Binance CEO Changpeng Zhao (CZ) has revealed that he doesn’t believe Do Kwon’s plan to save LUNA will succeed after the Terra co-founder announced his proposal to [convert LUNA to a new version]( for revival ecosystem on May 13.

>*“This is not going to work. Forking does not bring any value to the new fork. That is wishful thinking. It is not possible to invalidate all transactions that rely on an old snapshot, both on-chain and off-chain.”*


[CZ commented on Do Kwon’s plan to “revive” Terra \(LUNA\)](

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