Do Kwon on the run, Binance becomes the target of the LUNC community.

[maknyos]

If the police are already after Do kwon why don't they track his whereabouts by tracking his ip on his twitter because I see he is active in making tweets. Cz moved pretty quickly in updating about lunc after he implemented the burn lunc system through the income they receive from trading fees. but I feel worried about this news as if the Lunc holders are always worried by the issues that develop and can indirectly impact the Lunc price.

[goaldigger]

But we can't claim directly it's a pure person from the LUNC community. They could take advantage of this moment to bring down Binance because Binance, which is a platform of that size, must be very responsive in handling any attacks. I believe that binance can handle this, it's possible that LUNC will be completely delisted if that happens.

Binance already accept the proposal burning system, I don’t see any reason to delist LUNC just because of this. With the current issue for DK, I think Binance is out of this and even with LUNC since it is already a community owned and that’s why Binance also allow the burning to help many investors as well. DK transfer his crypto into big exchanges as per rumor, but I think those exchange can easily freeze the money while DK is in question here, DK should surrender now and face every trial.

[AmoreJaz]

If the police are already after Do kwon why don't they track his whereabouts by tracking his ip on his twitter because I see he is active in making tweets. Cz moved pretty quickly in updating about lunc after he implemented the burn lunc system through the income they receive from trading fees. but I feel worried about this news as if the Lunc holders are always worried by the issues that develop and can indirectly impact the Lunc price.

if i am the holder of lunc, i will just discard it as soon as possible. better buy btc instead of this questionable coin. i don't think there is something good that will come out of this project anyway. i wonder what is the reason why lunc holders keep on holding this coin?  CZ may just be doing favour for its holders. but sooner or later, i have the feeling that they will delist it once they see that this coin is going down because of DK's legal battle.

[virasisog]

If the police are already after Do kwon why don't they track his whereabouts by tracking his ip on his twitter because I see he is active in making tweets. Cz moved pretty quickly in updating about lunc after he implemented the burn lunc system through the income they receive from trading fees. but I feel worried about this news as if the Lunc holders are always worried by the issues that develop and can indirectly impact the Lunc price.

It's really a sad thing knowing that he's running instead of facing his charges. He has to fix what he has done and pay for what he did. Well, that's the risk of buying and holding a coin that has a ruined reputation. There were still investors who bought LUNA classic and LUNC despite what happened to them because of their hope that it could give them a one-time big-time profit again. Because of that expectation, they don't have peace of mind.

[erep]

if i am the holder of lunc, i will just discard it as soon as possible. better buy btc instead of this questionable coin. i don't think there is something good that will come out of this project anyway. i wonder what is the reason why lunc holders keep on holding this coin?  CZ may just be doing favour for its holders. but sooner or later, i have the feeling that they will delist it once they see that this coin is going down because of DK's legal battle.

I'm very worried that it will happen, although the classic luna holders finally support CZ decision but it doesn't guarantee that they really support luna even though implementing the goal is to burn the luna from every transaction, maybe if one day the classic luna also has the potential to be removed from trading at any time list if it is high risk for investment. I believe the binance platform prioritizes users for the convenience of investing and classic luna coins are on the list of the most risky coins to invest.

[Silberman]

I think LUNC or Luna (whatever) community should focus on Do Kwon instead of exchange owner CZ. Do Kwon truly beeped crypto markets with his coin. Not only many people lost money expecting good yield with staking mechanisms. Also it affected general crypto markets and it is messed as some people lost trust. I can't forget that crash when it first happened. I could be one of them as I also traded luna and made some money thanks to it. I was lucky.

Do Kwon is still affecting the market of cryptocurrencies, what do you think people are going to think of someone who is responsible for the disappearance 45 billion dollars in market cap in just a matter of days and that is now on the run? They are not going to want to invest in this market, and you can be sure the media will be all over this, not only because it is a huge news but also because this will hit the market hard, because even if another crash does not follow, it is almost a given this will delay the recovery of the market, making the bear market even harsher than it should be.

