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Showing posts with the label terra luna

Anonymous hacking group vows to expose Do Kwon’s wrongdoings

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The Anonymous hacking group has threatened to expose the crimes of the co-founder of Terraform Labs, Do Kwon. The hacking group wants Do Kwon brought to justice for the crash of the TerraUSD (UST) stablecoin and the Terra LUNA token. Anonymous hacking group threatens Do Kwon The Anonymous hacking group published a video on Sunday recollecting the offenses made by the co-founder of Terraform Labs, Do Kwon. These offenses include Kwon reportedly withdrawing money from the network shortly before the collapse. The Terraform Labs co-founder is accused of cashing out around $80 million every month from Terra LUNA and UST. Moreover, Kwon was also exposed as one of the developers behind other failed algorithmic stablecoins such as Basis Cash. Kwon was among the co-creators of Basis Cash under the pseudo “Rick Sanchez.” Buy Bitcoin Now Your capital is at risk. The Anonymous video further said, “Do Kwon, if you are listening, sadly, there is nothing that can be ...

Binance LUNC Burn Drops Below 1 Billion For The First Time

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Binance Burns 796 Million LUNC Tokens Crypto exchange Binance sent 796 million Terra Luna Classic (LUNC) tokens to the burn address to contribute to reducing the LUNC circulating supply, according to the transaction on September 1. It also includes a transaction fee of 3.98 million LUNC. advertisement Notably, the 13th batch of the LUNC burn mechanism is for the period July 31 to August 30, 2023. With the latest burn, Binance has burned nearly 37 billion Terra Classic tokens in total from trading fees on LUNC spot and margin trading pairs. Last month, Binance burned 1.41 billion Terra Luna Classic (LUNC) tokens. The burn rate has significantly reduced amid FUD, resignations by L1TF project manager LuncBurnArmy and developer Fragwuerdig, and a fall in LUNC trading volumes. Meanwhile, the community has burned 74.22 billion LUNC tokens in total. Validator DFLunc and project TerraCasino are the only major contributors to the LUNC burn this month. Also, the focus...