Search
Terra Luna Audit Results: 80,000 Bitcoin Worth $2.8 Billion Used to Defend Peg – Here’s What You Need to Know
17.11.2022
Terra (LUNA) founder Do Kwon and the Luna Foundation Guard (LFG) spent as much as 80,000 bitcoin, worth a whopping $2.8bn, to defend the algorithmic stablecoin UST’s dollar peg, a new audit report has revealed.
The newly revealed numbers were shared by Do Kwon himself in a Twitter thread...
Binance CEO CZ Calls SBF a ‘Psychopath,’ 3AC Co-Founder Accuses FTX, Alameda of Stop Hunting His Hedge Fund
17.11.2022
During a conversation with Binance CEO Changpeng Zhao (CZ) and the Milken Institute, the exchange executive called the former FTX CEO Sam Bankman-Fried (SBF) a “psychopath” for one of the tweets SBF wrote last week. CZ’s statements further follow the accusations stemming from Three Arrows Capital...
Terra’s $2.8B Defense System — Luna Foundation Guard Audit Says Group Spent More Than 80,000 Bitcoin Defending UST Peg
16.11.2022
Months after the collapse of Terra’s U.S. dollar-pegged token UST, the organization created to protect the once-stable coin, the Luna Foundation Guard (LFG), published an audit report audited by the New York-based consultancy company JS Held. According to the report, LFG claims to have spent...
Terra Labs, Luna Guard commission audit to defend against allegations of misusing funds
16.11.2022
The audit tracked efforts to defend the UST peg May 8-12 and no found wrongdoing. LFG used the data to draw conclusions about frozen funds
Report: Genesis Global Trading’s Lending Unit Suspends Withdrawals and New Loan Originations
16.11.2022
Following Blockfi, Liquid Global, and Salt Lending halting withdrawals, reports indicate that Genesis Global Trading’s lending unit has halted customer withdrawals. Genesis’ interim chief executive officer Derar Islim said that the company’s trading and custody units were still operational....
Luna Foundation Guard Spent $2.8B Defending UST Peg, Third-Party Audit Finds
16.11.2022
Luna Foundation Guard (LFG), the entity behind the collapsed Terra ecosystem, spent $2.8 billion of crypto trying to defend the peg of TerraUSD (UST) in May, according to a third-party audit by JS Held
Defunct Billion-Dollar Crypto Hedge Fund Three Arrows Capital Speaks Out, Blames Collapse on FTX
15.11.2022
Kyle Davies, founder of the collapsed crypto fund Three Arrows Capital (3AC), has lashed out at FTX, claiming that the exchange hunted their positions during the LUNA collapse.
Speaking on the fallout of crypto exchange FTX and its trading arm Alameda Research, Davies said the firms were also...
Terra Luna Classic Price Prediction as LUNC Falls 30% in 7 Days, How Low Can it Go?
14.11.2022
The price of terra luna classic (LUNC) has fallen by 2.5% in the past 24 hours, with the altcoin also down by nearly 30% in the past week, at $0.00017357. The drops come as the fallout from FTX's collapse continues to weigh down the wider market, with LUNC's momentum from early September unable...
FTX Contract Deployer Unlocks 192 Million FTT, Exchange Token’s Questionable Tokenomics Highlights Red Flags
13.11.2022
Following the collapse of FTX and the exchange filing bankruptcy on Nov. 11, the trading platform’s exchange token called ftx (FTT) has shed 91.6% in value during the last seven days. While the FTT token’s utility is based entirely on the backing of the now-bankrupt FTX and Alameda...
Terra Luna Classic Price Prediction – Can LUNC Recover and Hit $1
12.11.2022
Terra Luna Classic (LUNC) price sell-off continues unabated in the wake of the collapse of FTX and its affiliated companies. The total cryptocurrency market cap sunk deeper below the $1 trillion mark as investors reacted to the bloody mess caused by the now never-ending troubles at one of...
Terra Luna Classic Price Prediction as LUNC Rebounds 2.5% – Time to Buy?
11.11.2022
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...
Bitcoin Price Outlook for November — FTX Crisis Fuels Bearish Momentum
10.11.2022
It’s fair to say that the first ten days of November have been nothing short of historic in cryptocurrency markets. The turmoil surrounding FTX, and its all-but-confirmed collapse, seems to have eclipsed both Luna and Celsius, who also capitulated earlier this year. The impact of this...
FTX Token Price Prediction - Will FTT Go to $0 Like Luna? Traders Buying These Coins Instead
8.11.2022
Binance is buying FTX and the market has been thrown into turmoil as traders try to make sense of what it all means for crypto.
For those with funds on FTX, many will be wondering whether Sam Bankman-Fried's commitment to honour assets 1:1 and that its "assets are fine" will be worth the tweet...
'Pharma Bro' Martin Shkreli to LUNA's Do Kwon: 'Jail Is Not That Bad'
8.11.2022
The crypto villians discussed the impending FTX-Binance deal on the UpOnly podcast
Terra Luna Classic Price Prediction – Can Bulls Pump LUNC 30% This Week?
7.11.2022
Terra Luna Classic price prediction remains bullish above $0.00020, a triple bottom support level. LUNC has formed a descending triangle pattern, which usually indicates the possibility of a bearish breakout, but the leading technical and fundamental indicators point to a buying trend....
Read...
Terra Luna Classic Price On A Rollercoaster Ride - How High Will It Go?
5.11.2022
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.
Even during the recent positive crypto market performance, when most coins broke their...
South Korean prosecutors accuse Do Kwon of manipulating Terra's price
4.11.2022
Prosecutors have reportedly secured a "messenger conversation" in which Kwon ordered an employee to manipulate Terra's market price
Report: South Korean Prosecutors Accuse Do Kwon of Manipulating LUNA’s Market Price
3.11.2022
On Thursday, Nov. 3, 2022, local reports from South Korea disclosed that Korean prosecutors have allegedly discovered evidence that shows Do Kwon and an associate manipulated the price of LUNA, Terra’s native crypto token. The report further says South Korean prosecutors believe Kwon is hiding...
Terra Luna Classic Price is Going to $0, But This New Traders Coin Can 30x by 2023
3.11.2022
The Terra Classic (LUNC) coin was unable to halt its previous long downward rally and fell precipitously around the $0.000221 mark. Terra Classic is one of the few major cryptocurrencies that did not gain traction in the previous month.
The reason for its recent downward rally, however, could...
Report: Deleted Files Indicate Crypto Lender Hodlnaut’s Execs Gave Little Weight to Terra Luna Exposure
31.10.2022
According to a report, the embattled crypto lender Hodlnaut saw a significant loss from the Terra blockchain collapse last May. The report notes that Hodlnaut downplayed the company’s exposure to the Terra ecosystem and allegedly lost $190 million from the incident. Report Says Hodlnaut...