Several cryptocurrency exchanges have signaled support for Terra 2.0 and the resurgent LUNA token.

For the plan proposed by Do Kwon, Terraform Labs’ co-founder and CEO, approvers gave 65.5% of the vote.

The platforms announced that they are ready to list the new LUNA token hubby, Bitfinex, bitrueGate.io and DeFi protocol hexagon trust.

Kwon also retweeted an FTX post that the site team later deleted.

At the same time, he denied the message about contacts with South Korean crypto platforms regarding support for the new token.

Yes no I didn’t https://t.co/4fDO5dLoeI

— Do Kwon (@stablekwon) 25 May 2022

However, industry journalist Colin Wu has announced that Upbit will support the “LUNA2” airdrop.

Exchanges have begun to express their positions on the upcoming Terra 2.0 plan. Upbit, the largest exchange in South Korea, said it supports the LUNA2 airdrop to those who own LUNC on Upbit. However, supporting airdrops does not mean supporting LUNA2 transactions. https://t.co/WGerd6nB8I

— Wu Blockchain (@WuBlockchain) 26 May 2022

In the background of the news, the prices of the algorithmic stablecoin TerraUSD (UST) rose more than 40% in one day. “Stablecoin” price approached $0.1.

Binance said it is “working closely” with the Terra team to provide “the best possible recovery approach” to affected users.

The Terra community just voted for the ‘Rebirth Terra Network’.

We are working closely with the Terra team on the recovery plan aimed at providing the best possible treatment to users affected by Binance. Stay tuned for more updates.

— Binance (@binance) 25 May 2022

May 26, 2022 | 16:39Update:

Representatives of the exchange previously suggested that, first of all, they consider the interests of small investors affected by the collapse of the UST algorithmic stablecoin and the associated LUNA token.

Recall that Ethereum co-founder Vitalik Buterin also called for priority holdings in Terra assets while recouping losses.