$LUNC $LUNA $AVAX After the alleged "hack," BtcTurk has decided to delist #LUNC from its CEX. Approximately 434 billion was removed during the course of the breach.
The question is, if these funds are part of the "hack," are they ever going to be unfrozen again? Are these now, in a way, burned?
If we look at what happened with Terraport, they never got their funds back nor blacklisted. What will happen with BtcTurk LUNC funds moving forward? Binance has just absorbed even more lunc regardless.
This has all happened at a very strange time when we are bound to see large movements based around #TerraClassic. Although 1.96B avax was also affected during the BtcTurk "hack," it's not the AVAX that LFG holds, which is 1.97B.
Although many off-chain user transactions are not taxable events, these bigger plays, movements, and alleged "hacks" are all subject to the burn tax. BtcTurk has shown us that, as did Cryptocom before them with failed transactions.
If the hacker did, in fact, gain access to lunc in the BTC Turk hot wallet, why did they send it to Binance, a CEX rated highly for speed, customer service, support, and safety?
This thing runs way deeper than what is currently known, way deeper. 🤔
this is an article by HC crypto !!
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