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From the news I have come across, it seems that the former employees of terra form labs who developed the controversial Terra luna and UST have no escape. The Soul southern prosecutors office has issued a travel ban on Terra Luna employees. This is to prevent them from leaving the country and escaping potential cases and investigations against them. Many were also affected when Terra Luna and UST collapsed in Korea. And the estimated Koreans affected are around 200k Koreans and the employees of Terraform Labs are also annoyed, but other employees are willing to cooperate if necessary.

According to the report, the passport of the CEO of terra luna may be invalid. Currently living in Singapore. But despite this, they were able to launch Luna version 2.0 up and down the current movement. But Do Kwon still denied that he cashed out multi-million dollars before Terra Luna collapsed.

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Referrence:
https://techcrunch.com/2022/05/20/terra-creator-do-kwon-faces-prosecutions-in-south-korea/
https://cryptopotato.com/terraform-labs-terra-staff-reportedly-under-investigation-by-south-korean-authorities/
https://forkast.news/skorea-blocks-ex-terra-employees-leaving-country/

Don't read news about Terra Luna at this moment, you will not know what to do if you are affected by news.

Luna Classic will not die and it is good news for people hold it.

The chart shows LUNC has a several weeks of accumulation and might pump anytime. But you can not exclude a crash to 0.00006 to 0.000065 before it will begin another good rise.

Burning creates value and LUNC is being burned. Value will be gotten even it takes so many months.

There is no point in following the news of the project if you are an investor. The reasons that attracted millions to the project have disappeared and confidence has collapsed and it is impossible to restore it at the present time. Therefore, there is no hope for the project to live, even with the recent updates that have been followed.

But if you have money and you lose it, it depends on your country and the development of the case, but it is difficult to be compensated now or it may take some years.

Not sure though about the latest in Luna, but from what I heard, yeah, the South Korean government are really doing their best to bring justice to all the victims on this project. I think Do Kwon has no escaped because the prosecutors have been digging about the past of the people involved in this project and they found that this might not the first time that this individuals have been involved in this kind of fraud. I just hope though that the victims can at least be compensated specially those who lost a lot of money in this project.

This is really sad. One of those projects who gave millions to investors but also damaged a lot people especially those who are new in this industry who were carried by the waves of 'hype'. No matter how many times we say "learn from this", there are always people who are getting caught off guard. No one expected? I'm sure there are people who managed to foresee what happened. Still sorry for those who lost ton of money. I've also read an article wherein a person took his life out of his frustrations with this project, which makes 'it' fresh at this moment.

Whatever news the Luna team puts out, you better be careful because we don't know what will happen next. I heard the government would soon put Kwon on trial, but I didn't know the truth. Better not to try to risk investing in Luna for now and let them sort things out first. Many other coins have the potential to give us an advantage while we wait for further notification from the Luna team. But if you still want to invest in the project, I just remind you not to use big money because we don't know the risks.

That's the only revenge of those poor victims and investors of theirs. But anyway, it's better to unwind and stop following news about them and these projects specially for those mentally affected by the great dump of their projects.

4 projects right? CMIIW including their new ones.

That's a lot and they've made a lot of money from those fake promises and yet their investors still had believed them.

Who else currently believes in LUNA? this has become a trash can and has long been abandoned by many investors. People will no longer trust anything the LUNA developers do.

Your advice should be heeded to. Those who have already lost money in Luna have to move on and save themselves some sleepless nights of worries while investigations into the fraud continues. It is a shame that some employees of Luna aided that scam which has make alot of investors loose money. This scam is the talk of the town in this year's cryptocurrency events.

Whatever updates coming out right now regarding Luna isn't really relevant tbh, people have lost money and trust in it, and quite a lot of them might not be able to ever recover from their loss, do you believe such people will care about anything regarding Luna again, other than how they can get compensated, if possible anyway. Imo, there is no hope for this project, i know quite a lot of people are still hodling this coin and waiting for a miracle to happen, and i wouldn't really blame them, but those i'd blame are the people who still bought after the crash occurred, expecting a different outcome from the project, it is just basically rinse and repeat, with people hardly ever learning from the experiences of others.

