Terra (LUNA) and UST After the collapse, investors around the world suffered a great loss.
After this collapse, authorities in South Korea Do Kwon, founder of Terra and To Terraform Labs opened investigations and lawsuits.
Saying that he was involved in the Terra project while the investigations were continuing in South Korea, he was on Twitter. “Fat Man” A user named US giant cryptocurrency exchanges TOP and LUNA He claimed he could face a class action lawsuit over the sale.
The world’s largest cryptocurrency exchange among these exchanges Binance outside Coinbase, Kraken and Gemini is also included.
User “FatMan” shared today that the top law firm in the US is against Binance, Gemini, Kraken and Coinbase under the Securities Act. a collective arbitration proceeding He said he was ready to open.
“A top law firm in the US is preparing to file a class action lawsuit against Binance, Gemini, Kraken, and Coinbase under the Securities Act for the sale of UST and LUNA to US customers.
They want to open this case in ten weeks. I learned this information from a verified source at the law firm.”
I have received word from a verified source at a top law firm in the US that class actions are being prepared against Binance, Gemini, Kraken, and Coinbase under the Securities Act for the sale of UST and LUNA to US customers. They are looking to file within ten weeks.
— FatMan (@FatManTerra) May 25, 2022
LUNA Rescue Plans!
Terra founder Do Kwon’s plan to save LUNA was accepted by the community yesterday.
According to the accepted recovery plan, a new network called Terra will be established and the new token of this network “LUNA” will be distributed to the old network owners. airdrop will be distributed.
A decrease of 10.71% in the last 24 hours. LUNA It is trading at $0.0001515 at the time of writing.