Luna Classic (Former Terra)

Luna Classic (LUNC) is the native token of the original Terra blockchain, which was launched in 2018. Previously, there was an exchange relationship between LUNC and UST, an algorithmic "stablecoin" intended to have a constant value of $1. After UST depegged from $1 in May 2022, the price of LUNA and UST crashed. As a result, the Terra community voted to create a new blockchain. The original Terra blockchain and LUNA token were rebranded as Terra Classic and Luna Classic. The goal of Terraform Labs, the firm that developed the new and old Terra blockchains, is that the protocols and applications of the Terra Classic network will migrate to the new Terra 2 blockchain. As of June 2022, the future utility of the original Terra blockchain is uncertain.

Terra

Montenegro says Terra's co-founder is facing criminal proceedings for using falsified travel documents — and if convicted, he would have to serve a sentence for that first.

South Korea and U.S. Request Do Kwon's Extradition — But It Might Not Happen Soon

Terraform Labs CEO Do Kwon is set to face court in Montenegro before any potential extradition to the U.S. or South Korea, the country's justice minister said.

Do Kwon to face Montenegro justice first as US and Korea vie for extradition

South Korea and the U.S. are seeking the extradition of Do Kwon, an international fugitive accused of a multibillion-dollar fraud, and another suspect arrested in Montenegro last week, the Montenegrin Justice Minister Marko Kovac said on Wednesday.

S.Korea, US seeking extradition of crypto entrepreneur Do Kwon -Montenegro

Marko Kovac said the Terraform Lab founder's extradition proceedings would follow a criminal case for ID document forgery

Do Kwon Extradition Sought by U.S., South Korea, Montenegro Justice Minister Says

According to a report, the recently arrested Terraform Labs co-founder Do Kwon was able to register a company in Serbia just a few weeks after Interpol issued a Red Notice for him. Lawyers that helped Kwon form a company in Serbia reportedly said they were not aware of Interpol's Red Notice against their client.

Report: Do Kwon Successfully Formed a Company in Serbia Weeks After Interpol Issued Red Notice

A prosecutor investigating Terraform Labs CEO Do Kwon for alleged passport forgery in Montenegro has indicated that he will not be extradited soon.

Do Kwon's Extradition Likely to Take Time, Montenegrin Prosecutor Says

The Terra co-founder will remain there until April 3 — and until that time, only his lawyer or a doctor will be able to pay him a visit.

Do Kwon Held in Medical Quarantine Following Shock Arrest in Montenegro

The judge concluded that there are "concrete circumstances" indicating that Kwon could be a flight risk — especially considering he is a foreign citizen.

Do Kwon to Spend Next 30 Days in Detention in Montenegro

Federal prosecutors in New York have filed charges against Terraform Labs co-founder Do Kwon hours after his arrest at the Podgorica airport in Montenegro on Thursday.

US Prosecutors Slam Terra (LUNA) Founder Do Kwon With Eight Counts of Fraud for 2022 Crypto Collapse

According to the Montenegro-based newspaper Vijesti, Do Kwon, the co-founder of Terraform Labs, also known as Kwon Do-hyung, is appealing the detention extension ordered by a Montenegrin court. Kwon was arrested on March 23, 2023, after being caught at Podgorica Airport in Montenegro while traveling with fraudulent identification documents.

Report: Terra Co-Founder Do Kwon Plans to Appeal Detention Extension After Arrest in Montenegro

According to a report published by AFP, Do Kwon, CEO of Terraform Labs, has been charged with document forgery in Montenegro. Kwon was arrested at the Podgorica airport while traveling with fake documentation. South Korean prosecutors have said the Terra co-founder faces extradition to South Korea.

Terraform Labs CEO Do Kwon Faces Extradition to South Korea

Lisa Braganca says the Terraform Labs founder and his team knowingly reached out to U.S. investors, despite being based in Singapore.

Former SEC Branch Chief Explains Why U.S. Has Jurisdiction in Do Kwon Case

Montenegro has charged South Korean fugitive and cryptocurrency entrepreneur Do Kwon with forgery, and he is expected to face extradition proceedings in court. Kwon is accused of fraud following his company's abrupt collapse in 2022, which erased about $40 billion of investor funds and rattled global cryptocurrency markets.

Do Kwon Faces Justice: New Details On Dramatic Takedown, Extradition Showdown

Also today, as the SEC warns consumers about crypto, Coinbase reveals how it's planning to fight back.

Podcast: New Details About Do Kwon's Arrest Emerge

The Terra co-founder reportedly attempted to leave Montenegro and fly to Dubai using Costa Rican travel documents.

New York Charges Do Kwon with Fraud — Hours After His Arrest

Terraform Labs founder Kwon was arrested in Montenegro on Thursday for document forgery.

Do Kwon Charged, Due in Montenegro Court for Extradition Hearing: AFP

Federal prosecutors charged Terraform Labs CEO Do Kwon with fraud after he was arrested in Montenegro.

Do Kwon Now Faces Criminal Fraud Charges

The disgraced founder of embattled stablecoin issuer Terra (LUNA) has reportedly been arrested in Montenegro after months of being on the run. According to a new report by local Korean media outlet Yonhap News Agency, former Terra chief executive Do Kwon has been apprehended by authorities in the Balkan nation.

Embattled Terra (LUNA) Founder Do Kwon Arrested in Montenegro: Report

According to Montenegro's interior minister Filip Adzic, Terraform Labs co-founder Do Kwon was apprehended at Podgorica airport allegedly bearing falsified documentation. Adzic added that investigators are “waiting for official confirmation of his identity” after Montenegrin police detained the accused suspect.

Terraform Labs Co-Founder Do Kwon Arrested in Montenegro, Says Interior Minister

Minister of the Interior of Montenegro, Filip Adzic, on Thursday, announced the arrest of an individual suspected to be Do Kwon , co-founder of Terra Luna (CRYPTO: LUNA), within the Balkan nation's borders. Local news outlet Vijesti later confirmed the tweet's authenticity and that the arrested person was a South Korean national.

Elusive Terra Luna Co-Founder Do Kwon Captured In Montenegro

A person suspected to be Do Kwon, founder of the Terra blockchain that collapsed in spectacular fashion last year, was arrested in Montenegro, Yonhap reported, citing police.

Terraform Labs CEO Do Kwon believed to be arrested in Montenegro, Yonhap says

South Korean authorities had previously issued Terra's co-founder and CEO Do Kwon an arrest warrant last September.

Do Kown Arrested in Montenegro, Says Country's Minister of Interior

Police in Montenegro have detained a person thought to be Do Kwon, an international fugitive accused of defrauding investors in a multibillion-dollar cryptocurrency scheme, the country's interior minister said on Thursday.

Montenegro police arrest suspected former CEO of Terraform labs - interior minister

The Department of Justice (DOJ) and the Federal Bureau of Investigation (FBI) are reportedly investigating the collapse of the algorithmic stablecoin terra usd (UST) and the firm Terraform Labs. Unnamed sources say that former staff members from Terraform Labs, the company behind the Terra blockchain project, have been questioned by U.S. law enforcement.

Report: DOJ and FBI Investigating Terraform Labs in Connection to Algorithmic Stablecoin Collapse

Terra Classic, the network born of Terra's $60 billion collapse, may be at risk of takeover by a staking service wielding disproportionate power.

News for Luna Classic (Former Terra) Crypto (LUNC)