Luna

3AC Co-Founders: UST, Luna, and GBTC Trades Caused Fund Disputes
3AC Co-Founders: UST, Luna, and GBTC Trades Caused Fund Disputes

Founders of 3AC confirmed that Terra and GBTC trades destroyed the firm’s crypto fund. Co-founder Su Zhu admitted that 3AC failed to realize that Luna could fall to zero. The firm continued to borrow until their debt piled up to $3.5B, as per court filing. Three Arrow Capital (3AC) co-founders, Kyle Davies and Su Zhu, told Bloomberg that trades containing Grayscale Bitcoin Trust (GBTC), Terra’s luna (LUNA) and terraUSD (UST) tokens has caused to the disputes of the troubled crypto fund of the company. The SIngapore-based crypto hedge fund founders confirmed that the company lost almost $200 million due to

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South-Korean-prosecutors-raid-crypto-exchanges-amid-Luna-probe
South Korean Prosecutors Raid Exchanges Amid Luna Probe

Prosecutors on Monday raided the homes and offices of four cryptocurrency exchanges. A total of 15 places, including cryptocurrency exchanges and related offices, were searched. The two men, Do Kwon and Daniel Shin have denied any wrong doing. South Korean authorities carried out search and seizure operations at local cryptocurrency exchanges, as well as offices that are affiliated with the collapse of cryptocurrency Luna in May, seeking proof of illegal activity. The prosecutors on Monday raided the homes and offices of four cryptocurrency exchanges as part of an investigation into alleged fraud by the co-founders of blockchain platform Terraform labs.

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LUNA and UST Drama: Is Now the Right Time To Buy or Not?
Will $LUNC Hit $1 Soon? Some Are Convinced and Here’s Why

A crypto promoter tweets about the inevitable rise of $LUNC. The promoter says Terra Luna Classic (LUNC) will write history.  The Terra Luna community adds to the conversation with varied responses. A crypto and NFT promoter took to Twitter to announce the inevitable rise of $LUNC. That is, Terra Classic Luna (LUNC). It seems many loyal Terra Luna believers and holders are still expecting $LUNC to recover soon.  For the tweet above, we can see that the crypto and NFT promoter — Hailey, claims that $LUNC will go back up to $1. In fact, she says it is inevitable and

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Terra-LUNAUST-Core-Designers-Grounded-by-South-Korean-Authorities
Terra LUNA/UST Core Designers Grounded by South Korean Authorities

Terra’s main designers face a departure ban from South Korea.  The Republic of Korea is taking its LUNA and UST investigation very seriously.  South Korea pushed its 20% Bitcoin (BTC) tax to 2025. Reports say that South Korean authorities are putting a ban on LUNA/UST employees and developers from leaving the country. In detail, it seems that Terra’s main designers cannot leave South Korea.  As we can see from Blockworks’ tweet above, the news came from a JTBC article. In fact, the article goes on to explain the situation with Terra and the South Korean authorities. It is no secret

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LUNA-Crashes-as-Do-Kwon-Cashed-Out-$80M-in-April
LUNA Crashes as Do Kwon Cashed Out $80M in April

Reports said that Terraform Labs staff confessed to the SEC that Do Kwon cashed out $80 million in April. FatManTerra said it was not necessary Do Kwon who cashed out. LUNA 2.0 is in another free fall. The second iteration of LUNA appears to be in another free fall, as reports surfaced saying Do Kwon cashed out $80 million one month before the Terra 1.0 collapse in May. According to various sources, some Terraform Labs employees have confided to the US Securities and Exchange Commission (SEC). In detail, the employees said that Do Kwon took out over $80 million from

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LUNA-2.0-Nearing-All-Time-Low----Bounce-or-Demise
LUNA 2.0 Nearing All-Time Low—Bounce or Demise?

