Cryptocurrency News

Kraken CEO defends listing LUNA 2.0: ‘Bitcoin traders don’t pay the bills’

06/01/2022

Less than a minute

2022.06.01 19:10

Kraken CEO defends listing LUNA 2.0: ‘Bitcoin traders don’t pay the bills’

The crypto winter has emotions running high. Kraken CEO Jesse Powell came under fire for his defense of listing the new LUNA, also known as LUNA 2.0, which seeks to bring the original LUNA — now known as Luna Classic (LUNC) — and TerraUSD — now known as TerraUSD Classic (USTC) — back from the dead.

Respected names in the crypto industry such as Nic Carter of Castle Ventures spoke out against the decision, while in a separate tweet thread, Powell lashed out at short-seller Jim Chanos, who had built a large short against Coinbase (NASDAQ:COIN), Kraken’s biggest competitor.

06/01/2022

Less than a minute

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