[samcrypto]

if i am the holder of lunc, i will just discard it as soon as possible. better buy btc instead of this questionable coin. i don't think there is something good that will come out of this project anyway. i wonder what is the reason why lunc holders keep on holding this coin?  CZ may just be doing favour for its holders. but sooner or later, i have the feeling that they will delist it once they see that this coin is going down because of DK's legal battle.

I'm very worried that it will happen, although the classic luna holders finally support CZ decision but it doesn't guarantee that they really support luna even though implementing the goal is to burn the luna from every transaction, maybe if one day the classic luna also has the potential to be removed from trading at any time list if it is high risk for investment. I believe the binance platform prioritizes users for the convenience of investing and classic luna coins are on the list of the most risky coins to invest.

Exchanges can always change their mind especially if it’s no longer profitable for them, the chance to delist LUNC is high but it wont happen in short period of time simply because LUNC has a huge community and that can totally affect Binance if ever. DK is another issue with the old LUNA and he’s on a run I guess since he is liquidating all his crypto, let’s see what’s the next headline for DK.

[CuriousGeorge]

I think LUNC or Luna (whatever) community should focus on Do Kwon instead of exchange owner CZ. Do Kwon truly beeped crypto markets with his coin. Not only many people lost money expecting good yield with staking mechanisms. Also it affected general crypto markets and it is messed as some people lost trust. I can't forget that crash when it first happened. I could be one of them as I also traded luna and made some money thanks to it. I was lucky.

Do Kwon is still affecting the market of cryptocurrencies, what do you think people are going to think of someone who is responsible for the disappearance 45 billion dollars in market cap in just a matter of days and that is now on the run? They are not going to want to invest in this market, and you can be sure the media will be all over this, not only because it is a huge news but also because this will hit the market hard, because even if another crash does not follow, it is almost a given this will delay the recovery of the market, making the bear market even harsher than it should be.

Surprisingly do known was still owning thousands of bitcoin in his wallet. He was making a transaction only a few moments after his red notice already came. I think that do kwon was real scammer. I hope that he will be jailed as soon as possible.
It seems like he was having lots of bitcoin on his wallet that will be seized by regulators if he will be catched

[Oceat]

If the police are already after Do kwon why don't they track his whereabouts by tracking his ip on his twitter because I see he is active in making tweets. Cz moved pretty quickly in updating about lunc after he implemented the burn lunc system through the income they receive from trading fees. but I feel worried about this news as if the Lunc holders are always worried by the issues that develop and can indirectly impact the Lunc price.

It's really a sad thing knowing that he's running instead of facing his charges. He has to fix what he has done and pay for what he did. Well, that's the risk of buying and holding a coin that has a ruined reputation. There were still investors who bought LUNA classic and LUNC despite what happened to them because of their hope that it could give them a one-time big-time profit again. Because of that expectation, they don't have peace of mind.

If you are guilty of what you've been doing and know about the consequences I don't think you would just let them catch you freely. What I mean is he's planning it already ahead of time that's why he's on the run. I don't know what Do-Kwon been thinking but I know for sure they were planning this from the start even if their token is not going to pump there's always a chance that they're going to dump it in the future but sadly we don't know who dumped it perhaps it was them or their team of investors as a escape goat.

[tbct_mt2]

Do Kwon is still affecting the market of cryptocurrencies, what do you think people are going to think of someone who is responsible for the disappearance 45 billion dollars in market cap in just a matter of days and that is now on the run? They are not going to want to invest in this market, and you can be sure the media will be all over this, not only because it is a huge news but also because this will hit the market hard, because even if another crash does not follow, it is almost a given this will delay the recovery of the market, making the bear market even harsher than it should be.

Why do you have to care about Do Kwon?

He is only one guy in crypto industry and the market will go onwards with or without Do Kwon. It is only because newbies are easily to be manipulated with such news. Whales and market makers know that and they release fud news at right time.