Despite launching a new coin as a replacement for Luna, they will never regain the trust of their investors again. The damage has been done and they should only pay for it. Investors who have their lives ruined because of Luna deserves justice. It's a good thing that South Korea is doing its part to investigate and solve this case. It's just sad for innocent employees who are suffering for things that their employers have done.

All of latest news about luna related to the investigations for the company. Even some big countries have been trying to investigating this shit together. Do kwon was facing a huge problem and he may go to the jail as soon as possible.
Terra luna collapse was a very very bad thing for a lot of people. I will not be interested to see the latest update caused by whole of news are about the process to bring do kwon to the jail.
I just wanna see the result whether regulators can take a good step for the victim from this project or not. Billions getting wiped out in a few hours.
That's worst thing.

How much will Luna Classic pump  ???  People have bought this crap for 50$, 40$, 30$, 10, 5$ and so on.

No matter how much it pumps it can never reach even one dollar. Luna Classic investment can only be profitable for those who are buying it.
now. Old holders / buyers are rekt.  :'(

OP seems to believe Luna, no one out there goes into the same hole except the donkey. whatever the name, while creating the same developer and team, they are still they will plunge you are and steal your money.

What do you expect from news like this, everything about Luna is over and there is no way to recover Luna, it's true and we should forget all about it.
Dokwon continues to counter that he has nothing to do with Luna's downfall, he is also just a victim, but rather that he is hiding in Singapore and refuses to return to Korea. It shows that he is afraid when he returns he will face the law, it is clear that he is avoiding responsibility.

I think the latest update that worth reading from the debacle that Do-Kwon did to the crypto space is when everyone was behind bars, their investors get their money back and people learning from from it.

And for those who are lucky that they didn't invest or bite on the early success and ride on the hype, then good for us. But those who have lost a lot of money, hopefully you guys received the money that you lost here. And I don't think that Luna or any one associated with this project should gain their reputation from the community.

When i see terra luna i feel very very angry in my mind 😡😡😡 but this is my bad luck why i am invested in terra luna. My portfolio totally gone after terra crash.

that's what I'm more interested in than general news like this, Dokwon deceived all the investors and took their money
to date, no legislature has convicted him and returned the money to investors, in a recent Dokwon interview since luna's death, he said that he didn't receive any summons from the country he lived in about luna's death, he thinks he's also a victim of luna's collapse

Those who invested and lost in Terra Luna are the ones who might get affected into this kind of news but for me, I'm not affected at all and will never invest still into a project that has "Terra" on the start of it's name.

Well, employees of TFL might also involved into what happened to the project so it's a good thing that they issued a travel ban to them. Overall, if you invested into Terra Luna, your money will not get compensated anymore so just move on and don't read articles regarding Terra or Do Kwon because it will only piss you and make your day bad :D. I'm just hoping that their new project will not be the same as the first one because it looks like many are still in support of Terra Luna project.

Yes, it is very sad to see so many people whose lives have been ruined because of LUNA. In some cases, the investors even committed suicide. The investigations carried out by South Korean officials also don't seem very helpful, because in fact, Do Kwon is still out there enjoying the money he made from the destruction of LUNA.

You may feel so difficult to fine someone who still believes in luna here but if you go to the its official telegram groups and there are thousands of people keep beliving if luna will be going back again to the three digits. I know that's unbelievable but this is real.
Im also joining in official group as well. Bunch of awareness thread didn't even enough to make them all forgot if they got scammed by luna.
This news meant nothing for them even they hope for the miracle to happen with this dead project. I believe all of luna developers will be catched by regulators soon.

Probably one of the worst investment too I made.  I get hyped by Luna crash knowing it could somehow recovered but instead got a loss.  But I let it be a learning experience for everyone that even a top notch project arr all safe.  Well,  it shows that Do Kwon still trying to revive his luna project but surely it will be hard for him with such mess it create for sure investors arent blind and stupid to throw a lot of money into it. 

Who knows?

What increase is enough for you, it depends on your risk management and profit expectation. Only you know what you want and what is enough for you.

Who care?

