LUNA Founder Do Kwon Reacts To $40 M Frozen: “Good For Them”

Following an arrest warrant issued by the Seoul Southern District Prosecutor’s Joint Financial Securities Crime Investigation Team, authorities in that country moved on to freeze the assets of Terra (LUNA) founder Do Kwon.

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LUNA insiders reveal info on Terra’s closed-door meetings including Do Kwon

CryptoSlate spoke to several Luna validators involved in the launch of LUNA 2 to get the inside track of what went on behind the scenes. The post LUNA insiders reveal info on Terra’s closed-door meetings including Do Kwon appeared first on CryptoSlate.

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Terra At Make-Or-Break Point As Community Burn Millions Of LUNA In Hopes Of A Huge Price Rebound

Terraform Labs' founder, Do Kwon has cautioned “LUNAtics” against burning their LUNA tokens.

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Do Kwon Warns Terra Community Not To Use LUNA Burn Address

Do Kwon’s co-founder and CEO of TerraForm Labs recently announced the Terra revival plan and received mixed reactions; many of them have questioned the effectiveness of a hard fork in reviving the fallen price of Terra (LUNA) and TerraUSD (UST) tokens.

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278 Million LUNA Burned Since Do Kwon Posted Burning Address

People keep sending their tokens to dead address, 25 million LUNA gone in 24 hours

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Korea Turns Against Luna Head as Police Request LFG Fund Freeze 

South Korea is starting to turn the screws on Terraform Labs and Luna CEO Do Kwon as UST stablecoin saga takes another twist. The post Korea Turns Against Luna Head as Police Request LFG Fund Freeze  appeared first on BeInCrypto.

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Millions Of LUNA Being Burned To Push Up Price — Do Kwon Insists Destroying Tokens Is Pointless

Terraform Labs co-founder and CEO Do Kwon has finally listened to suggestions to burn most of LUNA’s hyperinflated circulating supply of over 6.5 trillion tokens. While he’s still against the idea, Kwon has...

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Here are the best places to buy Terra (LUNA): it jumped by over 50% over the weekend

The price of Terra (LUNA) hiked over the weekend after millions of LUNA tokens were burnt through an address shared by Do Kwon, the TerraForm Labs founder. LUNA had started rising on Saturday after Do Kwon shared the ‘burning’ address and it continued rising to today morning before it retraced to trade at its current […] The post Here are the best places to buy Terra (LUNA): it jumped by over 50% over the weekend appeared first on Invezz.

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До Квон предложил механизм сжигания LUNA вопреки собственному плану спасения экосистемы

Основатель экосистемы Terra До Квон (Do Kwon) пошел на поводу у комьюнити и опубликовал адрес, позволяющий уничтожить токены LUNA. Этот непоследовательный До Квон Не так давно Квон объявил план возвращения к жизни экосистемы Terra, который включает в себя хардфорк блокчейна и радикальное перераспределение токенов LUNA.

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Do Kwon shares LUNA burn address but warns ‘LUNAtics’ against using it

Upon a persistent request from the Terra community, Kwon went against his initial plan and publicly shared a burn address for LUNA on Saturday.

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Terra's Do Kwon Doesn't Support Burning LUNA Tokens

Terra's Do Kwon says burning tokens is a bad idea

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Terra Luna Price Up 59% Today, Why Is the Price Rising?

Terra LUNA’s price is up over 59% today, currently trading at $0. 0001912, surpassing $1. 2 billion in market capitalization. The recent price hike for LUNA is most likely due to Terra’s Founder, Do Kwon’s statements yesterday, responding to accusations and questions from the community, which put the market at ease.

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Terra Luna’s Founder, Do Kwon, Speaks Out About UST and LUNA

After two days of silence, Do Kwon, the founder of Terra Luna, took to Twitter to respond to various questions and accusations from the community, discussing multiple issues regarding his proposal to fork the Luna network and clarifying his whereabouts.

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Did Do Kwon Know The LUNA and UST Crash Was Coming? — Legal Documents Reveal New Findings

Legal Documents Indicate Do Kwon Dissolved Terraform Labs Just Days Before Crash Of UST And LUNA.

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Court documents reveal Do Kwon dissolved Terraform Labs Korea days before LUNA crash

A revelatory discovery of legal documents could provide greater context for the catalyst of the infamous LUNA and UST price crash.

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LUNA holders may veto the live vote to fork the Terra network

The TerraBuilderAlliance, Do Kwon, and others in the community have agreed upon a proposal to fork Terra Luna to attempt to salvage the Terra ecosystem. The post LUNA holders may veto the live vote to fork the Terra network appeared first on CryptoSlate.

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Let Terra Die

Do Kwon's proposal to fork the failed stablecoin network isn't what LUNA holders want, nor will it help them.

