🔥 HUGE burn just in! 🔥
Binance just burned 522,448,771 $LUNC 🚀
That’s not small. That’s commitment. That’s belief.
While others talk… WE BURN 🔥
While others doubt… WE BUILD 💪
The supply keeps dropping. The vision stays strong.
#LUNC#TerraClassic#Crypto#Binance #LUNCcommunity #CryptoBurn #Bullish
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Exactly. Climate change risk is real, just much slower than alarmists claim.
The immense loss of homes in LA is primarily due to:
1. Nonsensical overregulation that prevented creating fire breaks and doing brush clearing.
2. Bad governance at the state and local level that resulted in a shortage of water.
TERRA COLLAPSE VICTIMS COULD EXCEED ONE MILLION: U.S. PROSECUTORS
- The collapse of the Terra ecosystem in 2022 has left devastating effects on the cryptocurrency market.
- In court filings, Acting U.S. Attorney Daniel Gitner stated that the number of victims from Do Kwon’s actions is likely in the hundreds of thousands, potentially exceeding one million.
- The challenge of quantifying victims arises from anonymous transactions conducted on global crypto exchanges and through digital wallets.
- To ensure victims’ rights, the U.S. government plans to launch a dedicated website. Traditional notification methods are deemed impractical due to the vast scope of the case.
The Terra-LUNA Collapse
- The Terra ecosystem’s downfall began in May 2022, when its algorithmic stablecoin, TerraUSD (UST), failed to maintain its 1:1 peg to the U.S. dollar.
- Its companion token, LUNA, spiraled into hyperinflation. The combined crash wiped out billions in value, triggering a broader market crisis.
Legal Proceedings Against Do Kwon
- Terraform Labs co-founder Do Kwon faced a New York judge on January 2 after his extradition from Montenegro. He pleaded not guilty to nine felony charges, including fraud, and remains in custody.
- His extradition followed a four-month prison sentence in Montenegro for document fraud.
- Montenegrin authorities arrested Kwon in March 2023 while he attempted to fly to Dubai using a forged passport.
- Both the U.S. and South Korea sought his extradition, with Montenegro ultimately approving the U.S. request in December 2024.
[Image generated by BSCN using AI]
Terrad client version 3.3.0 has been successfully installed on our #LUNC validator server.
The Terra Classic blockchain is now up and generating new blocks.
#LunaClassic ❤️