We are talking about current price and what might happen from chart perspective. We are not talking about what happen in Terra fiasco and how people lost months ago. I think if you want to have a safer entry, wait for price I discussed.

LUNC increased a little bit in the last day but personally I will wait for lower entry.

Risk is very high, I wouldn't touch Luna and Lunc they are a ticking time bomb. the SEC and korean authorities can anytime shutdown Terraform labs and the remaining Luna ecosystem will fall apart. Terra won't be developing anything anytime soon because they are busy dealing lawsuits and raids from authorities.

IMO, I believe the South Korean authorities have already Launched an investigation regarding that fiasco of Terra Luna, so I guess it's better to leave that issue hanging for some time to avoid bad memories coming back, it is very hard for some people who experience that Tierra Luna downfall and loss their hard-earned money so I hope that justice will be served soon.

I am wondering how the CEO Terra Luna is able to do this again?  From where these peeps get their nerves or strength thinking that they can get away with what happened in the past and still market their product.

In fact he is so confident that he has not even changed the name for the project and made it version 2.0 So what does he wants us to think here? Whether LUNA 2.0 is gonna be worst than what it done to us in the previous version. ROFL!!

I am pretty sure we have to keep our hands away from this person's project forever. Peeps are anti-Elon! But LUNA, dam, it was nuke in the crypto world.

That's what is everyone thinking or at least most of them because how come you will take a risk to some altcoin when you have a variety of choices especially if you have still bitcoins out there that are currently at a lower price? Considering its past history, bitcoin has a more successful recovery when its price decreased in the past. About LUNA, then it's all a high chance risk and the chance for it to be successful again is quite low or I may say the chance is even negative.

Let me tell you something bro. No one will believe any of Do Known's projects. Terra Luna was. Top 10 coins by marketcap. What every person had in their mind, this coin will not be believed by anyone in the future. Because this coin has been crashed by design And for this, a total of 8 people in the world have committed suicide. There are many more that have not reached the social media. No one will believe anything of this Do Known. So there is no benefit for its update because it is the biggest scam project. I hope you understand.

Really doubtful about the emergence of Terra Luna, people will ignore their development, and too many people have been eaten by social media, I hope everyone here will learn from Luna's past where they harmed many people especially investors..

Tera Luna employees are trying to save them selves I see. This is being serious right now because of how their government are being tight on them and I won't be shocked if someone from those employees becomes a whistle blower against the company soon. I don't think Terra will recover from their massive downfall given that investors lose their trust and their government is investigating them if they did foul moves to their project. Even if they do a new coin over and over again it will not reach the massive growth of LUNA that they did before.

You better don't click titles and topics that are related to it. Give yourself a break and have your inner peace and mind a focus instead of reading articles or news like this.

I know that it's hard and you can't resist when you see such but help yourself to avoid them so that you'll protect your peace.

That's the little that I can say to you because there are many of you that have been a victim of these projects.

What I understand is that no matter how many updates come out from Terra Luna, the investors who lost their money cannot be recovered. Although the team is trying hard but is it possible? Most investors who walk away and disappointed will not find the confidence. So it might be a kind of hope that will never fill.

Yes, that's the most important in crypto: trust. Terra team lost this months ago. No amount of updates can convince investors to risk their money in the LUNA coin again. No trust from investors, no partnership from any big names as well. There is a case where top exchange like Binance has received the blame from investors for letting LUNA/UST coin trade on their site.

Luna 2 is a way to write-off their previous sins and attempt to bring back algo stable coins and revive the ecosystem I wont say their ecosystem is bad I think is wonderful and and the UI/UX is sleek but at the end of the day they bite more than they can chew and the where actually arrogant around the coins and chain development When you handle large amount of firms the best idea is go easy and have room to fall back and make changes

No, It was already stated that they will no longer be dealing with stablecoins and they would just focus on building on the luna ecosystem. I really think that there would be no legitimate institutions going to build on their blockchain because Luna 1.0 destroyed their reputation, there were even S.Korean game companies that were building their nft games but were heavily affected and their customers was blaming the game companies when they dont have any control on what happened.

New project? If Dokwon and his team continue to develop another project, I do not think anybody will be able to have the courage to put their faith in them once again.

