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Swiss prosecutors have seized about $26 million in digital assets and U.S. dollars belonging to Terraform Labs (TFL) imprisoned co-founder Do Kwon.

Terra Luna Classic proposes liquid staking derivatives with Quicksilver network

Crypto Market News: Following a Terra Luna Classic joint governance proposal on liquid staking derivatives, a separate team is now proposing to have a six member team of senior full stack engineers for the next quarter. Claiming to be ‘passionate LUNC holders', the Terra Allies senior engineering full stack team, also called the Six Samurai,

Terra Classic Price Analysis: Luna Classic is making the noise again in the crypto charts, with a 2.57% after long days of hibernation. LUNC prices jumping from the $0.000086 support zone displays a double-bottom reversal in the daily chart.

Terra Luna Classic developers submitted a joint governance proposal seeking the support of the community and validators on allowing multiple interchain account (ICA) host message types for QuickSilver. The Terra Luna Classic community is actively trying to get LUNC listed for the Quicksilver Protocol.

While the cryptocurrency industry offers lucrative opportunities, not all cryptocurrencies are ideal for trading at all times. To assist traders and investors in making informed decisions, indicators such as price action, recent developments, and crypto rating platforms have been utilized to identify cryptocurrencies that may be wise to avoid in the near future.

A Montenegro court has accepted a bail payment on behalf of Do Kwon, the disgraced crypto executive behind fallen digital currency firm Terraform Labs. The company established the crumbled algorithmic stable currency known as Terra USD.

LUNC News: Terra Luna Classic core developer teams set things straight to move forward with Terra Classic ecosystem revival. The Joint L1 Task Force and RedlinerDrifter-led Quant developer teams have decided to proceed with TerraClassicUSD (USTC) repeg to revive USTC to $1, which will indirectly help boost LUNC price to the community's target of $1.

The founder and former CEO of Terraform Labs, Do Kwon, and the former chief financial officer of Terra, Han Chang-joon, have been convicted of passport forgery.

Terra Luna Classic core developer Joint L1 Task Force (L1TF) submits a proposal to create a community-owned wallet, which will be managed by the Terra Luna Classic community through governance. The developer group suggests establishing an L2 team to manage the community-owned wallet, working closely with the L1TF.

Do Kwon – the disgraced crypto executive behind the Luna token and Terra USD – has pleaded not guilty to fraud and other crimes after he was arrested in the European nation of Montenegro last month while holding three phony passports.

Terra Luna Classic core developer Joint L1 Task Force (L1TF) submits a revised proposal to continue developments and maintenance of the network in Q3. Primarily, the L1TF developer group plans to enhance and expedite LUNC and USTC supply reduction by utilizing the market module.

Luna Classic's long term bearish bias has seen LUNC struggle to find a stable support level.

Do Kwon, the founder of Terraform Labs, has cast doubt on allegations of using a counterfeit passport, suggesting that a third-party Chinese agency might be behind the alleged forgery. Emerging from a Montenegrin court, Kwon maintains his innocence, stating that he was unaware of the documents falsification and had no reason to question its legitimacy, given his history of travel with his Costa Rican passport.

On Monday, a Montenegro court sentenced the disgraced Terra (LUNA) founder Do Kwon to four months in prison for attempting to travel with a forged passport. Kwon was first arrested in late March after trying to board a flight to the United Arab Emirates (UAE) with a Costa Rican passport, which authorities claimed was forged.

Terra Classic Price Analysis: Amid the increasing uncertainty in the crypto market, the LUNC price continues to coil and trades in a narrow range. The daily candle has showcased price rejection on both sides indicating the indecisiveness among market participants.

Terra Luna Classic core developer Joint L1 Task Force (L1TF) finally decided to work on the USTC repeg to revive TerraClassicUSD (USTC) price to $1. As revealed earlier by the developer group, the L1TF team will work with the RedlineDrifter-led USTC repeg team after the v2.1.1 parity upgrade to bring attention to USTC stablecoin.

A Montenegro court has sentenced Terraform Labs co-founder Do Kwon and a former executive to four months for forging official documents.

The founder of Terra Luna, who had vanished into thin air, was recently apprehended and jailed. Why did Terra crash?

Terraform Labs founder Do Kwon has been sentenced to four months in prison by a Montenegro court for using a false passport.

Do Kwon, the creator of TerraUSD – LUNA, has been sentenced to four months in the slammer in Montenegro, according to multiple reports. Kwon's attempt to create an algorithmic stablecoin TerraUSD has been cited as a huge catalyst in the crypto collapse of 2022.

A court in Montenegro has found Do Kwon guilty of document forgery and has sentenced him to jail. Kwon will remain in custody longer pending the country's response to an extradition request.

According to a Reuters report, Crypto entrepreneur Do Kwon, the former CEO of Terraform Labs, has been sentenced to four months in prison by a court in Montenegro for allegedly using forged passports. Crypto Mogul Faces Jail Time For Passport Forgery Kwon, who is charged with multibillion-dollar fraud in the United States and is wanted by South Korean authorities on similar charges, was detained in March along with Han Chang-Joon, the former finance officer of Terraform Labs, as they attempted to board a flight to Dubai at the airport in Montenegro's capital, Podgorica.

The Terraform founder Do Kwon, facing eight count charges in the United States for the ecosystem crash, recently denied two allegations against him. Do Kwon was accused of traveling with forged documents and sending financial donations to a former Montenegro minister.