Terra Luna Updates

[wxa7115]

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.

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.

[nicolas1979]

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.

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/

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.

[Desscount]

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!

[Fundamentals Of]

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.

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.

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.

[Minecache]

Terra Luna is currently still unclear. although this project used to be so good that it made it into the top ten of the crypto coin rankings but no one knew anything bad had happened to LUNA. even if they remade the latest version of LUNA it will not fully restore the public 's trust , especially with the news circulating . seems better not to put money in LUNA just yet.

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.

[adzino]

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.

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/

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.

[malcovi2]

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.

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/

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.

[el kaka22]

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.

[wxa7115]

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.

[TastyChillySauce00]

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!

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.

[gunhell16]

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!

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.

[Frengki_cisco]

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.

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.

[JamesDaniel90]

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.

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.

[cryptoaddictchie]

I don't understand why LUNC is growing so well and the UST has started to grow along with it. It is said that many exchanges, including Binance supported the stacking of this scam. And that the validators have also decided to burn some coins in transactions. I think that if we don't consider the fact that the project has been buried for a long time, we can make some money on the current news.

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.

[cryptoaddictchie]

I think this is another strategy by luna team to attract investors into there tokens . Maybe they started market making themselves with huge dollars . But I think no matter how many strategies they use they will never be able to go back to their previous position.  And people will not trust them and they will not invest large sums like before

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.

[Scripture]

I think this is another strategy by luna team to attract investors into there tokens . Maybe they started market making themselves with huge dollars . But I think no matter how many strategies they use they will never be able to go back to their previous position.  And people will not trust them and they will not invest large sums like before

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.

[fuguebtc]

I think this is another strategy by luna team to attract investors into there tokens . Maybe they started market making themselves with huge dollars . But I think no matter how many strategies they use they will never be able to go back to their previous position.  And people will not trust them and they will not invest large sums like before

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.

[lumbanrang]

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.

[Jancuki]

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.

[coinerer]

I think this is another strategy by luna team to attract investors into there tokens . Maybe they started market making themselves with huge dollars . But I think no matter how many strategies they use they will never be able to go back to their previous position.  And people will not trust them and they will not invest large sums like before

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.

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.