Why did they not release news about Interpol when LUNC was low? They waited after LUNC increased 6 times and started to fud.

[Paul Pogba]

This will make LUNC's position even more difficult, early September LUNC rose and once recorded a record transaction volume of more than $4 billion in a day, but after he fled slowly investors gave a negative response.

[yazher]

I think LUNC or Luna (whatever) community should focus on Do Kwon instead of exchange owner CZ. Do Kwon truly beeped crypto markets with his coin. Not only many people lost money expecting good yield with staking mechanisms. Also it affected general crypto markets and it is messed as some people lost trust. I can't forget that crash when it first happened. I could be one of them as I also traded luna and made some money thanks to it. I was lucky.

That guy really messed up with the market and he is the reason why people now have doubts to invest because they are afraid the same thing will gonna happen to them. This kind of damage is really hard to move on, especially since huge money is involved and the main culprit is on the run. And why are they turning against Binance? these people are really insane since they lost their money, they are looking into some loophole to recover it back and now they are dragging others to become a suspect.

[passwordnow]

He will not take any action on Lunc yet because it still have decent volume and trades still happening there is profitable to them so don't be surprised if Cz will not take this coin out on their exchange he's just doing business.

We don't know yet about things or updates about that case since there are many people has been rigged project I also believe that he will be jailed soon. For sure this will create big noise once he is already in jail and this could affect their coin so if I where the investor they should be aware on this to be more careful upon buying their coin.

Actually, he had the burning. It's one of his decision and the LUNC community wants him to stop supporting it.

Sooner or later, Kwon would be arrested and would be put up on jail.There's already a red notice for this man.It might not happen now but he wont really be able to get away from this.

For CZ then i dont believe about those sympathetic actions or something like this but hey, we cant really tell if he really did have that kind of support into those who losses up huge scale.
Now, it would really be just understandable that the biggest and reputable exchange platform owner will really be trying out his best to be looking good
on the entire community or going along on what the community been feeling of.

Yes, it's only a matter of time and he'll be arrested for sure. The time will be right on him and it will bring justice to those that have invested and got robbed by him and his mates. As for CZ, I think then it's just all about making profit from the fees and everything that LUNC has to offer onto his exchange. It's like a floating project because we know where the developer of it and is on the run so, it's gotta be him that does all the job for it.

Well, who ever thinks that what he did wasn't intentional, still has the hopes for LunC to bounce back, which at the same time close to impossible. People have already lost their trust in this project, most especially that Do Kwon is now facing legal consequences for what he have done.
Binance on the other hand might be in the middle of helping the project bounce back and helping users to win back their trust and losses.

I still see many are hopeful for the bounce back of LUNC. The hope is there but the reality is starting to sink in for most of its investors that there's really nowhere to go for this project unless a miracle and great pump happens.

[asyakashi]

maybe they are people who hate binance or their competitors are using this method to bring down binance. This should be investigated further, some exchanges still have LUNC on their exchanges and why only Binance is the target. I think that's the reason binance didn't take immediate action against LUNC.

[Mario Yamasaki]

Now Lunc's problem is getting more complicated because he ran away, I'm sure it will be difficult to hide in the escape, maybe soon in the will be caught but running away is not a good solution especially a few days ago ever skyrocketed.

[kesmex]

Now Lunc's problem is getting more complicated because he ran away, I'm sure it will be difficult to hide in the escape, maybe soon in the will be caught but running away is not a good solution especially a few days ago ever skyrocketed.

forget the projects from Do Kwon LUNC, LUNA, or USTC, and yes I know that these three coins are still supported by Binance,
even these three coins have always had a pump lately of course this makes holders and investors still like them,
but of course as a investors and traders I suggest it's better to just forget about these three coins because indeed a scammer is still a scammer.

[justdimin]

Whatever is in mind of CZ, I guess there's something that he's cooking. But I don't think that it's not just all about his concern about those folks that have lost a lot of money on LUNC.

