LUNC News: Terra Luna Classic neighborhood members search 200 million USTC from Coinbase and Pantera Capital-backed Karak Network, claiming Karak co-founder Raouf Ben-Har has stolen the crypto asset price tens of millions.
Meanwhile, the neighborhood has made vital efforts to take away 93 million LUNC and 87 million USTC within the Terra Shuttle Bridge (BSC) contract from circulating supply.
Terra Luna Classic Seeks 200 Million USTC
Terra Luna Classic developer RedlineDrifter reignited buzz locally concerning the lacking 200 million USTC. He alleges that Coinbase and Pantera Capital-backed Karak Network has not returned USTC price $8 million that belongs to the neighborhood.
RedlineDrifter identified Karak Network co-founder Raouf Ben-Har for lacking crypto belongings that date again to when he operated below Risk Harbor. The Risk Harbor workforce is now rebranded to Andalusia Labs. The Terra Luna Classic neighborhood claims Risk Harbor workforce used an admin operate to withdraw 200 million UST (now USTC).
The neighborhood member joined BNB Chain X house that includes Karak Network, Lista DAO, and Listapie to ask concerning the lacking 200 million USTC. Notably, Terra Luna Classic neighborhood has burned 800 million USTC and brought out of circulating provide.
“No user funds were ever touched. Foundation sold UST that the Terra Foundation minted and provided (which eventually dissolved) for pennies on the dollar after riding it down to 0, which will carry forward to Karak. Simple as that.” stated Victor Cheng, CSO at Karak Network.
Also Read: LUNC Price Flashes Buy Signal Ahead Binance Burn As Over 1 Trillion LUNC Staked
USTC and LUNC Prices Performance
USTC price trades at $0.01808, down 1% within the final 24 hours. The 24-hour high and low are $0.01803 and $0.01842, respectively. Trading quantity has decreased by 32%, indicating a dip in curiosity amongst merchants.
Meanwhile, LUNC price has jumped 1% previously 24 hours, with the value at the moment buying and selling at $0.00008329. The 24-hour high and low are $0.00008159 and $0.00008396, respectively. However, buying and selling quantity has decreased 23% within the final 24 hours.
The neighborhood expects a major restoration in costs after Binance LUNC burn and Tax2Gas implementation in July.
Also Read: Bitcoin Price To $65k Or $55k After US PCE Data? IMF Asks Fed To Delay Rate Cuts
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