, who said that the creator Do Kwon and many others are guilty of manipulation in order to bankrupt millions of investors.
The head of the trading platform assured that he needs to understand whether the claims of the anonymous user are justified. The fact is that the status publication Fortune referred to Fatman’s messages on social networks with accusations, attaching them to the interview of the head of the cryptocurrency platform. A critic of the product claimed that the developers of Terra manipulated the market by cooperating with major exchanges and venture capital funds. This was a consequence of people losing billions of dollars (USD).
FatMan accused the president of the Jump Capital organization, Kanawa Kariya, of the latter controlling a secret group that benefits from shadow operations in the cryptocurrency market. Then the user criticized the head of the FTX exchange Sam Bankman-Fried, assuring that he took part in the transaction with the decentralized platform Serum, which was also repeatedly used for insider operations and deceived millions of retail investors.
FatMan expressed confidence that the key developers of Terra, such as Do Kwon and others, will not compensate the affected investors, since illegal enrichment was their original plan.
Zhao said that such accusations are serious and his team is obliged to understand whether there was a real ground for such statements. For this purpose, he organized a special research group.
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