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TFL claimed that the airdrop receiver refused to return the funds, while the user claimed that he was on the verge of settlement with the firm when the former decided to run a smear campaign.
A community member initially accused by Terraform Labs(TFL) of allegedly refusing to return misallocated airdrops has responded.
While 2022 was a harbinger of big losses in value, 2023 has started in the limelight, let's see how the most interesting crypto such as Sweat Economy, ApeCoin, BNT (Bancor Network Token) and the ever-present Terra Luna (LUNC) are catching up
The price of Terra's Luna (LUNA) token has risen from $1.25 to $1.34 within the past four days. Following the collapse of FTX, LUNA's market capitalization fell from over $300 million to a little above $170 million, as of press time.
The Terra Luna price has barely shifted today, rising by 0.5% in the past 24 hours and reaching $1.33. This marks a 3% decline in a week and 20% fall in a month, with the altcoin settling into a bearish pattern that shows no obvious sign of ending in the near future.
The Terra (LUNA) price fell below a crucial horizontal support level and could drop to a new all-time low if it does not reclaim it soon. The post Terra (LUNA) Looks Set to Enter Bearish Price Discovery Mode appeared first on BeInCrypto.
A snapshot of the crypto market in early 2023
Key Points: Su Zhu, the founder of Three Arrows Capital (3AC), posted a thread on Twitter accusing the Digital Currency Group (DCG) and FTX of having liquidity problems. The founder, however, was instantly criticized by the cryptocurrency community for assigning blame and refusing to accept responsibility.
Bankrupt firm Three Arrows Capital's co-founder Zhu Su alleged that Digital Currency Group (DCG) and FTX conspired to attack Terra LUNA and staked Ethereum (stETH) in a January 3 Twitter thread. The post 3AC co-founder claims DCG and FTX colluded to attack Terra LUNA, stETH appeared first on CryptoSlate.
Seven months down the line, 3AC founder, Zhu Su, has come out openly to blame Digital Currency Group (DCG), the parent firm behind Grayscale Investments and Genesis Trading, for the collapse of Terra. Last year saw some of the most dramatic collapses in the history of cryptocurrencies.
The 3AC founder fired off allegations against the Digital Currency Group, saying that it conspired with FTX to attack LUNA.
3AC co-founder Su Zhu alleged on Twitter that DCG and FTX conspired to attack LUNA and stETH. He accused them of engaging in misdirection.
The year 2022 has been one of the most challenging years for the global markets, especially cryptocurrencies. The crypto world had several unfavorable events like bankruptcy where major companies such as FTX, Three Arrows Capital, Genesis, and Voyager saw their downfall after Terra (LUNA) collapsed in May 2022.
There's no doubt that 2022 was a tough year for crypto. It might have started with the hangover of 2021's bull market but was engulfed by Terra's crash and the collapse of FTX.
While other entities within crypto come and go, Bitcoin is a constant, and its appeal is much the same as it was when it started.
Terra-Luna and FTX's demise had tremendous impact on the virtual assets sector since numerous firms were dependent on them.
To conclude, three of the biggest crypto crashes in 2022 were LUNA, FTT and SGB. While the first two digital assets seem to have slim chances of recovery, SGB may recuperate in January 2023.
The first holiday round ends and the last week of the year starts off with little movement
The crypto market has experienced a lot in 2022: war in Europe, record-high inflation in the US, the demise of Terra and FTX, a great deal of job loss, and sharp price declines.
Despite the fact that broader cryptocurrency markets are flatlining into the year's end amid low volumes, with many traders and big market players taking holidays, LUNC is seeing a pump. LUNC is the cryptocurrency that powers the still functioning original version of the Terra blockchain and was last trading higher by about 25% on the week just to the north of the $0.00018 level. The cryptocurrency's near-term technical outlook recently took a turn for the better and, as a result, price predictions are becoming more bullish.
Terra Luna Classic (LUNC) is the best performer in the past 24 hours, up around 15%. Ripple's XRP also gained over 5%, while Bitcoin is aimed at $17K.
Catch up on the latest crypto market news at The Currency Analytics.
Terra Luna Classic (LUNC)price has fallen by 40% since the FTX filed for bankruptcy in early November.
The price of Terra Luna (LUNA) token has fallen from $1.63 to $1.23 within a week, showing a significant fall of 25%. In fact, LUNA's price has fallen by 50% since the time the now-bankrupt cryptocurrency exchange FTX collapsed in early November.
