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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.
The exchange completes its second round of token distribution, rising 7%
Terra co-founder Do Kwon is on a run after the Terra-LUNA crisis in May. South Korean prosecutors investigating the Terra-LUNA crisis have tracked Do Kwon in Serbia.
Do Kwon cashed out 9.64 Bitcoins ($120,000) from LFG after fleeing to Serbia, according to report by local media outlet
Leading cryptocurrency Exchange Binance has announced it completed the distribution Terra's ($LUNA) second airdrop to eligible users who held Terra Classic ($LUNC) and TerraClassicUSD ($USTC) at the time of the snapshots both before and after the collapse of the Terra ecosystem in May.
A falling wedge pattern governs the ongoing downfall in LUNC coin price. the coni price has respected this pattern's level multiple times, indicating that it may also respect the potential target, A Bullish breakout from the pattern's resistance, and will provide an entry opportunity for traders Key points: The wedge pattern breakout may set LUNC The post Will This Pattern Bring Recovery Cyle Back To Terra Luna Classic?
The Terra Luna Classic price has risen by 5% in the past 24 hours, reaching $0.00013703 as the wider cryptocurrency market barely budges in the same period. At one point today LUNC was up by as much as 7.7%, although its current price still means it's down by 17% in a week and by 10% in a month.
2022 is coming to an end and during the last 12 months, the crypto economy has lost roughly $1.486 trillion in value against the U.S. dollar. On Dec.
CORZ stock is being squashed after Core Scientific has filed for Chapter 11 bankruptcy. The company says it will continue operations.
The Korean authorities have frozen $61 million supposedly belonging to Kernel Labs' current CEO and $32 million owned by the previous boss.
The Seoul Southern District court in South Korea ruled that prosecutors could freeze the assets of seven parties with links to Terra/Luna. The post South Korean Prosecutors Still Chasing Terra Luna Funds, Freezing $93M From Known Associates appeared first on BeInCrypto.
The Seoul Southern District Court froze 120 billion won — equivalent to $92 million as of press time — owned by former and incumbent CEOs of Terraform Labs' affiliate firm Kernel Labs. The Korea Economic Daily reported on Dec.
Six months after the collapse of Terra Luna, South Korean authorities are still investigating the incident. Today, a South Korean court has frozen $92 million in assets related to Terra tokens.
As per the Seoul Southern District Court, one of those taking the biggest advantage of Terra and speculating on sales was Kernel Labs CEO Kim Hyun-Joong. According to the reports from the authorities, Kim has illegally gained at least 79 billion won ($61 million).
Seven persons including Do Kwon generated around $92 million from selling pre-issued Terra tokens, prosecutors filing for the asset freeze told the court.
South Korean authorities have frozen 120 Billion Won ($92 million) worth of assets from the executives of Kernel Labs, an affiliate of Terraform Labs, The Korea Economics Daily reported. According to local reports, The Seoul Southern District Court accepted the prosecution's request to freeze the property of early investors in Do Kwon's Terra LUNA.
On 19 December, Twitter user Asobs revealed a major update regarding the Terra Classic [LUNC] ecosystem. The update reveal made LUNC a hot topic of discussion once again.
The CEO of Terraform Labs' affiliate firm Kernel Labs reportedly held the largest amount in illegal proceeds from Terra.
It's been a chaotic year in crypto—through it out all, a single and brutal narrative thread has stood out.
Citadel and FTX aren't as different as Ken Griffin would like investors to believe. The two even shared a key player.
The crypto space is used to undertake notable swings during the weekend and as expected, most of the cryptos dragged a massive leg down. Bitcoin price sliced through the lower support and marked new lows for the month at around $16,500 which dragged the entire crypto space down.
Catch up on the latest crypto market news at The Currency Analytics. Terra is fueled by a passionate community.
The crypto analyst known for accurately calling the last major market collapse is issuing another series of warnings, including one about an Ethereum (ETH)-based altcoin.
In the wake of the FTX meltdown, investors are asking serious questions about the long-term future of Binance.
