Billionaire and founder of crypto exchange Binance Changpeng Zhao wrote on Twitter that he is “poor again” after the collapse of crypto-token Luna, as Binance’s holdings in the crypto-asset, which were once worth $1.6 billion, are now worth about $2200, Business Insider writes.

Zhao is probably lying, though: he’s still a billionaire, and Binance is still the world’s largest cryptocurrency exchange.

As Zhao wrote, Binance, the world’s largest cryptocurrency exchange, owns 15 million LUNA tokens: it received the tokens in exchange for its $3 million investment in 2018 in the Terra network, on which the Luna currency is based. According to Zhao, its Luna tokens have never been moved or traded until now.

Binance’s Luna assets were worth $1.6 billion in early April, when the token was at its peak. But its recent crash has caused its value to fall to around $2200 this week. As of Thursday, the currency is trading at around $0.0001468.

The decline began when a related token, Terra USD, lost its peg to the dollar 2 weeks ago. The valuations of the two tokens are linked to each other. When the price of Terra USD fell, investors rushed to get rid of their assets in this token. The fall of Terra USD, in turn, caused the price of Luna to fall.

The free fall of the two tokens wiped out more than $50 billion of their value on paper.

On Monday, Zhao urged the Terra team to first reimburse its retail investors, and only then the Binance members themselves.

In fact, Zhao, 45, is definitely not broke: his net worth is about $14.8 billion as of Thursday, according to Bloomberg estimates. According to Forbes, much of his fortune is likely due to his approximate 70% stake in Binance.