Luna: Manage Your Risk, We can Handle Ours – Changpeng Zhao

According to Changpeng Zhao’s latest tweets on his Twitter account, all crypto investors should learn to focus on their risks. They should not compare themselves to big crypto investors as they can handle their risks. "Lots of people reassured by the fact that unlike in traditional finance, even 'big players' like CZ can end up being 'bag holders' in the crypto industry." 😂 Lesson: manage your risks. We can handle ours.https://t.co/Sm8SSNz0q1 — CZ 🔶 Binance (@cz_binance) May 17, 2022 Changpeng Zhao’s LUNA Investment Earlier today, Changpeng Zhao made a post on Twitter saying that “a lot of people are reassured by the fact that unlike in traditional finance, even ‘big players’ like CZ can end up being ‘bag holders’ in the crypto industry.” He went on to add that everyone should learn to manage their risks as big players can handle their risks. Changpeng Zhao made massive profits from Terra’s UST algorithmic stablecoin before it fell last week. He invested $3M in Luna and got 15M tokens. According to Changpeng Zhao, the tokens had a value of $1.6B at the height of Luna’s pricing in April. But they are currently worth $2,391. Regardless of his massive losses, he stated that they should compensate small investors who lost during Luna’s meltdown last week first. Last week, Terraform Labs’ algorithmic stablecoin UST plummeted to 13 cents. Luna was supposed to help the UST stablecoin maintain its dollar peg but crashed due to the d...