Binance’s CEO shared his disappointment with how the Terra team has dealt with the collapse of its ecosystem in a number of Twitter posts.
Binance gets no response from Terra
Binance CEO Changpeng Zhao said the team behind the Terra network had little or no response to Binance’s request to help them restore the network.
“We have asked their team to restore the network, destroy the new LUNA tokens and restore the UST peg to the dollar,” he tweeted. “We have not received any positive response so far”
– Changpeng Zhao
The CEO compared Terra’s response to that of another crypto project called Axie Infinity. This project was hacked for $622 million in March 2021, but the Axie team took responsibility, according to Zhao.
“This is in stark contrast to Axie Infinity, where the team took responsibility, had a plan and was proactive communicated with us”, Changpeng Zhao added. “We then helped Axie Infinity.”