LUNC News Latest Updates Dec 8: Terra co-founder Do Kwon blamed former FTX CEO Sam Bankman-Fried and Genesis Trading for the Terra-LUNA crisis and revealed how it happened. Moreover, the FUD related to Terra Station and Rebel Station also subdues. As a result, Terra Classic price soars 6%, TerraClassicUSD (USTC) 20%, and LUNA 5% in the last 24 hours.
LUNC News Latest Updates:
Binance Hot Wallet Has 2.37 Trillion LUNC Tokens
Binance hot wallet has 2,377,892,518,932.4516 Terra Classic (LUNC) tokens. Binance has 34.60% of total LUNC supply.
Terra Rebels Developer Releases New Alpha Package for TerraDart
Terra Rebels developer has released a new alpha package for TerraDart. The package can be used to communicate with the Terra Classic blockchain for flutter or dart environments.
LUNC Community Passes Proposal 10983 Restricting Binance Burn
Terra Classic community has passed Proposal 10983 despite many raising concerns that it may cause Binance to revoke its LUNC burn mechanism. Binance recently burned almost 6.3 billion LUNC tokens on December 1.
Terra (LUNA) Price Jumps Over 5%
Terra (LUNA) price jumps over 5% in the last 24 hours as Terra plans cross-chain developments with Terra and Feather/Alliance chains and support decentralization.
Terra Classic (LUNC) Price Soars 6%, USTC 20%
Terra Classic (LUNC) price soars over 6% in the last 24 hours, with the current price trading at $0.0001692. The 24-hour low and high are $0.0001628 and $0.0001737.
USTC price rallied over 20% amid the ongoing investigation over SBF’s role in the Terra-LUNA crisis.
Do Kwon Blames Sam Bankman-Fried And Genesis for Terra-LUNA Crisis
Terra co-founder Do Kwon accuses former FTX CEO Sam Bankman-Fried and Genesis Trading for the Terra-LUNA crisis. The statement comes as U.S. federal prosecutors starts market manipulation inquiry on SBF.
