Daniel Shin, co-founder of Terraform Labs, denied charges of fraud and financial regulation violation.
Financial Times, 9 june in a report dated Daniel Shin‘of LUNA and TOP He gave his explanations about the collapse.
in his statement of the companyinvestors “no intention to deceive” Only Innovation in the payment system using blockchain technology saying what you want to do shin He also made the following statements:
We were not aware of any loopholes in the coins algorithm and made no attempt to manipulate their price.
LUNA and TOP after the collapse South Koreaof Terraform LabsIn the report, which is stated to have officially launched an investigation against shin operated by chai It was stated that it plans to examine the digital payment system called
shinAbout the subject chai payment system 2020 in the year Terraform Labs She said she cut ties with him.
After the collapse CEO Do Kwon’s bid to save the network released under the new Terra 2.0 cryptocurrency of the chain LUNA, CoinGecko According to the data of the news, at the time of writing, it reached the market in a short time after its release. 18.87 dollar level of 85% golda at $2.81n is traded. After the new chain Luna Classic cryptocurrency of the old chain called LUNC in the last 24 hours 5.8% with an increase 0.00006489 dollarstraded from.