On Thursday, local prosecutors in Seoul allegedly had their plea to freeze roughly 140 billion won ($104 million) in assets belonging to Terraform Labs co-founder Shin Hyun-seung, or Daniel Shin, accepted by the Seoul Southern District Court. To safeguard against a defendant using illegal funds for personal gain before trial,
S. Korean authorities have conducted a search warrant at the headquarters of Chai Corporation. A payments technology firm created by Terra co-founder Daniel Shin. On Tuesday, prosecutors for Seoul Southern District in South Korea confirmed the raid. There have been rumors that the company’s debut of its Terra payment services
In order to give complete transparency regarding assets and attempts to repeg TerraUSD (UST), the nonprofit organization Luna Foundation Guard (LFG) that manages the UST algorithmic stablecoin issued a technical audit. LFG seeks to address all claims involving misused money, insiders, holdings cash in other wallets, and monies blocked. A
LUNC failed to support the algorithmic stablecoin (USTC) to peg the $ 1 value. The accusation of “price manipulation” is backed by the message conversation. Terra’s co-founder Do-Kwon is constantly under the radar of many international agencies since the historical fall of the cryptocurrencies, LUNA (now LUNC), and USTC. Both
The first-person shooter LUNC game is now available on Unity Play. Every Terra Classic token distributed as a prize will have 0.2% tax burn applied. Drexel University Associate Professor of Computer Science and Terra Rebels co-founder and primary LUNC developer Edward Kim has released a first-person shooter (FPS) for the
The class action complaint claims Kwon and his colleagues lied to investors. South Korean officials reportedly filed an arrest order for him in September. Investors who lost roughly $57 million in the UST de-pegging incident have launched a lawsuit against Terraform Labs’ founder, Do Kwon. The class action complaint claims
Seo-joon is said to have “anxiety” and “panic disorder” in the letter. The former head of Bithumb had announced his retirement from the company. After being called as a witness by the Korean National Assembly’s Political Affairs Committee on Monday, Kim Seo-joon, CEO of venture capital company Hashed and an
Week after week, Binance LUNC burns have decreased. Terra Rebels has now opened an official YouTube channel. Over 1.34 billion Terra Classic (LUNC) tokens were burned in the fourth batch of Binance’s burn mechanism. Nearly 12.5 billion LUNC tokens have been delivered to the burn address by Binance as of
The organization has created a dedicated YouTube channel recently. Edward Kim has included a video outlining how to create and operate a validator. The Terra Classic Revival Roadmap was created by the Terra Rebels. A volunteer organization with the goal of enlightening the LUNC community about the Terra Classic blockchain.
There is a Change.org petition circulating to get LUNC included on Robinhood. Nearly 13,000 people responded to the tweet. Stock and cryptocurrency trading platform Robinhood conducted a twitter poll on which cryptocurrency should be added to the platform next. LUNC was requested to be included by the Terra Classic community,
