LUNA News

Interpol Issues Red Notice For Do Kwon

Interpol Issues Red Notice For Do Kwon

The Co-Founder of Terraform Labs, Do Kwon is subject to strict actions from law enforcement agencies. In a recent development, ...

Arrest Warrant Issued Against Terra Co-founder Do Kwon: Report

Arrest Warrant Issued Against Terra Co-founder Do Kwon

A South Korean court has just issued an arrest warrant against Do Kwon, CEO of Terraform Labs, after the frantic ...

What Is the Rise of Terra Classic Due To?

What Is the Rise of Terra Classic Due To?

In spite of the fact that Terra Classic suffered a massive blow earlier this year, it has recovered to rise ...

South Korean Prosecutors Raid 7 Crypto Exchanges Amid Terra Investigations

South Korean Prosecutors Raid 7 Crypto Exchanges Amid Terra Investigations

Prosecutors from South Korea are aggressively investigating the sudden crash of Terra and its native tokens, TerraUSD and LUNA. They ...

Terra Classic USD (USTC) Has Risen 800% in the Last Week, What is the Reason?

Terra Classic USD (USTC) Has Risen 800% in the Last Week, What is the Reason?

The crash of Terra alarmed the entire crypto industry. The global investing community panicked and raised concerns over the future ...

Do Kwon Cashed Out Millions of Dollars Before Terra's Crashing

Do Kwon Cashed Out Millions of Dollars Before Terra’s Crashing

Terraform Lab’s CEO, Do Kwon, is now in trouble over the allegations of cashing out Millions of Dollars before LUNA’s collapse. ...

Terra's Mirror Protocol Suffers Another Exploit

Terra’s Mirror Protocol Suffers Another Exploit

DeFi application, Mirror Protocol, has suffered another attack draining over $2 million. Cyber criminals depleted four synthetic asset pools from ...

South Korea Launches Investigation Against Terra CEO

South Korea Launches Investigation Against Terra CEO

The Prosecutors Office of South Korea has recently begun a fierce crackdown against Terraform Labs, and its CEO, DO Kwon. ...

TERRA2 Launch Arrives With a 70% Drop

TERRA 2.0 Launch Arrives With a 70% Drop

LUNA 2.0 has failed to live up to the expectations that were set from the beginning. Terra (LUNA) was able ...

Terra Community To Burn 1B UST In Order To Restore UST Dollar Peg

Terra Community To Burn 1B UST In Order To Restore UST Dollar Peg

The Terra community has just passed a governance vote to burn 1.388 billion UST tokens from the project’s community pool ...

News about LUNA (LUNC)

Terra (LUNA) was a cryptocurrency developed by Do Kwon and his company Terra Labs. With this, they intended to create an ecosystem for DeFi applications powered by LUNA and its algorithmic stablecoin UST.

However, in May 2022, LUNA lost 99.99% of its value when UST decoupled from the value of the dollar, losing investor confidence and being accused of being a fraud. In fact, Do Kwon currently has an international arrest warrant and is wanted by authorities.

LUNA was renamed LUNC (LUNA Classic) in an attempt to revive the project, although it was never able to return to its former glory.

In this section, you will find all the news about LUNA and LUNC, which still has many investors who support it.