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Terra's Do Kwon Announces LUNA Rescue Plan

Terra founder Do Kwon has announced community voting has started on a rescue proposal for the Terra ecosystem

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Terra Luna Revival Plan 2 – Renaming the Network to Terra Classic and LUNA Classic

After an uncertain last week and with LUNA’s price dropping below 1 cent, Do Kwon, the founder of Terra Luna, announced a new revival plan on Twitter. A new governance proposal #1623 suggests renaming the existing network to Terra Classic, renaming LUNA to LUNA Classic, and birthing a new blockchain.

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Almost 100% of Luna Users Are Denying Terra Co-Founder's Plan

Most users feel frustrated and want nothing to do with Do Kwon

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A DraMATIC time as the token perseveres to cross $1, this metric hit fever pitch

At the time of writing, Polygon [MATIC] was trending on Twitter. You might think that's a good sign for the asset, but considering that LUNA's Do Kwon was also a trending topic, it's well worth takingThe post A DraMATIC time as the token perseveres to cross $1, this metric hit fever pitch appeared first on AMBCrypto.

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Terra Community Vehemently Rejects Do Kwon’s Proposal To Fork LUNA’s Blockchain

The Terra community has opposed Do Kwon’s second revival plan to fork Terra to create two blockchains in a bid to make up for last week’s real-time collapse of UST.

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Do Kwon Not Giving Up On LUNA Just Yet, Plans Radical Shift To Keep The Terra Ecosystem Alive

After the horrific events of the last week following TerraUSD’s (UST) de-pegging from the US dollar, Terra’s founder is not giving up on the project.

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Terra's Revival Plan 2: 'Much Ado About Nothing?' Here's what we 'Do Kwon'

A one-of-a-kind incident in the crypto market was the Terra [LUNA] debacle of last week. With spiraling investors and the start of a never-ending blame game, clouds of uncertainty haunt the market eveThe post Terra's Revival Plan 2: 'Much Ado About Nothing?' Here's what we 'Do Kwon' appeared first on AMBCrypto.

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Do Kwon summoned to parliamentary hearing following UST and LUNA crash

Rep. Yoon Chang-Hyeon noted that Korean exchanges each reacted differently to the crash and he wanted to invite both Do Kwon and the exchanges involved to learn more details.

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Terra’s LUNA Gains, Then Slides, After Do Kwon's Fork Proposal

Traders sold the tokens even as founder Do Kwon proposed a separate chain to make up for last week’s implosion of UST.

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Terra ecosystem to vote on a fork to create Luna Classic and Luna Core

Luna Foundation Guard CEO, Do Kwon, has released a new proposal entitled “Terra Ecosystem Revival Plan 2. ” In it, he has outlined an updated version of his original plan, which described forking the current Terra blockchain from a snapshot taken before the ‘attack.

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Do Kwon suggests Terra (LUNA) hard fork to revive the protocol

Do Kwon, the Terra (LUNA) protocol founder, proposed a resurrection strategy to bring the project back from the ashes. Kwon advocated splitting the protocol’s existing form into two distinct ecosystems, Terra Classic and Terra 2.

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Binance’s $1.6B LUNA Stash Now Worth $3000 — Do Kwon Finally Unveils Plan To Revive Terra

Terra’s cataclysmic meltdown has left an unsightly mark on the portfolios of holders of its tokens. This includes the world’s largest cryptocurrency exchange by trading volume, Binance.

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Do Kwon outlines fork proposal as he seeks to save Terra

The proposal is to have a new Terra (LUNA) chain and (old)Terra Classic (LUNC),…

The post Do Kwon outlines fork proposal as he seeks to save Terra appeared first on Coin Journal.

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Luna Foundation Guard reveals where missing 80K BTC reserves went

The Luna Foundation Guard, the organization responsible for the Terra ecosystem led by Do Kwon, has released information regarding its missing reserve funds. The post Luna Foundation Guard reveals where missing 80K BTC reserves went appeared first on CryptoSlate.

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Why UST's crash has experts talking and taking different sides

LUNA and UST both are showing signs of recovery after recent collapses, with the same sending shockwaves across the industry. Several experts believe that Terra founder Do Kwon is responsible for the The post Why UST's crash has experts talking and taking different sides appeared first on AMBCrypto.

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Binance CEO does not think LUNA recovery plan will work

Binance CEO, CZ, has revealed that he does not believe that Do Kwon’s plan to save LUNA will work. The post Binance CEO does not think LUNA recovery plan will work appeared first on CryptoSlate.

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Terra Luna Officially Dead, Do Kwon Releases More Statements on Twitter

After a coordinated attack last week that de-pegged the TerraUSD stablecoin, LUNA was sent into freefall as more and more coins were being minted to attempt to re-stabilize UST. Unfortunately, this caused a vicious cycle that pushed LUNA’s price to worthless levels, effectively wiping out billions of dollars worth of Terra Luna value.

