Cointweets
Despite these news, I am still bullish on 
$LUNA but still check it out below:
The Biggest Crypto Scam in History, Wiping Out $40 Billion in a Single Day
The cryptocurrency market has seen its fair share of dramatic rises and falls, but few compare to the catastrophic collapse of Luna ($LUNA). Once touted as a promising and... Bullish
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Despite these news, I am still bullish on $LUNA but still check it out below:
The Biggest Crypto Scam in History, Wiping Out $40 Billion in a Single Day
The cryptocurrency market has seen its fair share of dramatic rises and falls, but few compare to the catastrophic collapse of Luna ($LUNA). Once touted as a promising and stable investment, Luna's sudden downfall erased $40 billion in value in a single day, shaking the entire crypto community.
The Rise and Fall of Luna Coin
Launched in 2018 by South Korean entrepreneur Do Kwon and his company Terraform Labs, Luna coin was part of an ambitious project to create a stablecoin ecosystem. It was designed to maintain its peg to the US dollar using an innovative algorithmic model that adjusted supply and demand. Luna quickly gained traction among investors, promising both stability and attractive returns.
However, the foundation of Luna's system was inherently fragile. Its stability depended heavily on complex algorithms and sust
Buy $LUNA and put that into https://www.erisprotocol.com/ for an APR reaching up to %150. This is crazy! Bullish
$LUNC Federal prosecutors in Manhattan charged Kwon, who co-founded Singapore-based Terraform Labs and developed the TerraUSD and Luna currencies, in March 2023 with two counts each of securities fraud, wire fraud, commodities fraud and conspiracy.
An updated 79-page indictment filed on Thursday added a count of money laundering conspiracy.
Kwon, 33, entered his plea before U.S. Magistrate Judge...
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Terra Classic and Terra community's agenda is Do Kwon.
➖Do Kwon also appeared before a criminal judge in the US. He was accused of crypto fraud. Do Kwon denied the charges.
➖ It was also shared that Do Kwon was relaxed and smiling during the trial.
🟣 There will be another hearing on January 8th. The prosecution will present their evidence, while Do...
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What is happening with $LUNA ? It is now below $.4 . Still bullish though… Bullish
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