April 1, 2023

Russian Binance Users May Be Excluded from Terra 2.0 LUNA Airdrop

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Russian Binance Users May Be Excluded from Terra 2.0 LUNA Airdrop

The Binance cryptocurrency exchange announced support for the rebranding of the Terra network to the Terra Classic network and the Terra 2.0 LUNA airdrop program, however, Russian users of the exchange may be excluded from it.

Binance has stated that it will be distributing newLUNA coins among eligible user accounts in accordance with an approved distribution plan. The specific allocation ratio will be announced to exchange users at a later date.

However, US citizens, entities, and regionswho are under trade or economic sanctions will not be able to participate in the airdrop. The definition given by the exchange caused concern among LUNA coin holders from the Russian segment.

In particular, the answer to a request from English-language technical support about the possible participation of Russian citizens in the Terra 2.0 LUNA airdrop was negative. At the same time, the answer of the Russian-speaking support allowed the opposite.

Recall that over the past two months, Binance has blocked several accounts belonging to relatives of members of the Russian government.