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The U.S. Securities and Exchange Commission (SEC) has alleged that Terra founder Do Kwon transferred 10,000 Bitcoin (BTC), currently worth about a quarter of a billion dollars, as the LUNA ecosystem was collapsing in May of last year.
Our analysis shows that Terra LUNA classic price has been trading sideways for months. A break above 200-day MA can be very bullish.
The U.S. Securities and Exchange Commission (SEC) is charging the founder of embattled stablecoin issuer Terra (LUNA) with defrauding investors in “crypto schemes.
Terra (LUNA) and Terra Classic (LUNC) prices witnessed a sudden fall after the Securities and Exchange Commission (SEC) on Friday filed a lawsuit against Do Kwon, Terraform Labs, and affiliates. It indicates that Do Kwon still has influence over LUNA, as well as LUNC.
The price of Terra Luna Classic (LUNC) rose to $0.0001698 at press time as the cryptocurrency market recovered from recent losses. This price marked a 9% drop in the past week and a 6.5% decline in the last 30 days.
The price of Terra Luna (LUNA) has remained stagnant over the past seven days, before reaching $2. However, the coin was trading at $1.90 at press time, and was barely struggling to keep above the $2.0 price mark.
Terraform Labs and co-founder Do Kwon have been charged with fraud by the U.S. Securities and Exchange Commission (SEC).
According to Delphi Lab's general counsel against Terra Luna, the SEC has put up such a tough act that it has raised suspicions in the crypto world.
Terra-related tokens lost an average of 5% in the last 24 hours following the United States Securities and Exchange Commission's (SEC) charges against Terraform Labs and Do Kwon, according to CryptoSlate's data.
The terra luna classic price has fallen to $0.00016791, with its 4.5% drop today following the news that the SEC is charging Terraform Labs and CEO Do Kwon "with orchestrating a multi-billion dollar crypto asset securities fraud." LUNC remains up by 4.5% in the past week, but is down by 4% in the last 30 days, amid a turbulent time for the market as a whole.
Former cryptocurrency kingpin Do Kwon has been charged with orchestrating a multibillion-dollar crypto asset securities fraud by the US Securities and Exchange Commission (SEC). South Korean native Kwon spearheaded Terraform Labs, the Singapore-based developer of failed stablecoin Terra USD and sister coin LUNA, both of which saw a stunning US$40bn collapse in May 2022.
As the U.S. Securities and Exchange Commission (SEC) continues to tighten its grip over the crypto space, the latest bait for the securities regulator is Terra LUNA creator Do Kwon. Last May 2022, the Terra ecosystem witnessed a major crash eroding more than $40 billion worth of investors' wealth.
The implosion of Terra (LUNA) was one of the devastating events in the crypto space last year. Investors lost most of their funds worth billions of dollars, and other crypto asset prices plunged drastically.
South Korean prosecutors investigating the Terra-LUNA collapse have reportedly applied for an arrest warrant against the former CEO of e-commerce company Tmon.
South Korean prosecutors have recently requested an arrest warrant for a former CEO of Tmon, a popular e-commerce platform, and a broker, in connection to bribery charges involving Terra, previously known as Luna (CRYPTO: LUNA), and now Terra Classic, (CRYPTO: LUNC). What Happened: The prosecutor's office for the Seoul Southern District, specifically the head of the financial and securities joint investigation team, called for the arrest of former CEO, "Mr.
TMON's previous boss supposedly accepted bribes in LUNA to make the token a payment method on the e-commerce platform.
The former CEO of Tmon, an e-commerce platform, has allegedly earned billions of South Korean won after selling the LUNA tokens he had received from Terra co-founder Shin Hyun-Seong for promotions.
The saga between Terra-Luna, its founder Do-Kwon and South Korean prosecutors looks like a never ending one. It all started in May 2022 when the Luna crypto network collapsed after which nearly $60 billion got wiped out, shaking the entire crypto industry.
Terra luna classic has risen to $0.00016897 today, capping a 1% rise in the past 24 hours, as the cryptocurrency market recovers from recent losses. This price marks a 9% drop in the past week and a 6.5% decline in the last 30 days, as LUNC teeters between recovery and relapse.
South Korea's prosecutors investigating the Terra-LUNA crisis filed an arrest warrant against a former CEO of e-commerce giant TMON on Wednesday. Prosecutors said the former TMON CEO accepted bribes in Terra (LUNA) worth billions in South Korean won to introduce LUNA as a payment method on the e-commerce platform.
Our analysis shows that Terra LUNA Classic price is ranging between $0.000135 and $0.000206 levels. LUNC price is supported by upwards trendline.
The terra luna classic price has dropped by 3.5% in the past 24 hours, as part of a marketwide fall caused by speculation regarding the SEC acting against Paxos and the BUSD stablecoin. At $0.00016228, LUNC is also down by 10% in a week and by 8.5% in the last 30 days, with the altcoin seeing its market cap fall below $1 billion over the weekend.
The price of Terra Luna (LUNA) fell in the last week, from $2.3 to $1.84 at the time of writing, showing a drop of 25%. Earlier, the coin was barely struggling to keep above the $2.0 price mark.
The price of Terra Luna Classic (LUNC) has dropped by 11% within the past 24 hours, amid a week of losses for the cryptocurrency market as a whole. Sitting at $0.0001673 at press time, it lost over 22% of its value in a week.
