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😱 Terra Classic Community vs. Karak Network: A Case of Missing 200M $USTC
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Key Details are as 👇🏻👇🏼👇🏻👇🏼:
1. Accusation:
🤷🏼♂️The Terra Luna Classic community accuses Raouf Ben-Har, co-founder of Karak Network, of stealing 200 million USTC, worth millions.
💰These funds are linked to Ben-Har's previous role with Risk Harbor, now Andalusia Labs.
2. Community Actions:
👨🏻💻Developer RedlineDrifter brought the issue to light, alleging that the missing USTC, valued at $8 million, has not been returned.
🔥The Terra Luna Classic community has actively burned 800 million USTC and removed them from circulation.
3. Karak Network’s Stance:
🤔Victor Cheng, Karak Network CSO, states that no user funds were touched.
📝He explains that the UST was sold by the Terra Foundation and will be carried forward to Karak.
4. Market Impact:
📊USTC price is currently $0.017808, down 1% in the last 24 hours, with a decrease in trading volume.
📈$LUNC price has increased by 1% to $0.0000829, though trading volume has also dropped.
Like and share if you like these details. Sharing is caring. Crypto is highly volatile and always implies high risk high reward. Only invest that you can lose. Do your own research for any financial activities. NFA.
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