We all knew he also lose a lot on luna project. Their investment blow out of steam and relying on the project development is the only option here. But knowing that his business is an exchange platform who takes on fees, I guess his already breakeven or got some profits with it. I am thinking that he is already trying out to support Do Kwon a little to make the project go back to pace once again.

They just wanted to stay relevant and people who reach the top do not accept that it's now over that easily. He got scammed basically by whoever, and the project got crashed and that’s a horrible thing but he couldn't accept it, and kept it going and with both LUNA and LUNC at the same time, he tried to recover from the bottom he fell.

This of course didn't really come without cost, because this caused him to be a fugitive now due to all the troubles he has caused and that’s understandable, it’s not going to be that shocking. So, I would assume that the best thing he could do would be slowing down, and not chase that high again, won't happen.

[sayaya17]

Now Lunc's problem is getting more complicated because he ran away, I'm sure it will be difficult to hide in the escape, maybe soon in the will be caught but running away is not a good solution especially a few days ago ever skyrocketed.

forget the projects from Do Kwon LUNC, LUNA, or USTC, and yes I know that these three coins are still supported by Binance,
even these three coins have always had a pump lately of course this makes holders and investors still like them,
but of course as a investors and traders I suggest it's better to just forget about these three coins because indeed a scammer is still a scammer.

We really should avoid investing in projects related to Do Kwon, even though they are still listed on popular exchanges. As you said as long as
these projects are proven to be scam projects, why do we take the risk of investing in these projects. There are still many other projects that
are better and safer for investment. It's better for us to take safe steps, rather than forcing us to invest in scam projects like LUNC which will
definitely have problems in the future, and eventually we will regret with our own decisions. So in making decisions we must be careful and
do not do stupid actions just to pursue profit. We must be full of calculation in making decisions.

[maknyos]

They just wanted to stay relevant and people who reach the top do not accept that it's now over that easily. He got scammed basically by whoever, and the project got crashed and that’s a horrible thing but he couldn't accept it, and kept it going and with both LUNA and LUNC at the same time, he tried to recover from the bottom he fell.

He did the stupid thing a second time in this case. even when he chose the option to support investors' losses through Hf LunaV2 he just made the situation even more complicated. well in this context it's as if he wants to let himself go in the carelessness he did. Now that we have an arrest warrant for him, what can we expect in the future? whether LUNC will be dumped by the pope when he is caught by the police.

[serjent05]

According to Interpol's website, Red Notices are "requests to law enforcement worldwide to locate and provisionally arrest a person pending extradition, surrender, or similar legal action."

Source

I thuoght he is currently in the custody of the South Korean legal authorities, considering he said he would always be cooperative^[1] with the legal consequences. The question is, is Do Kwon still under management with Luna Classic?

Do Kwon fled out of South Korea and is hiding days before the scandalous event of Luna happens.  It looks like he knows about the crash and purposely move to singapore for some reason though, he had explained it here[1] but I do not believe that is the case. There is also news that Do Kwon isn't in singapore.[2]

A few days ago, there was a Twitter trend of the BoycottBinance hashtag by the LUNC community, urging CZ to carry out the Burn Trading Fee mechanism which was finally implemented^[2]. The initiative is still questionable, whether binance is really worried about losing a number of users, the new smartcontract protocol, or cz just wants to help holder losses in the past by this mechanism.

1. https://cryptonews.com/news/where-do-kwon-terra-luna-boss-claims-hes-not-run-from-law.htm
2. https://www.binance.com/en/support/announcement/4769eab576c4479eaa14adc1eb587226

Well, I think CZ has his plan and we do not know what it is.  I think we just need to wait and see what will happen next.

[1] https://coingape.com/breaking-do-kwon-clears-the-air-over-terras-singapore-move/
[2]https://time.com/6214473/terra-founder-do-kwon-is-no-longer-in-singapore-he-says-hes-not-on-the-run/