Over US$100M in LUNA gains, South Korea summons former Terra executive Daniel Shin

The co-founder of Terraform Labs Pte. Ltd., Shin Hyun-seung, also known as Daniel Shin, has been called by South Korean prosecutors to an investigation this week as a suspect for allegedly making unjustified gains with the cryptocurrency LUNA, which is now known as the Luna Classic (LUNC).

Timeline of Terra-luna-v2

Terra Luna Classic price prediction remains bullish above $0.000169, a support level extended by an upward trendline. Lately, the crypto market has been unkind to investors, with most cryptocurrencies struggling to post gains. Contrary to the trend of other large market-cap cryptocurrencies, Terra Classic (LUNC) saw a price increase.

Tether's dominance of the Curve 3pool has risen to 86% amid massive swaps from USDT to stablecoins like USDC and DAI. The post Stablecoin liquidity on Curve's 3pool falls to lowest level since Luna crash appeared first on The Block.

Tobias Andersen, the lead developer at Terra Rebels, has acknowledged that the burn rates for Luna Classic (LUNC) will be low for at least “the next few years.” During an AMA with the community, he said that the burn tax at 1.2% would have taken “close to a century” to burn enough LUNC tokens in The post Luna Classic Devloper Has This To Say About The LUNC Burn appeared first on CoinGape.

In a startling revelation amid the fiasco surrounding FTX, Galaxy Digital Holdings Ltd (OTC: BRPHF) revealed it has a $76.8 million exposure to the beleaguered cryptocurrency exchange, out of which $47.5 million is currently being withdrawn. It already hasn't been a great 2022 for Galaxy and its CEO Larry Mike Novogratz.

The fallout from FTX's insolvency has already shaken the crypto industry to its core. The post Crash of the Titans: LUNA dwarves FTX in terms of losses but the worst is yet to come appeared first on CryptoSlate.

Terra Luna founder Do Kwon has joined the UpOnlyTV show on Twitch amid carnage in the crypto markets as FTT tanks to $9, and Binance announces a potential acquisition of FTX. The post Terra Luna founder Do Kwon surfaces on UpOnlyTV live on Twitch appeared first on CryptoSlate.

Terra Classic (LUNC) token prices have registered a solid recovery over the past 24 hours. The recent price surge has made LUNC one of the top gainers among the biggest 100 cryptocurrencies.

Breaking its downward trend, Terra Luna Classic (LUNC) attracted major bids at about $0.000226. The last several weeks' coin performance has been dismal prior to the new governance proposal for re-enabling IBC.

Do Kwon, the co-founder and Chief Executive Officer (CEO) of Terraform Labs, is now in hotter water following a crucial discovery made by South Korean prosecutors that could undermine his claims of innocence and non-involvement in the colossal implosion of the TerraUSD stablecoin.

Terra  Luna Classic (LUNC) broke its downward trend and drew some modest bids around the $0.000226 level. Before the release of US nonfarm payrolls, coin performance has been poor over the last few weeks.