$LUNC βs $USTC is pumping on the news that is being #burned at a very fast rate. $LUNC daily burns are at an all time high. @TerraRebels doing great things.
A step in the right direction for $LUNC - https://t.co/sj8ajSR7eJ. Against all odds, and with ZERO support from core $LUNA TFL employees, the community is taking back the #LUNA classic chain. #LUNC
If you are able to, vote yes on this proposal. It is the first step in returning $LUNC to the holders - it has been hostage for too long. #LUNA#LUNC#UST
Still insane to me that LFG logs haven't been released. A preferential cashout could have happened at any point - Do Kwon selling to himself, bailing out VCs, or even the MM cleaning up UST on their own book. This is shaping up to be a $3b fraud. We need to know what happened.
I personally like the idea. $LUNC is essentially being held hostage by the old validators and @terra_money, even after the release of $LUNA v2. There is numerous good proposals attempting to help #LUNC and change leadership, but new governance and staking is still disabled #terra
We developed a novel DeFi emergency protocol for the DeFi community to retake control from centralized proof-of-stake systems. We introduce the concept of ballot wallets.
https://t.co/1W1gekz5Sf
@CommunityTerra1
UST$
LUNA$
#TerraUSD#terraluna#Terra_Luna
LMAO, this is pathetic. I'm still waiting for the timestamps/verified TX's of how the @LFG_org $BTC was spent. Now, 5% of the network has been airdropped to a single wallet - which was funded by TFL. $LUNA #LUNA $TERRA #terra
Our mystery TFL-funded wallet (the one signalling 'Yes' for the proposal with 5%) that we have established to belong to either a TFL employee or a 2020 Terra VC investor like Jump... Just received 20,000,000 new LUNA tokens. 2% of the entire supply. "Community owned chain"
Is there any groups which have arisen and are committed to forwarding $LUNC? Would be interesting to see - I know a lot rose up during the $ETC split. The original $terra still has a lot of community support. $LUNA $UST
Had a look around for this information, but will the #terra2 snapshot be supported by the leading exchanges? Is this not information that should be readily available 2 days prior to the snapshot being taken? This all seems so rushed to me, which benefits only a few. #LUNA $LUNA
Days on, and still no audits or logs from LFG as to exactly how the $btc was spent. Hundreds of theories (some with evidence, albeit limited) that this was a giant rugpull. We need transparency, donβt move on till we get it. #LUNA#terra#UST $LUNA
While controversial, I agree with CZ. We need proof whether or not the reverses were used on market or OTC. IF OTC, itβs all a big scam. #LUNA#UST#LUNAtics $LUNA $UST #Terra
While controversial, I agree with CZ. We need proof whether or not the reverses were used on market or OTC. IF OTC, itβs all a big scam. #LUNA#UST#LUNAtics $LUNA $UST #Terra
We need transparency from TFL, ASAP. IF this amount of dollars was cashed out monthly for salary, I dare say the companies balance sheet would be very high. This money should be utilised to aid in the revival efforts, not as runway for TFL as a company. #LUNA#UST $UST $Terra
1a. You should be very angry about their operating expenses
Every month, TFL cashed out tens of millions of dollars for salaries and operating expenses. This went into hard money like USD, BTC and SGD. At their peak, TFL's 70 employees were receiving $180,000,000 monthly.
I like this proposal, if the @LFG_org reserves are truly gone. Please, #LUNAtics donβt let this noise distract us from demanding transparency around how the 80,000 $BTC were spent. We need certified transactions, not a Twitter thread. #LUNA#Terra $LUNA $UST #LUNA#UST
Looking at the latest report, everybody is asking "who lost so much money?"
I am more curious about "who made money from this?" π€
Market Makers? Institutions? At least it's not me. So we can stay poor together π«‘
I dare say more care, thought and prowess should of been used when deploying the $3 billion. The fact that it is all gone and #terra is still in tatters is terrible. We need these transactions to be certified. $LUNA $UST #UST#LUNA
In summary, LFG has gone from having $3.1 billion in their reserves a week ago to now having roughly $87M. Which means they spent roughly $3 billion defending the UST peg and UST still collapsed.
Do we get receipts/proof that these trades were in fact executed, or are we just supposed to believe you? Cmon @LFG_org, be transparent. #LUNA#UST#LUNAtics $LUNA $UST
1/ As of Saturday, May 7, 2022, the Luna Foundation Guard held a reserve consisting of the following assets:
Β· 80,394 $BTC
Β· 39,914 $BNB
Β· 26,281,671 $USDT
Β· 23,555,590 $USDC
Β· 1,973,554 $AVAX
Β· 697,344 $UST
Β· 1,691,261 $LUNA
Letβs be real here - why does LFG (or anyone for that matter) need to wait for an exchange to confirm txβs and timings? Every exchange ever, with no exceptions, provides this information readily, itβs not something that you βwaitβ for. #LUNA $LUNA #UST $UST #terra#LUNAtics
All updates will be posted on this Twitter account (@terra_money). Any other Twitter accounts purporting to represent Terra are fake.
Users are advised to be on the lookout for scams.
Exactly what #terra needs at the moment. Even if itβs bad news, the #LUNAtics need to hear it. Together we digest, together we build, together we move on. $LUNA #LUNA#UST $UST
7/ I am not always right, but my perspective is: Failures can/will happen. But when they do, transparency, speedy communication and owning responsibility to the community is extremely important.