It is clear that the people who are still supporting Terra are people who have lost a lot of money and are unable to accept that their money is no longer. Many people have poured all their wealth and savings into Luna and now they are completely devastated when the Luna incident occurs. They are therefore clinging to their last chance of regaining their money by holding on to it and praying that Terra will recover one day.

The employees of Terra Luna are now being prosecuted and even banned to travel but I doubt they have a hand on what happened to the project. They are not that powerful to make big decisions on behalf of the company. And the CEO itself is still free until now? Why is Do Kwon not even arrested? Do Kwon and the other top executives of the project should be the ones that will be tracked down and arrested for what happened to the money of their victims.

Perhaps, the other community trading investors here in this industry are doing the same thing, why are they still buying, because no matter what happened in the past, they are only looking at the current one in LUNC that may pump Well, this is in the future and that's probably one of the reasons, honestly, even I invested in lunc now for just 15$, win or lose is okay with me.

That's how we traders are, what's low now in the market will surely kick the price of its value in the future once the bull run starts again.

CEO was also facing regulators in south korea. Do kwon has hired a lawyer for that. Im sure that of whole of terra luna team will be jailed. They have ruined people's life. Do kwon must know if jail was exist and he will be going in.
CEO was also being prosecuted and banned. yeah he was still in SG.

He is still in singapore how can he be jailed, and I have not seen any information that he has been summoned back to Korea to face luna's death. The legal authorities are still strong enough to sue Dokwon with his team.
Until now many people still hope for luna's return in despair. I hope the Korean government will soon imprison all those bastards.

I really hope the developers of Terra Luna face jail time because of what happened, so I support the efforts of the Korean government to find out the truth and get to the bottom to all of this.

The actions of Do Kwon are irresponsible at best and criminal at worst, so I would not be surprised if we find out the guy is hiding a massive amount of money, after all even if he spent some time in jail if the time is too short he could still enjoy the massive amount of money he stole, so the Korean governments needs to find enough evidence to threaten him with spending the rest of his life in prison so he is compelled to return all of that money and the victims can recover some of the money lost in this scam.

That something bad happened to Terra, they tried to scam a lot of investors. Coin prices drop suddenly, and UST as a stable coin also does not have a USD equivalent value. Then they tried to develop V2. Regardless of whatever reasons they give, they have made a lot of losses for investors, not only investors in Korea, but also foreign investors.

I really hate Terra Luna, even though they have an update I have stamped them with a scam project!,
I think all investors, traders also agree with me, only stupid people invest in Terra Luna again!
go from there, and look for potential projects, because altcoins are not just Terra Luna!

Yes, Do Kwon is still a free man despite all the people's money that he burned. Of course he is under investigation in South Korea but is he even extradited to face his many criminal complaints there? No. Of course he's got his top-notch lawyers because he has made billions out of his scam. He paid teams of lawyers to face the cases on his behalf and he is freely busy doing and thinking of other things like his next crypto plans. His ordinary employees on the other hand were now prosecuted in South Korea and are probably facing a very stressful life. Do Kwon is having the time of his life in Singapore.

Terra and Luna's future is so clear, they're dead and there's no hope. The terra team hasn't taken any action since Luna started falling and they let it die quickly. Then they proposed to create a new version to steer people in a different direction so as not to be prosecuted for killing the old Luna and in the end they succeeded, people started to forget as bear season kept crashing with other big problems.

This is going to take decades if not years to solve the case and provide "justice". I bet they all "cleaned" themselves right after the crash to make themselves look innocent. Luna 2.0 is just an eye candy for people that lost money. They are forcing themselves to believe that Luna 2.0 will fix everything. And then there are people that still believes Luna classic will make a huge come back. Sadly they don't realize that the project is dead.

I think it will only a few years because there were companies who building in the Luna blockchain and they were affected with the problem and there are rich people invested in the Luna ponzi scheme, I do not think that they want Do Kwon happily scot free from this incident.

Terra Luna is being investigated by S.Korea and U.S. agencies plus he is being charged with lawsuits by private individuals.