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До Квон предложил план возвращения к жизни Terra — произойдет перераспределение токенов

Два дня молчал соучредитель Terraform Labs До Квон (Do Kwon) и, наконец, опубликовал свое предложение по возрождению экосистемы Terra. Новый план основателя Terra должен стать выходом из критической ситуации, в которой оказалась экосистема после отвязки алгоритмического стейблкоина UST от доллара США и последовавшей за этим «спирали смерти», которая обратила токены Terra (LUNA) практически в ноль.

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Terra (LUNA) Founder Breaks Silence, Proposes New Revival Plan for Ecosystem

Terra co-founder and CEO of Terra Labs, Do Kwon, has finally spoken on the crash of its network. He has submitted a proposal on how the embattled Terra ecosystem can be salvaged from its current ruins.

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LUNA Investors ‘Suicidal’ After Crypto’s Collapse – Do Kwon Says He’s ‘Heartbroken’

Do Kwon, the creator of defunct cryptocurrencies TerraUSD and LUNA, is now the subject of criticism and investigation after the failure of his enterprise sparked a significant market-wide catastrophe this week.

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Luna CEO Do Kwon proposes forking LUNA, UST to reimburse hodlers

Luna Foundation Guard CEO, Do Kwon, has written a proposal that suggests forking LUNA to a new chain using a snapshot from before the attack. The post Luna CEO Do Kwon proposes forking LUNA, UST to reimburse hodlers appeared first on CryptoSlate.

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Do Kwon’s Roadmap For TerraUSD To Regain Its Peg As LUNA Tanks

Terra’s week from hell continues as its stablecoin remains far from the dollar peg while its native coin has slumped to zero. However, on Wednesday, Terra founder Do Kwon came up with a roadmap to restore UST’s peg.

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Do Kwon’s Proposed Terra ‘Revival’ Puts UST, LUNA Holders in Charge

A “Revival Plan” submitted Friday by the Terraform Labs CEO would redistribute ownership of the network.

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Криптовалюта не может упасть до нуля, говорили они. Binance остановила торги LUNA и UST

В связи с критическими проблемами в экосистеме Terra, Binance остановила торги токенами LUNA и UST. История проекта Компания Luna Foundation Guard (LFG) и ее лидер До Квон (Do Kwon) прославились своим обещанием купить биткоины на общую сумму более $10 млрд для обеспечения многообещающего стейблкоина TerraUSD (UST).

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Do Kwon fears for his safety following Terra (LUNA) implosion

Korean news outlet Money Today has reported that TerraForm Labs CEO Do Kwon has requested police protection. The post Do Kwon fears for his safety following Terra (LUNA) implosion appeared first on CryptoSlate.

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Terra Outlines Emergency Plans To Save LUNA And UST

Terra’s CEO, Do Kwon, reappeared early Wednesday to present an emergency plan to save UST and LUNA. To protect against network governance attacks, the business proposes burning all UST in the community pool, burning the remaining 371 million UST cross-chain on Ethereum, and stakeing 240 million LUNA. Terra Plans To Save LUNA And UST The […]

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Terra to burn $1.4B UST and stake 240M LUNA to ‘stop the bleeding’

The Terra Money Twitter account shared the finer points of Do Kwon’s initial rescue plan: expanding the base pool, burning UST and staking LUNA.

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Terra Co-Founder Reveals a Recovery Plan as LUNA Price Free Falls

Do Kwon unveiled a much-awaited recovery Terra LUNA and UST stablecoin recovery plan in an elaborate Twitter thread on May 11. The post Terra Co-Founder Reveals a Recovery Plan as LUNA Price Free Falls appeared first on BeInCrypto.

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Who is Do Kwon, and where did all go wrong for UST founder?

I’ve been in cryptocurrency for a few years now, but I’ve never seen anything like the events of the last 48 hours. We have seen a stablecoin worth $18 billion – UST –  go poof, as well as the accompanying asset – LUNA – which was at its peak worth $42 billion.

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TerraForm Labs CEO Do Kwon announces recovery plan for LUNA, UST following crash

Terraform Labs CEO Do Kwon announced a possible “solution” to deal with the massive crash LUNA and UST experienced over the last couple of days. The post TerraForm Labs CEO Do Kwon announces recovery plan for LUNA, UST following crash appeared first on CryptoSlate.

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Luna Foundation Guard close to announcing recovery plan for TerraLuna, UST

Do Kwon has announced a recovery plan in the works for UST and, therefore, the Terra ecosystem. The post Luna Foundation Guard close to announcing recovery plan for TerraLuna, UST appeared first on CryptoSlate.

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“Terra’s Return to Form Will be a Sight to Behold,” Says Do Kwon As He Unveils UST and LUNA Recovery Plan

Drama in the Terra ecosystem has taken a turn for the worse as the LUNA price continued its third consecutive day of falling.

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