[CZ Claims No Sale of Holdings Before LUNA Crash, Refused to Cash Out $1.6 Billion in Profits, Still Holds Some Related Tokens] Odaily Planet Daily News: CZ reflected on the Terra incident in 'Binance Life,' stating that Binance invested approximately $3 million in Terra back in 2018 and received LUNA tokens, which at one point had a book value of about $1.6 billion before the crash. He mentioned that prior to the sharp price fluctuations of LUNA in 2022, the team had discussed whether to reduce holdings but ultimately decided not to sell. On one hand, they were concerned that concentrated selling would exacerbate market panic; on the other hand, a large-scale exit would require a longer execution time, and the market had already entered a rapid downward phase at that time. Additionally, he expressed that he did not want the public to perceive the platform as 'exiting before retail investors.' Currently, some related tokens are still being held.