Cannot believe that people are still trusting this project, nobody should trust this project at all, I do not see how it could ever be something good at all. I personally believe that the one thing I believe is that we shouldn't really be believing that we could get something decent out of it.

Luna is gone, it is a horrible thing now, it was always a horrible thing but we didn't know, never had any by pure luck, could have bought some back in the day, and now at least we know it is a horrible thing and we shouldn't be investing into it at all. If you really want to, just go ahead and do it but I do not think that it would be a smart idea at all.

You know what they say reality can be stranger than fiction and this is one of those cases in which this is true, common sense will probably say that a project like this and the people that are behind it should never be trusted with any amount of money for the rest of their lives.

But the ignorance and greed of the people are so out of control they cannot really understand what's going on, Luna is never going to recover and quite honestly it is for the better, because even if we assume that a miracle could happen and a recovery began to take place this will eventually create an even bigger crash, and in my opinion Luna has already damaged this market enough, so it is better to not give to them another opportunity to do so.

Just see the market and there are bunch of stupid people invest in terra classic and new terra. People never learned if they have lost so much money on this scam coin. They keep pouring their money to the scammers. People are so crazy and they didn't even care with their money anymore. Im always stay away with this piece of shit runs by bunch of scammers.

After the events that made LUNA a huge scandal, there are actually many community investors here in cryptocurrency who are angry and very annoyed with this token. And we can't blame this person especially since the amount of involvement they allocated to this token is huge because of the belief and trust they gave.

And now, in an instant, these investors disappeared really quickly. But it's surprising that despite the events like this, there are still people who buy the tokens of their terra classic launch, that's what I don't understand about these buyers, they have seen what LUNA did and its effect on the market any way they are still willing to gamble it.

That's why I don't care what they are trying to do to regain the trust of the community here because I know that even if something is broken, it already has a crack, and it will never be removed.

I have long forgotten Luna 1, Luna 2 and Ust, I've had nightmares about these coins, regardless Do Kwon is responsible or not for the stupid behavior he did, Luna's dream has faded and black, a thousand news that are loaded about Luna I don't care anymore, for me Luma is gone and dead, there is no update.

Luna is only gone to those who invested in it before the crash. Those who invested around 0.00009 like myself have now seen over 100% profit.

I do not believe it will get to $1 like many say it will, but I am hoping it will reach $0.005 one day which will be more then enough for me and will be a great return.

Obviously some whales are making it move to attract retailers to buy and expect a little more shiba pacing but eventually we will see how the market will turn once those whales unload their bags simultaneosly. There is no reason to stay bullish on a scam project that has been red flag too many times already.

Possible that they are using their money to pump this but I agreed with you. The trust of the people has been broken too many times and I doubt there will be institutions that brave enough to put a huge cash bank on their protocol especially that their founder is really worthless when it comes to community feedback and even trash talk some users.

That's a huge money to pump seriously, maybe this is the effect of their burning mechanism but I agree, this is not enough to get back the trust of the investors. This pump might be temporary only so be cautious if you are going to deal with LUNA again, if you can ride this trend early and take profit early, much better but I don't suggest this for long term holding, the hype will fade again for sure.

I think they used their own money to pump it but not to get people back to luna they are continuing to make money by manipulating, hyping it making people think they are bringing the project back once again.

I believe some people will mistakenly think so and they will buy at pump price and then luna team will continue dumping to make a profit. It's not easy to push luna back once the community's trust is gone, even if they pump billions of dollars to save luna right now. Dokwon wouldn't be stupid enough to run away and suddenly come back to save everyone.

And how dare they want to launch LUNA 2.0 when their case is still ongoing? I can't understand what this Do Kwon is thinking, is he stupid or shameless? who would want to invest in LUNA 2.0 after knowing his previous case.

This project can be said to be one of the causes of the market crash, it can be said that this is a phenomenon that is considered the first time that the global top 10 coins have collapsed. For me, this is unbelievable, but how else in the crypto world can anything happen. I can only hope that there will be clarity for investors who have lost their assets.

But I would like to see in different way. Maybe they can do that especially LUNC, this token is considered as high supply and low in price so they can use it as their next strategy. A large number of investors will want to invest here due to less price. Here if they try to bring the value of a token to 1 cent then they will be success.

