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South Korean authorities have reportedly frozen $40 million in crypto assets, including bitcoin, allegedly belonging to Luna founder Do Kwon. However, Kwon denied that any funds of his have been frozen. “I don’t even use Kucoin and Okex, have no time to trade, no funds have been frozen,” he insisted. Prosecutors
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Bitcoin was recently trading over $19,550, up more than 2% over the past 24 hours, amid a surprising monthly decline in the Institute for Supply Management's manufacturing index, which measures factory activity. The drop didn't send asset prices soaring, but it offered faint hope that the economy was slowing meaningfully,
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LUNC is the native token of the Terra Classic blockchain, which imploded this May, wiping out $60 billion in market value; the project’s algorithmic stablecoin lost its peg to the dollar, and LUNC, the token that was supposed to be its stabilizer, fell into hyperinflation. While most crypto developers and
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“Fue terrible cuando todo colapsó”, comentó. “Cuando un token pasa de 20 centavos a US$100 y no se aprovechan las ganancias, es una locura”. El problema fue la falta de una “metodología de gestión de riesgo” para muchos de los inversores minoristas que compraron con entusiasmo el token mientras iba
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South Korean prosecutors are seeking to freeze 3,313 bitcoins at two cryptocurrency exchanges allegedly tied to luna founder Do Kwon. The coins were moved soon after a South Korean court issued an arrest warrant for the Terraform Labs co-founder. Luna Foundation Guard has denied transferring the coins. Korean Authorities Ask Crypto
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Traders who move the most volume on the exchange, such as market makers, are unlikely to voluntarily choose the 1.2% fees, crypto trader Ogle pointed out in a Twitter post. Binance’s burn scheme “is almost totally useless to LUNC folks, but they don’t realize it,” he told CoinDesk. Original Source
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Terraform Labs founder Do Kwon is not in Singapore, local police say. Accused of fraud after the collapse of cryptocurrencies luna and terrausd, he is wanted in South Korea after a court issued an arrest warrant for him. However, Kwon insists that he is not “on the run.” Police Say Do
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LUNA fell 36% in the past 24 hours while LUNC dropped 25%, with much of the price movement coming after news of the warrant was made public on Wednesday morning. The warrant was issued four months after the collapse of the $40 billion Terra ecosystem and its algorithmic stablecoin (UST),
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LUNA cayó 36% en las últimas 24 horas y LUNC bajó 25%. Gran parte de este movimiento de precios se produjo luego de que el miércoles por la mañana se conociera la noticia de la orden de arresto. La orden se emitió cuatro meses después del colapso del ecosistema Terra,
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LUNA has increased by about 300% just these past days, making it appear as if it had risen from the ashes. The
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