LUNA 2.0 is nearing its all-time low price and is currently trading at $4.08. Some LUNA hypers are beginning to lose hope. Meanwhile, India might charge a 30% tax to citizens who received LUNA airdrop. Terra’s new iteration of LUNA has been anticlimactic at best, as the current price is nearing its all-time low (ATL) price of $4.08. At the time of writing, LUNA 2.0 is changing hands at $4.93, as per CoinGecko. At the moment, LUNA is showing barely any signs of promise despite a huge portion of the airdrop being locked until further notice. As such, some people

2 mins read
New DEX To Burn LUNC, Fix Terra Ecosystem
New DEX To Burn LUNC, Fix Terra Ecosystem

Burning DEX aims to ultimately fix the Terra ecosystem. The trading platform will streamline the burning of LUNC tokens. There is no launching date announced yet, as well as the team that is behind the platform. It appears the Terra ecosystem is not entirely satisfied with Do Kwon’s LUNA 2.0 solution, as a new group of developers has come up with an alternative. Specifically, they have launched a new decentralized exchange (DEX) that vows to burn LUNC and ultimately fix the Terra ecosystem. Appropriately named Burning DEX, this decentralized trading platform will add a burning mechanism for LUNC token. For

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Will LUNA 2.0 Moon After Massive Exchange Support?
Luna 2.0 Smashes +70% Growth Rate, Gears To Hit Over $30 Soon?

LUNA 2.0 boosts market position to almost +70% in the last 24-hour The crypto will be listed on Binance soon LUNA 2.0 surges to almost $10 Controversial crypto-asset Terra (LUNA) 2.0 continues to take the crypto world by storm. This time, the crypto boosted its market position to almost +70% in the last 24-hours. Hence, the crypto trades at a bullish price of almost $10 per crypto with a 24-hour trading volume of over $340 million.  This made Ash WSB react in a tweet post, The post stated the amazing performance of LUNA, “ $LUNA 2.0 just hit $9.10”. The

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Terra (LUNA) Flips Binance Smart Chain for DeFi TVL
Terra LUNA, LUNC Top Weekly-Searched on Bybit

Crypto exchange Bybit revealed LUNA and LUNC are the most searched tokens last week. The third most searched is BTC, followed by GMT, GST, SOL, UST, FITFI, BNB, and ETH. LUNA2 USDT Perpetual Contract is now live on Bybit. The cryptocurrency exchange Bybit disclosed in a tweet the top 10 most searched tokens via its platform last week. Among the list, Terra’s LUNA and LUNC are the top 1 and 2 most searched tokens. As Terra proceeded to create its new chain, Bybit suspended withdrawals and trading for LUNA classic and UST on May 25. LUNA classic was renamed LUNA

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Will LUNA 2.0 Moon After Massive Exchange Support?
Will LUNA 2.0 Moon After Massive Exchange Support?

Terra will be creating LUNA 2.0 blockchain. Prominent crypto exchanges will be supporting the new LUNA. It remains to be seen whether LUNA 2.0 will moon. The embattled Terra ecosystem announced that it will be creating LUNA 2.0. This new cryptocurrency will have its genesis block on May 27. In the wake of this announcement, a large number of cryptocurrency exchanges announced that they will support LUNA 2.0. Topping the list are juggernauts Binance and FTX.  Other major exchanges also joined the list, including HitBTC, Huobi Global, Bitrue, Bitfinex, WhiteBIT, Bybit, and more. This overwhelming support from global crypto exchanges

1 min read
Korean-Exchanges-To-Be-Penalized-for-LUNA-Demise
Korean Exchanges To Be Penalized for LUNA Demise

South Korea will penalize cryptocurrency exchanges based in the country for damages to LUNA investors. Authorities also urged crypto exchanges to freeze funds held by LUNA Foundation Guard. Sources say the police have found evidence suggesting LFG is guilty of embezzlement. South Korea will be penalizing cryptocurrency exchanges based in the country over the collapse of LUNA and UST. According to various media sources, these exchanges will be liable for damages to LUNA investors. In addition, the Seoul Police Cybercrime Investigation Unit has reached out to exchanges, urging them to freeze funds held by LUNA Foundation Guard (LFG). This happened

1 min read
CZ Amid LUNA Crash: “Manage Your Risks. We Can Handle Ours”
CZ Amid LUNA Crash: “Manage Your Risks. We Can Handle Ours”

Binance’s LUNA investment that peaked at $1.6 billion is now worth less than $3,000. Showing how ‘diamond hands’ they are, Binance never sold its LUNA and UST amid Terra’s crash. Changpeng Zhao said people should manage their risks, as they can handle theirs. Binance CEO Changpeng Zhao, commonly known as CZ, responded to a post on Reddit via his Twitter to those people worrying about Binance’s LUNA investment.  The Reddit post is linked to an article that said Binance’s LUNA investment “peaked at $1.6 billion, now worth just $3,000.” In detail, Zhao responded to those people, saying that “even ‘big

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