Do Kwon denied allegations regarding the freezing of the $67 million fund. Terra’s founder continuously says he is not on the run from law enforcement. The “wanted” Terraform Labs founder, Do Kwon accepts full responsibility for Terra’s demise. In a recent interview, Do Kwon addressed the Terra collapse and the
The crypto market volume increased by over 447% in the last 24 hours. Huobi Token surged over 75% within the last 7 days. Following the prolonged bear market and the more than 70% of losses, currently, the global cryptocurrency market is witnessing some recovery. Early today, cryptocurrencies were trading in
The volunteer developer community now has its own Terra Rebels subReddit. Using this subReddit, members of the community may discuss and share their opinions. The Terra Classic (LUNC) price has increased by more than 8% after a drop on Tuesday, the same day that Terra Rebels released their official subReddit.
USTC is currently trading around $0.04028, which has increased by nearly 29.52% in the last 7 days. USTC reached around $0.06432 in 30 days, near its 90-day high value. Terra Classic USD (USTC), the algorithmic stablecoin of the Terra payment platform, is witnessing a massive price surge in the global
In conjunction with Kwon’s actions, police have also detained one close aide. Kwon is the subject of a “Red Notice” from Interpol, the international police agency. On Thursday, South Korean officials started the process of revoking the passport of Do Kwon, founder of Terraform Labs, whose firm was responsible for
According to the judge, Yoo returned even after an arrest order had been issued. Yoo faces many charges, including fraud, and breach of duty among a few. Earlier, it was claimed that the Head of General Affairs for Terra had been taken into custody. It has been claimed that the
Kwon has been given 14 days by the South Korean authorities to turn up his passport. Both the South Korean government and Interpol are looking for Kwon. Reportedly, Yoo Mo, Terra’s Head of General Affairs, has been detained by South Korean authorities. The first person to be apprehended in the
Terra Classic (LUNC) has increased more than 70% during the past week. LUNC is currently trading around $0.0003183. The Terra Classic (LUNC) witnessed a significant price surge in the past few days, following the recent announcement from the Binance exchange, regarding the Terra Classic burn mechanism. In the last week,
Terra blockchain had the LUNC community support during all its phases. Tweets with the #burnalot hashtag were over 45K in the last 24 hrs. Terra community has again stormed Twitter space with the hashtag #burnalot. The LUNC community supports the Terra ecosystem at all its phases. Earlier this week, the
KaJ Labs, the key creator of the Lithosphere blockchain, has pledged $50-$100M. In all, 6.6 billion LUNC tokens have been destroyed so far. The price of Terra Classic (LUNC) has increased from its 24-hour low of $0.00025 to its new high of $0.00029. That is a gain of over 10%.
