These
news items take the reader through a tumultuous journey of
Terra Luna (LUNA) and
Terra Luna Classic (LUNC). Terra Luna's founder,
Do Kwon, has been extradited to the US to face charges in connection with a massive stablecoin fraud case. The platform's tokens have experienced severe volatility, with
massive burns and price plummets, leaving investors uncertain about its future. The future of Terra Luna Classic is also mired in controversy, with
Binance reportedly backing its upgrade and igniting hope of a price rally.
Galaxy Digital faces a fallout from Terra's promotion, while
Jump Trading subsidiary faces charges for allegedly manipulating the Terra Luna UST peg. Amidst this uncertainty,
Terraform Labs is said to be opening a loss claims portal, and Binance is reportedly backing a major upgrade for Terra Luna Classic. A case against Terra's founder, Do Kwon, scheduled for trial in 2026, could have huge implications, with the potential for a 130-year sentence being handed down. Meanwhile,
Sonic Labs is reportedly planning a new algorithmic stablecoin despite the fallout with Terra Luna.
Terra Coin News Analytics from Mon, 20 Jan 2020 02:04:06 GMT to Tue, 30 Sep 2025 18:12:00 GMT -
Rating -6
- Innovation -3
- Information 3
- Rumor -5