Its supply is so huge so I think it would rather hard to grind that up even though theres a lot of retailers. There are some who bought would literally dumping on others so the result would be pump and dump. As much as we wanted ro recover the previous luna price, it would take a lot of money to do that. Especially now that there are sub groups who hate Do Kwon for doing the luna tragedy.

Luna already launched luna 2.0
it has traded in so many major exchange sites. If you are always following any update in luna and then it may become a good thing for you caused by you can scalp it easily without any problem. The recent pump was getting triggered caused by there was also information regarding the new update for validators to support lunac new staking and burn. People are again FOMOing it even during the bearish market. it seems like so many gamblers on it.

Pump is ongoing and like what you have said there are investors and traders who are willing to take the risk,

They are willing to scalp and try to make something good out of this asset, but in terms of trust I, probably

assuming that those who are participating are more on doing a short-term trade, they are trying to make something

decent out of this coin. Though they are well-aware that they are risking their money from this project.

Even though the Luna CEO Dowen and his member of staffs have been ban from traveling out of the country for proper investigation and to avoid possible self-exile, the hope of investors getting their money back is not in sight and little can be done about that and even if anything will be done to recover the funds is going to take a lot of process and time to make that happen since we are in crypto space were scammers can easily avoid facing judgment for a long time without being brought to book.

Luna 2.0 was a failure on arrival because the Luna community have lost trust in the project and those still investing in the project are just there to recover the losses, and that is not even a good move to me as the project is now a mere scheme to exploit investors by making them believe there is the hope of recovery.

Gone or good? But, any of the two is still correct. Gone because they won't invest on it anymore as they already earn a nice profit and they are aware that it's risky to re invest. Good because of that reason that I said earlier while those who got scammed and are late on the party will say that luna is a bad coin.

You invested before the crash but didn't you sell your coins because you got greedy? That's very unfortunate but I hope you can still get something out of it. That is right, don't wait for the price to reach one dollar. You already learned your lesson so don't repeat the same mistakes again. For those who are planning to hop in, better if you don't continue it. It's not advisable anymore.

Yes, all those who are participating in this project are consciously taking the risks. Many of them think they might be able to kill the first two 0's Or maybe it's possible in a few days. From this point of view they have invested with the risk. I have already managed to make some profit but it is increasing further. I think buy positions will come back again.

You can't convince me that the Terra team isn't involved with the Luna crash. They cash out huge amounts of money from the market. But they always denied it and create version two instead of burning old coins. As we saw Binance's CEO had suggested burning extra supply and going ahead. But the Terra team never heard that. A lot of investors lost their lifetime earnings. Even I lost approx $5K in the last waves. So I am not interested to hear their fucking excuse.

Investors have lost some of their assets due to the investment hype for high profits but the price of Luna crashed to almost no value, actually the current price increase doesn't mean anything and even the price can't recover to $0.1, the current price condition is affected to pump and dump then be careful to get involved in trading Luna coins even for short term profit.

I think Luna will never recover. No matter how much they encourage people, they will never believe it again.People have lost the most by investing in Luna.Many times to encourage people they are Burn tokens and giving different updates news.I think this is completely stupid because I don't think Luna will ever recover.Because there was a lot of recovery time during which they could not do anything.

when it first launched i was hoping this token would be different from the others but it is happening now i am very sad to see the project fail, and they are trying to bounce back with Luna 2.0, but people are already disappointed so investors are unlikely to come back

I think that there are indeed a lot of gamblers who trade LUNA 2.0 and it is possible that the team from LUNA is deliberately pumping it, so many people will think that LUNA 2.0 is a successful project even though it is trash just like the previous LUNA

At this point in time the credibility of the developers should be zero, if not even lower than that, I really think the developers of Luna saw the writing on the wall and immediately realized that it was time to make their exit if they wanted to make a fortune.

So they cashed out and let their coin to collapse, the issue for them is they got too big to ignore and now the authorities seem to be all over them, something I hope ends up with them on jail as there are many people which not only lost their money but even their lives during that crash,