Fri, November 22

Avalanche to Buy Back 1.97M AVAX from Luna Foundation Guard

The Avalanche Foundation has successfully negotiated an agreement to repurchase 1.97 million AVAX tokens from the Luna Foundation Guard (LFG). This repurchase is significant, as it aims to reclaim tokens that were originally sold to LFG in April 2022. However, the deal is currently pending approval from the bankruptcy court

October 12, 2024 2 mins read

Terraform Labs Announces Bankruptcy Confirmation Hearing Date

Terraform Labs, the company behind the troubled TerraUSD stablecoin, is progressing through its Chapter 11 bankruptcy proceedings. The U.S. Bankruptcy Court has set a “confirmation hearing” for September 19, 2024, to evaluate the company’s proposed restructuring and liquidation plans for Terraform Labs Pte Ltd. and Terraform Labs Limited. On August

August 21, 2024 2 mins read

Terraform Labs Linked LFG Announces Moving Assets Post SEC Settlement

The Luna Foundation Guard (LFG) announced the movement of its crypto holdings to a direct custody solution, citing “safety” measures. LFG is the non-profit organization of Terraform Labs, the firm that recently made a settlement in a legal battle with the SEC.  Terraform Labs and its founder Do Kwon were

June 25, 2024 2 mins read

SEC Reports that Montenegro’s PM Milojko Spajic is a Terra Token (LUNA) Early Investor

The prime minister of Montenegro, Milojko Spajic, is in a controversy over his prior investment in Terraform Labs, a collapsed crypto firm founded by Kwon Do-hyung. Imprisoned in Montenegro in connection with the 2022 collapse of the company’s cryptocurrencies. Vijesti, the Montenegrin newspaper, reports a data sheet submitted to the

June 19, 2024 2 mins read

Huge Transfers Witnessed from Luna Foundation Guard, Eyes Enhanced Security

The Luna Foundation Guard (LFG) address had a fund transfer of a substantial amount of digital assets. Around 1.974 million AVAX, approximately worth $71.2 million, and 39,499 BNB worth $23.5 million, were moved to an unknown address. Additionally, an insignificant amount of transfers were also recorded on the platform, as

May 31, 2024 2 mins read

Terra Classic Tokens LUNC and USTC Surge Rapidly, What Sparked the Rally?

TerraClassicUSD (USTC) stablecoin has displayed a striking upswing, surging over 276% in the last 24 hours, triggering renewed optimism within the Terra Classic (LUNC) community and marking a significant moment for the digital asset. This unexpected rally follows a quiet pullback period, with both USTC and LUNC prices witnessing significant

November 27, 2023 2 mins read

These 5 Cryptocurrencies Crash Down to New All-Time Lows

Last week, the global crypto market staged one of the wild altcoins’ bloodbaths since the Terra Luna collapse in 2022. The ongoing ‘SEC vs Crypto’ predominantly initiated this crypto crash. Numerous cryptocurrencies have plunged to the bottom, hitting new all-time lows (ATL) on Saturday. After being tagged as securities, ADA,

June 12, 2023 4 mins read

South Korean Court Says Terraform Labs’ Luna Token Not a Security

The decision by a South Korean district court that Terraform Labs’ native token, luna, is not a security has significant implications for the company and the wider cryptocurrency industry. The ruling comes after previous court discussions where authorities were on the fence about whether the Capital Markets Act applied to

April 24, 2023 2 mins read

Terraport Launches its DeFi Platform Amid Do Kwon Arrest

Terra Classic (LUNC) DeFi platform, Terraport launched after several months of anticipation. The platform is built by the TerraCVitta development group. Terra classic offers LUNC-based Decentralised Exchange (DEX) and a launchpad for Terra Classic Ecosystem. Terraport announced the launch of Terra Classic on its Twitter page on March 31. The

April 1, 2023 2 mins read

Terra Classic (LUNC) Price Spikes Over 9.5% in a Day

The price of Tera Classic (LUNC), the original chain of the collapsed Terra (LUNA) ecosystem, surged dramatically as the global cryptocurrency market witnessed a bullish trend. At the time of writing, LUNC soared over 9.5% in the last 24 hours and is still being supported by buying signal.  The year

February 4, 2023 2 mins read