Now it is very interesting that yesterday, after Chris Amani (TFL CEO) and TFL (Terra Form Labs) and $LUNC community had an x space chat on the x platform,
BTC Turkish exchange was hacked and they announced that 10 cryptocurrencies were affected,
But the main ones affected were LUNC and $AVAX , as a result, at most 300 billion LUNC. was stolen, and when the hackers transferred these LUNC's to other wallets and exchanges, 6.5 billion LUNC's were burned 🔥
Which is 6 times more than the LUNC burning of the @Binance exchange last month 👀
What is very interesting is that after that 1 TRILLION LUNC was staked and close to 20% of LUNC was dumped and burned in confusion.
Remember, the next #Binance monthly LUNC burn will occur in 9 days.
🚨 LFG (Luna Foundation Guard) transferred the its $AVAX balances in its reserves to the bankruptcy fund.
This transaction was carried out as part of Terra's efforts to manage its assets following the collapse of UST stablecoin and related financial problems.
LFG had previously purchased AVAX to bolster UST reserves, but ongoing financial difficulties have required a reallocation of these assets.
So, the total amount of AVAX held by the LFG was 1.97 million.
Now, these funds no longer exist but we shouldn't froget that LFG holds a significant amount of $USTC and $LUNC 🌕
🚨 JUST IN: Pulsar Finance announced that they plan to save their startup
So, what is Pulsar Finance? Let's find out:
The company offers comprehensive management of decentralized finance,
Centralized cryptocurrency exchange, and non-fungible token assets, enabling rapid indexing and decoding of blockchain data for developers.
With Pulsar Finance, the leading Web3 portfolio tracker, you can effortlessly monitor all your tokens, DeFi positions, and NFTs across Terra and over 100 other blockchains.
So, Multichain Portfolio Tracker Pulsar Finance is now FOR SALE
But how will they save their startup? Here's how they will save their startup:
🔷️ Despite being one of the biggest Multichain Portfolio Trackers in the space, their story actually started as a small Terra-only Portfolio Tracker.
They were part of the first batch of Terra projects, back in 2021.
🔷️ Unfortunately, On May 9th, 2022 the infamous UST Depeg occurred, wiping out most of our personal money and all our product development.
🔷️ So, 2 years later, they are now absolutely crushing the Portfolio Tracking space.
Now supporting 114 Chains (EVMs, Cosmos, Solana ) and most dApps.
Ending 2023 being acquired by Terra Money.
🔷️ Even though this is the end for TFL, for Pulsar this is the start of a new chapter.
They've built one of the most loved Web3 apps.
They’ve been working on a new product that will completely take the Web3 space by storm.
There are two Solutions going forward:
🔷️ Raise a round from community & VCs to buy-back the IP
🔷️ Acquisition by an ambitious Team, with a big vision
🚨 SEC announced that Montenegrin Prime Minister Milojko Spajic was one of the first investors of TERRA 👀
So, he had invested in old $LUNA ( $LUNC ) and UST ( $USTC ) coins 🤔
Also according to SEC documents, Prime Minister of Montenegro invested $75k dollars in April 2018 to purchase old LUNA ( Now LUNC ).
At peak prices, his stacks were worth more than $14 million.
The findings were made via an SEC filing. Before the filing, Spajic had claimed that he never personally invested in the project, according to Cointelegraph.
For some, this was likely one of several reasons behind the difficulties faced by both the United States and South Korea in their attempts to extradite Terra-founder Do Kwon back to their respective jurisdictions.
Maybe that's why Do Kwon was detained in Montenegro for so long 😅
🚨 Chris Amani | TFL CEO posted on his x account that he will have his upcoming AMA with Host Mr. Diamondhandz (one of big supporter and holder of LUNC ) 👀
They will discuss about future of $LUNC , $LUNA and more ⏳️
Specially, they will discuss about amount of burning of LUNC and $USTC by TFL (Terra Form Labs)
After the cort (between Terra and SEC) CEO of TFL Chris Amani did post his statement about Terra and $LUNA on June 12
He said that Evan Docs will post a community proposal to burn all of TFLs unvested Luna and everything left in their wallets including $LUNC , $USTC and etc. will be burned by TFL 🔥
However, there occuer a question that how much LUNC and USTC will be burned 🤔
Because we don't know yet that how much LUNC and USTC they can burn 👀
🚨 SEC announced that Terraform Labs will pay a fine of $ 4.4 billion, so TerraformLabs has agreed to pay a fine in damages in its lawsuit with the SEC.