The Prosecutor’s Office had asked the Seoul Southern District Court to detain Shin Hyun-seung, a co-founder of the defunct firm Terraform Labs, in pre-trial custody, but the court denied the motion. According to reports, he was instrumental in the downfall of the firm’s crypto assets, including Luna and the stablecoin
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
An unexpected turn was revealed in Sam Bankman-Fried’s FTX disaster despite U.S. representatives summoning SBF to testify at a hearing on December 13, the House Committee on Financial Services. Federal prosecutors and the Securities and Exchange Commission (SEC) opened an investigation into whether the former FTX CEO manipulated the market’s
Over recent months, the South Korean government has been monitoring the activities of the Terrafarms Labs, CEO – Do Kwon. In mid May, the entire Terra community crashed and faced a terrible issue affecting the investors and the users. Following the South Korean authorities was seeking to arrest Do Kwon
More cases filed against Terra founder Do Kwon and he denies such allegations. BTC and crypto assets worth $39 million frozen. With the entire empire completely crumbling down, continuous reports and cases have been filed against the Terra founder Do Kwon. The downfall of the LUNA, and UST has completely
FTX will suspend deposits and withdrawals of LUNC and USTC. The exchange will also stop its support for Anchor Protocol (ANC) token. According to the recent announcement from the prominent cryptocurrency exchange, FTX, the deposits and withdrawals of Terra Classic (LUNC) and TerraClassicUSD (USTC) will be halted by the platform
LUNC experienced a sudden downfall, registering an 11.76% fall in the past 24 hours. Terra Classic (LUNC) is currently trading around $0.000238. The Terra Classic (LUNC) witnessed a massive surge during the past few days. Recently, LUNC’s value skyrocketed and it registered a nearly 62% increase in a day. The
Terra Classic (LUNC) price has spiked over 80% in just one day. With a notable surge, LUNC’s market capitalization rose by over $1.2B. High-Tech developments by the community are the reason for this remarkable surge. As the entire market is aware about the Terra original LUNA crash, all its users
In a recent interview, Terra co-founder Do Kwon expressed his “devastation” in the LUNA collapse which made thousands of investors impacted by the crash. JUST IN: #Terra founder Do Kwon says in an interview that he has been 'devastated' by the $LUNA collapse. — Watcher.Guru (@WatcherGuru) June 23, 2022 The
An unknown wallet holding 20M LUNA is accounted to be Kwon’s. Terra Revival Plan voting poll seems to have been compromised. The allegations on Do Kwon seem to be never-ending, $80M transfer to a secret wallet, $2.7B cash out, blockchain halt planning, stablecoin recursion, and much more. The recent clarification
