Luna Classic News

The U.S. Securities and Exchange Commission and Terraform Labs, along with Do Kwon, have reached a preliminary settlement concerning charges of misleading investors about TerraUSD. Singapore-based Terraform Labs and its founder Do Kwon have reached a tentative settlement with the…

Pseudonymous crypto trader GCR revealed that his X account was hacked through a bribe, leading to an ORDI pump-and-dump scheme. On May 26, the X account of pseudonymous cryptocurrency trader GCR (Gigantic Rebirth) was hacked, with attackers allegedly leveraging a…

Popular exchange Crypto.com today announced the delisting of Terra LUNA.

The legal team of Terraform Labs and Do Kwon have agreed with the SEC on maintaining the confidentiality of certain documents in their trial. 

The three tokens of the Terra ecosystem — Terra (LUNA), Terra Classic (LUNC) and TerraClassicUSD (USTC) — have gained momentum following an update last week.  The surge comes a week after Terraform Labs deployed $10 million worth of assets in…

Lawyers for Daniel Shin, co-founder of Terraform Labs, told a South Korean court that he did not contribute to Terra’s collapse in any way after being charged with fraud and embezzlement.

Do Kwon has been summoned by the SEC for an in-person interrogation. Kwon and his legal representatives filed a petition to dismiss the request

The fallen terra classic (LUNC), formerly known as LUNA, has been struggling since the collapse of the Terra ecosystem in May 2022. The asset has dropped further with the current FUD around Binance.  Despite LUNC’s 35% gains on June 4,…

In May 2022, the crypto community was shattered by the crash of the Terra ecosystem. One year after, we are reconstructing the events, from luna’s depeg to Terraform CEO Do Kwon becoming a criminal. Terra and its sibling token LUNA…

Terra Luna Classic (LUNC) started a bullish momentum four days after its testnet upgrade. The asset’s Twitter community believes that the current price point might be the bottom for LUNC. Despite the charges that the co-founder of Terraform Labs, Do…

In a landmark court ruling on April 23, the Seoul Southern District Court ruled that Luna cryptocurrency is no longer classified as a security.

Do Kwon, the founder of the failed crypto network Terraform Labs, was arrested on Thursday, Mar. 23, after months of evading authorities and regulators

Montenegrin police have detained “the most wanted fugitive in the world” — Do Kwon, a South Korean national, co-founder, and CEO of Terraform Labs based in Singapore. According to Filip Adzic, Montenegro’s interior minister, Kwon, responsible for over $40 billion…

Binance, the world’s largest cryptocurrency centralized exchange (CEX) by volume, has announced a burn mechanism to burn all trading fees on $LUNC spot and margin pairs. The Burn Mechanism Is a Response to the $Lunc Community Proposal Following the Terra…

An error in the pricing oracle software used by Terra Classic validators allowed an exploiter to drain four synthetic asset pools from the Mirror Protocol. Mirror Protocol Suffers New Exploit A disparity in the reported prices of underlying assets on…