explanation ni Changpeng Zhao (CEO of Binance)

re: suspension of LUNA and UST

1. At #Binance we prioritize user protection. We made the decision to suspend LUNA and UST trading. Here's why.
i think tama pagkaintindi ko

sobra dami LUNA was created kaya bumagsak ang presyo

2. An exponential amount of new LUNA were minted due to flaws in the design of the Terra protocol. Their validators have suspended their entire network, resulting in no deposits or withdrawals possible to or from any exchange.
Binance suspended LUNA and UST to protect users

3. 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.
4. While #Binance always aims to be neutral, helpful and protective of all users and industry peers, and we typically refrain from commenting on other projects, I will break that rule this time.
5. I am very disappointed with how this UST/LUNA incident was handled (or not handled) by the Terra team. We requested their team to restore the network, burn the extra minted LUNA, and recover the UST peg. So far, we have not gotten any positive response, or much response at all