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Han Chang-joon, the former Chief Financial Officer (CFO) of Terraform Labs, has been extradited to South Korea by Montenegrin authorities.
The Terra Luna Classic community has approved developer Genuine Labs' spending proposal to pay for the work completed by the developer team in the last few weeks. The proposal received majority support from Terra Classic validators.
The former CFO of Terraform Labs, Han Chang-joon, has been extradited from Montenegro to South Korea, following his arrest alongside Terra co-founder Do Kwon in March 2023 for attempting to travel with falsified documents.
Montenegro has reportedly deported the former financial officer of Terraform Labs, Han Chang-Joon, back to South Korea to face criminal proceedings. According to reports, law enforcement agencies referred to him as J.C.H.
Former Terraform Labs CFO Han Chang-joon faces charges in South Korea including fraud that could carry a life sentence.
According to an official notice, Montenegro has extradited Han Chang-joon, the former CFO of Terraform Labs, to South Korea following his arrest last year alongside Terra co-founder Do Kwon. Charged with using falsified travel documents, both individuals were sentenced to four months in prison by a Montenegro court.
Story Highlights The live price of LUNC is . Terra Classic price is expected to reach as high as $0.000488 by the end of 2024. LUNC price could surge to a maximum of $0.00212 by the end of 2030. One of the biggest disasters the industry could ever face.
Montenegrin authorities have extradited Han Chang-joon, the chief financial officer of the now-defunct cryptocurrency firm Terraform Labs, to South Korea.
Han Chang-joon was handed over to South Korean authorities following a decision by the Balkan country's Ministry of Justice.
In a significant development, Montenegro has extradited Han Chang-joon, a business partner of South Korean entrepreneur Do Kwon, also known as the “Cryptocurrency King.
Han Chang-joon was charged with carrying falsified travel documents alongside Terra co-founder Do Kwon last year.
In a gripping revelation, a recent report has uncovered a significant development in the Terraform Labs financial scandal. Han Chang-joon, the former financial officer of the beleaguered company, has been extradited to South Korea after serving a prison sentence in Montenegro.
The Terra community was in a celebratory mood as the LUNC token saw a significant price surge over the weekend. As revealed by a member of the community, this price surge has been attributed to the actions of the foremost crypto exchange, Binance.
Former Terraform Labs CFO Han Chang-joon was extradited from Montenegro to South Korea after his arrest with co-founder Do Kwon.
The Terra tokens have displayed constant bearish movements in their respective portfolio since the year started, indicating weak price sentiments for these tokens in the market.
Cryptocurrency Price Prediction: Over the past week, the cryptocurrency market has experienced significant volatility, moving in a sideways pattern. This phase of consolidation has been prevalent across most major cryptocurrencies, casting a shadow of uncertainty over market participants.
The community is thrilled with LUNC reaching new staking and burn milestones, alongside a surge in daily trading volume exceeding 700%. However, uncertainty looms as the token faces resistance levels and potential market volatility.
Mr. Diamondhandz1, a prominent member of the Terra Classic community, shared on Twitter that LUNC volume surged by 700%, driving its price up by more than 13%. This significant increase is linked to Binance's recent token burn, the largest exchange by trading volume.
Terra Classic (LUNC) found strong support at $0.00009, coinciding with increased demand in the overall market. With the broader altcoin market experiencing a relief rally, LUNC formed a bullish double-bottom pattern, breaking through the $0.0001 level on January 3rd.
Terra Classic Price: Terra Classic (LUNC) correction trend found solid support at the $0.00009 level, aligning with an uptick in demand pressure observed across the broader market. Amid a relief rally among altcoins, LUNC successfully formed a bullish double-bottom pattern at this support and surpassed the $0.0001 threshold on January 3rd.
LUNC's volume increases in triple-digits while its price rises, but indicators turn bearish.
Despite a challenging period, Terra Classic (LUNC) is showing signs of a turnaround. Let's take a look at the top 5 Reasons Why LUNC Price Could Reach $1
The world's largest crypto exchange Binance burned 2.1 billion Terra Luna Classic (LUNC) tokens in the 18th batch of the LUNC burn mechanism. The total LUNC burned by the crypto exchange to date reaches over 50 billion, which is 52.4% of the total tokens burned by the Terra Luna Classic community.
2 Best Altcoins To Buy Today: Chainlink (LINK) and Terra Classic (LUNC), are capturing the spotlight with their dynamic market performances and promising prospects. Chainlink, renowned for its decentralized oracle network, has been showing bullish patterns, asserting its dominance in the market.
