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The price of Terra Classic (LUNC) has seen a decline of 3% throughout the preceding 24-hour period, resulting in its value dropping to $0.00005852. Consequently, this altcoin now occupies the 90th position in the hierarchy of cryptocurrency market capitalization rankings.
Terra Classic's retracement hit a key demand zone that could come to bulls' rescue if BTC doesn't drop below $27k.
The predominant trend for Terra classic coin price over the last few months has been bearish, as evident from the series of lower highs and lower lows. The price has consistently been making downward moves, often finding resistance at the upper trendline of the established channel pattern.
LUNC has also seen a 3.5% decline in the past week, although it has recorded a 3% increase in the last 14 days. Despite this short-term improvement, it still exhibits a 1% decline over the course of a month and a significant 81% decline over the past year.
In a stunning twist of events, a group of investors has decided to withdraw their class-action lawsuit against Terraform Labs and its co-founder, Do Kwon, following allegations of fraud. This unexpected development unfolded in a recent filing made on September 28th in the United States District Court for the Northern District of California, leaving many in the cryptocurrency and investment communities perplexed and intrigued.
Amid Terra's ongoing legal battle with the U.S. SEC and the possible conclusion of Do Kwon's sentence in Montenegro, a surprising turn of events unfolded.
Shocking court evidence showcases Do Kwon bragging about making fake transactions ‘indiscernible.'
Lawyers representing the investors submitted a notice of voluntary dismissal of the lawsuit against Terraform Labs and Do Kwon in the United States District Court for the Northern District of California.
In a rapidly evolving legal landscape, Terraform Labs and its co-founder, Do Kwon, find themselves at the center of multiple controversies. Amidst the storm, a recent development has caught the attention of many: a group of investors has decided to withdraw their class-action lawsuit against the company and its leadership.
Investors have withdrawn a class-action lawsuit against Terraform Labs (Terra) and its co-founder Do Kwon. The lawsuit alleged crypto assets security fraud, resulting in the loss of investor funds.
The dropping of the suit came amid Terra facing a lawsuit brought by the U.S. Securities and Exchange Commission and Do Kwon possibly nearing the end of his sentence in Montenegro.
Binance burns 1B of LUNC in the monthly burning batch. Is USTC up next in the crypto cremation chamber?
Court documents from the SEC show a text exchange where disgraced crypto mogul Do Kwon admitted to planning to generate fake transactions on the Terra blockchain to boost volume and fees.
In the fast-paced world of cryptocurrencies and blockchain technology, trust is paramount. Investors and enthusiasts rely on transparency and integrity within the ecosystem to ensure the safe and ethical operation of projects.
Fallen crypto star Do Kwon reportedly admitted to manipulating trading volumes to attract investors, Slack messages presented by the U.S. Securities and Exchange Commission (SEC) in court as evidence shows.
The LUNC community has voted against a proposal to allocate $15,000 per month to fund Terra Rebels. The proposal narrowly missed approval in a closely contested voting process.
In the heart of the Terra Classic ecosystem, a groundswell of activity is captivating the attention of crypto enthusiasts and investors alike. At the center of this whirlwind is a pivotal vote that holds the fate of validator commissions in the balance.
In the wake of the U.S. Securities and Exchange Commission's (SEC) call to depose Terraform Labs creator and former CEO Do Kwon, the SEC unveiled an alleged exchange between him and his former associate Daniel Shin.
Terraform Labs co-founder Do Kwon is pushing back against the United States Securities and Exchange Commission (SEC) regarding Slack messages presented as crucial evidence in an ongoing legal battle.
Terraform Labs (TFL) received a sliver of good news among controversies. A legal filing dated January 9 revealed that Albright Capital voluntarily dismissed its class-action lawsuit against the company.
In the realm of crafting written content, three critical factors come into play: “perplexity,” “burstiness,” and “predictability.” Perplexity, in essence, gauges the intricacy of the text at hand.
Terraform Labs' Do Kwon dismisses leaked Slack chats as irrelevant evidence, countering claims of transaction manipulation. The legal team insists on a misinterpretation of messages, emphasizing their irrelevance to the SEC's case.
It seems to be another day in Terra land. The firm is coping with misleading chat history, forged documents claims and whatnot! In this dark backdrop, Terra Classic's (LUNC) price has taken a toll, currently trading below its moving averages and 52-week highs.
Slack conversations between Terraform Labs' co-founders Do Kwon and Daniel Shin have exposed their contemplation of orchestrating fraudulent transactions on the Terra blockchain.
