All assets that are listed on NDAX have to go through product due diligence and our coin listing process.
With LUNA, it was difficult to see what happened with that token. At one point it was really one of the most popular tokens across the globe. If you look at Coinbase, which in my opinion has the most comprehensive due diligence process for listing tokens, they also passed LUNA to be able to be listed on that platform.
It is part of our responsibility to ensure that tokens that are listed on our platform are vetted enough that we're comfortable having them on the platform.
As far as the LUNA debacle is concerned, it was really tied to the UST stablecoin, the sister token of LUNA. The depegging of that algorithmic stablecoin had the foundation that runs LUNA and UST to sell massive amounts of Bitcoin and LUNA tokens, and then mint more LUNA tokens, thus devaluating that asset.
If we could look back and identify that relationship and if we could have foreseen that the foundation was going to take those steps to repeg the algorithmic stablecoin, we wouldn't have listed that asset, but like with most global platforms and Canadian platforms, the token was listed.
We need to learn from it and we need to take responsibility for any token that's listed.