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The Luna Foundation Guard (LFG), associated with Terraform Labs (TFL), recently transferred its crypto holdings to a direct custody solution following a significant settlement with the U.S. SEC. This move has raised questions about the foundation's financial strategies.
The Terra Luna Classic (LUNC) price appreciated by 9% after being delisted by a Turkish cryptocurrency exchange BtcTurk. The exchange delisted LUNC after a hack that saw about 434 billion tokens lost in the process.
LUNC News: The Terra Luna Classic community rejected a highly debated proposal to increase the validators set to 130 on the blockchain. The move comes after Terraform Labs and Do Kwon agreed to settle with the U.S. SEC for $4.5 billion.
Terra Luna Classic saw over 6.5 billion LUNC burned in the last 24 hours as large wallets are selling LUNC tokens, raising concerns in the community. The move comes after Terraform Labs CEO Chris Amani confirmed yesterday to burn LUNC and USTC they hold in their TFL and LFG wallets.
The Terra Classic (LUNC) price is creating a buzz. Could it reach the $1 mark next month?
Milojko Spajic, Prime Minister of Montenegro, was revealed as an early investor in Terraform Labs, co-founded by Kwon Do-hyung (Do Kwon). A filing with the U.S. Securities and Exchange Commission (SEC) lists Spajic as the 16th investor in Terraform Labs, purchasing 750,000 luna coins at 10 cents each in April 2018.
LUNC price has experienced notable volatility over the past 24-hour period. The token hovered at $0.0000911, with a slight increase of 0.23% during the US session on Friday.
Terra Classic community seeks ways and prepares to burn billions of USTC and LUNC sitting idle in the wallets linked to Terraform Labs (TFL). The move comes as TFL announced that it would burn tokens in the wallets, sparking bullish speculation for USTC price.
U.S. court documents presented in a lawsuit filed by the United States Securities and Exchange Commission (SEC) reveal that Montenegrin Prime Minister Milojko Spajic may have invested in the now-defunct Terraform Labs in 2018.
A recent Bloomberg report has revealed that Montenegro's Prime Minister, Milojko Spajic, personally invested in Terraform Labs years before the company's collapse. The discovery has raised concerns regarding the founder's choice to flee prosecution by seeking refuge in the same nation.
LUNC News: The Terra Luna Classic community started voting again on a highly debated proposal to increase the validators set on the blockchain. The move comes after Terraform Labs and Do Kwon agreed to settle with the U.S. SEC for $4.5 billion.
Montenegro's Prime Minister Milojko Spajić faces renewed controversy over his earlier investment in Do Kwon's Terraform Labs.
Montenegrin PM Spajic's investment in Terraform Labs raises questions about Do Kwon's connections and escape plans.
The Thai branch of Binance gets the ball rolling on a campaign that aims to bring LUNC back to life.
In a startling development that has sent shockwaves through both the political and crypto sectors, a court document has brought to light Montenegrin Prime Minister Milojko Spajić's early investment in Terraform Labs.
LUNC News: Terra Luna Classic community has finally passed the proposal to implement Tax2Gas, which removes the need for separating handling and calculation of tax. Tax2Gas will incorporate the tax into the gas and decrease complexities for dApp developers and others, as stated StrathCole and Genuine Labs.
Terra Classic Price: June has been a particularly bearish month for the cryptocurrency market, with Bitcoin and Ethereum dropping to four-week lows of $64,000 and $3,350, respectively. The broader market downturn has also affected Terra classic coin, which experienced a sharp reversal from $0.000125.
Montenegro's Prime Minister Milojko Spajić was an early investor in the failed Terra Luna coin and may have lost millions to the ecosystem's implosion in 2022, according to recent court documents filed by the US Securities and Exchange Commission (SEC). Before becoming prime minister, Spajić was a crypto entrepreneur.
Recently disclosed documents from the U.S. Securities and Exchange Commission (SEC) reveal that Montenegrin Prime Minister Milojko Spajić was an early investor in Terraform Labs. The court documents show that on April 23, 2018, Spajić invested $75,000 to purchase 750,000 Luna tokens.
The Terra Luna Classic community has passed a key proposal to implement a revised LUNC burn tax distribution. This pay-per-job (PPJ) proposal gets over 98% support from community members and validators on moving ahead with changes as per proposal 12098 passed earlier by the Terra Classic community in previous months.
Terraform Labs' closure and $4.47 billion settlement signal heightened scrutiny and consequences for crypto fraud.
Terraform Labs plans to sell key projects within the Terra ecosystem and give the community control of the Terra blockchain.
While Hyun-Sung has denied helping Kwon deceive investors, Kwon is still awaiting trial for the collapse of the blockchain, which instigated the 2022 crypto market winter.
South Korean prosecutors have unearthed new evidence suggesting that Terraform Labs co-founder Do Kwon and former Chai CEO Shin Hyun-Sung conspired to deceive investors through fake transactions. This discovery adds another layer to the already complex case surrounding the collapse of the Terra and Luna tokens, implicating high-profile figures in the cryptocurrency space.
