Binance Founder Says He's Poor Again After Luna Crash

Changpeng Zhao, the founder of cryptocurrency exchange Binance, tweeted a few days ago that he was “poor again” after losing billions of dollars in cryptocurrency following a market crash, which wiped out the fortunes of many investors.

Despite the crash and the fall in the price of Luna, Chanpeng Zhao has a net worth of around $14.9 billion

The exchange's assets in the cryptocurrency Luna fell to just $2,200 from $1.6 billion, at the token's peak price, a month before. 

In a tweet, Zhao claimed that Binance held 15 million Luna tokens, which the exchange had obtained in exchange for a $3 million investment in the Terra network, which Luna is founded on.

The Luna tokens were “never moved or sold,” he added.