Terraform Labs CEO currently being investigated by police in South Korea for fraud, tax evasion and other financial regulation violations Do Kwon‘Fame, LUNA It is said that when the 2.0 launches, this token is requested to be listed on Korean exchanges again.
According to rumors, Kwon used a Terraform Labs employee in Singapore to forward Kwon’s request to Korea’s five major exchanges via Telegram.
Terraform Labs CEO Kwon said in a statement on Twitter on May 18:
“Let’s call the existing Terra Blockchain network ‘Terra Classic’ and the existing LUNA ‘Luna Classic’ and create a new Terra Blockchain.”
As of May 25, more than 80.99% of the voting was completed, 67.27% of the validators gave the green light to Kwon’s proposal. It is stated that there is a high probability that Terra 2.0 will eventually come to life, with the voting largely completed.
Korean Exchanges Are Not Warm To The New LUNA Token
However, the whereabouts of Do Kwon, who is being investigated by the police, is currently unknown. Financial crime investigators have targeted Kwon, and as a result, local Korean exchanges seem to stay away from Terra.
Local exchange platforms contacted reportedly responded to Terraform Labs’ request with a distance. Exchanges have requested that the new LUNA token go through the official listing process for listing.
Many celebrities including Binance CEO CZ cryptocurrency personalities have expressed many times that they doubt that the Terra 2.0 plan will work. CZ said that LUNA’s salvation is possible through transparency and token burning.
*Not investment advice.