HomeAltcoinTerra Classic (LUNC) Do Kwon has left Singapore on the run ?

Terra Classic (LUNC) Do Kwon has left Singapore on the run ?


Contrary to the prevailing downward trend, Terra Classic is one of the few blockchains that may demonstrate a profit right now.

Do Kwon, a co-founder of Terra, tweeted this past weekend that he was not running from anybody. However, the South Korean prosecution has a somewhat different perspective. She issued warrants for Do Kwon and five other TerraForm Lab executives’ arrests last week. Singapore should extradite Do Kwon after cooperating with Interpol.

Do Kwon had traveled to Singapore after the Terra blockchain had failed. Do Kwon is no longer in Singapore, according to recent announcements from the government there. All the more reason for Do Kwon to be “clearly on the run,” in contrast to what he claimed in his tweet, according to the South Korean prosecutor’s office.

The prosecution also disclosed that Do Kwon had retained attorneys, who had notified them that he was unavailable for a personal interview.

Course grades at Terra Tech

LUNC/USD has risen after yesterday’s decline below the $0.0002775 level of the 61.8% Fibo retracement. From here, the bulls seem to be aiming for resistance around the $0.0003375 level of the 50% Fibo retracement.

The positive rise might be continued into the 38.2% Fibo retracement of $0.0003975 if they are successful in getting a daily close above this level.

Losses should be anticipated near the 78.6% Fibo retracement of $0.0001921, however, if the daily closing price is below the 61.8% Fibo retracement. The psychological level of $0.0002000 strengthens this support.

Leave a Reply


Binance US Wins Bid to Acquire Troubled Crypto Brokerage Voyager Digital for $1bn.

Binance US, the American branch of the popular cryptocurrency exchange Binance, has won the bid to acquire troubled crypto brokerage firm Voyager Digital. The deal,...

Does it seem plausible that Ethereum and Cardano will have “catastrophic implosions like Terra Luna”?

Michael Saylor, the chairman of the Microstrategy board and owner of 130,000 Bitcoin on the balance sheet of his business, thinks Ethereum is just as...

Turkey, home of Dogecoin?

Whether by coincidence or not, Turkey frequently tops the list of nations with ongoing interest in cryptocurrency. We discovered in March of last year that...

The last phase of Ripple process has begun.

The ongoing lawsuit between Ripple and the US Securities and Exchange Commission (SEC) has entered its final phase, according to Ripple CEO Brad Garlinghouse. Both...

Follow us


Most Popular

%d bloggers like this: