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LUNC news: The Terra Classic community has advanced a proposal that aims to reduce the broader costs of the ecosystem. The proposal, which was submitted on October 20, already received a majority vote in favor of it.
Terra Luna Classic (LUNC) Price has surged significantly, showing a bullish trend over the past 24 hours. The cryptocurrency is witnessing increased momentum, increasing its price after a weekly burn.
In the $4.5B settlement with the SEC, the original issuer of LUNC is obliged to burn all owned assets.
Do Kwon's extradition decision is reportedly nearing completion, with Montenegro's Justice Minister indicating that an announcement will be made by Sunday.
LUNC News: The Terra Luna Classic proposal to take access to the relevant accounts and dashboard maintained with Terraform Labs (TFL) is almost approved by the community. As a result, LUNC and USTC price gains upside momentum to breakout resistance levels amid the latest developments.
Exposing Terra's shadows: Do Kwon secretly made crypto transfers In Jail as Montenegro pondered over extradition.
Do Kwon's extradition has been delayed again, to the surprise of the Justice Ministry.
Montenegro plans to finalize Do Kwon's extradition by the end of this week. Montenegro convicted Do Kwon of forgery, and he served a six-month sentence.
Do Kwon's extradition process begins, raising concerns about Terra Luna's future and potential impacts on Luna crypto investors.
Montenegro is set to decide on the extradition of Do Kwon, co-founder of Terraform Labs this week, as confirmed by the Justice Minister.
Terraform Labs co-founder Do Kwon's legal case is approaching a key moment as his extradition process is reportedly nearly complete. Authorities are set to make a decision by Sunday, Oct. 20.
Yet another legal drama involving Do Kwon, the co-founder of Terraform Labs, is reaching a decisive moment. Montenegrin officials have confirmed that the extradition process is in its final stages, with a ruling expected by Sunday, October 19.
Montenegro's Minister of Justice, Bojan Božović, announced that a decision on Do Kwon extradition will be finalized and signed by the end of the week.
Montenegro's Justice Minister Bojan Božović confirmed that a decision had been reached regarding the extradition of Do Kwon, the co-founder of Terraform Labs. According to local media reports on Oct. 17, the extradition process will be signed by the end of this week.
According to Montenegrin media reports, Do Kwon's extradition process may soon conclude, with a decision expected by Sunday, Oct. 19. On October 17, Minister of Justice Bojan Bozovic confirmed that the government chose the destination for extraditing the Terraform Labs co-founder, whom both the US and South Korea want on charges related to cryptocurrency fraud.
Do Kwon's extradition chapter may be finalized as soon as Sunday, Oct. 19, according to local Montenegrin media.
In a developing story surrounding Do Kwon, the co-founder of the collapsed Terraform Labs blockchain, new investigative reports suggest he may have conducted cryptocurrency transactions while in custody in Montenegro. This revelation follows a lengthy period during which authorities reportedly took 72 days to seize his electronic devices and wallet access codes after his arrest.
Do Kwon, the founder of Terraform Labs allegedly used electronic devices, including a laptop and phone, to conduct cryptocurrency transactions from within his prison cell. While Kwon is detained in Spuž prison questions are mounting over how he may have handled his crypto assets even in detention.
Terra Luna Classic price has been trending upward since July, making higher highs except for the unexpected market-wide August 5 crash. However, following the development of the Terraform Labs (TFL) case and the subsequent liquidation of the company, Avalanche is seeking to buy back all the $60 million AVAX tokens that the Luna Foundation Guard
According to some analysts, the crypto LUNC of the Terra Luna Classic project could soon experience a strong bull phase.
LUNC News: The Terra ecosystem tokens rallied today after Terra Luna Classic completed the major update needed for the long-anticipated Tax2Gas feature implementation. Meanwhile, the proposal for an upgrade to v3.1.6 has passed with 100% votes in favor of it.
The world's largest crypto exchange Binance has burned 1.14 Terra Luna Classic tokens in the 26th batch of LUNC burn mechanism. This move has sparked optimism, as evidenced by the surge of over 10% in LUNC and USTC prices.
Will these grandiose USTC burns linked to TFL bankruptcy have a long-lasting impact on Terra Luna Classic's chain?
LUNA and LUNC rally as USTC burn proposal boosts market confidence with surging volumes and bullish sentiment.
