Do Kwon on the run, Binance becomes the target of the LUNC community.

lobo13hf

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Quote from: piebeyb on October 01, 2022, 10:57:11 AM

Binance should have since the fall of LUNA some time ago to delete the pair, but instead due to community encouragement then binance returned the Luna pair to a classic and finally when this happens binance will get a bad score from the community

Binance only care about volume. Binance didn't even care with the community. there are so many people who have been loosing caused by investing in lunc. Binance was a money whore. You will never see this shit coin delisted from binance.
Binance is only care about money and no more. This exchange site is only looking for people who wanna give their money to binance

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Quote from: piebeyb on October 01, 2022, 10:57:11 AM

Binance should have since the fall of LUNA some time ago to delete the pair, but instead due to community encouragement then binance returned the Luna pair to a classic and finally when this happens binance will get a bad score from the community

Binance didn't delete them because they know that there are many people who believe in it who have invested before and they are looking forward to the recovery of Lunc. If binance deletes we think they will get investor outrage. Check the trading volume of lunc, you will see how many people still invest in it, should not blame binance in this case.

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Well now after his arrest now things is going to get worse for his associates in Korea. A judge has given the sec permission to get testimony from Terraform Labs cofounder Daniel Shin.

https://dailyhodl.com/2023/08/22/sec-granted-permission-to-go-after-do-kwons-close-associate-in-korea/

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https://www.reuters.com/technology/us-sec-charges-terra-founder-do-kwon-with-fraud-2023-02-16/
U.S. SEC charges Terra founder Do Kwon with fraud
"Feb 16 (Reuters) - The U.S. Securities and Exchange Commission has charged crypto developer Do Kwon and his company Terraform Labs with defrauding investors in what the regulator deemed a multibillion-dollar scheme, according to a filing in federal court.
The SEC filing did not say where Kwon was living. In September, a South Korean court issued an arrest warrant alleging that Kwon was residing in Singapore, but the Singapore Police Force said he was not currently in the city-state. Kwon could not immediately be reached for comment."

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Quote from: tbct_mt2 on October 05, 2022, 09:54:05 PM

Quote from: Silberman on October 05, 2022, 04:37:18 PM

This is a natural reaction by people, most people cannot accept and take responsibility for their actions, and since they have lost some much money with Luna they need to find someone to blame, and since they are not an option in their minds then they need to put the blame on someone else, now Kwon could be a decent target for this but since he keeps telling them what they want to hear and claims they will eventually recover their money they cannot blame him either, so they choose to blame CZ instead.

Binance should not be responsible for the shit created by Do Kwon and Terra team. However, community ask for their support because so many of Binancians lost money in the Terra UST catastrophe but to be fair, it is not a responsibility of Binance.

They can do it or not do it, and community can not say Binance is bad if they don't waive trading fee to buy back and burn Luna Classic LUNC. It should be done by Do Kwon and Terra team but community have reasons to beg for support from Binance. They are a very big exchange and trading fee on Binance can result in biggest effect if they accept to use it for buy back and burn.

And without a doubt you are right, but this goes beyond what it is right or wrong for those people, they are desperate and when someone is in that state they care nothing about logic and reason, what they care about is for them to recover their money and they see in the Kwon someone which can help them, even if he was the one that got them in that problem in the first place, and they see in binance an entity which has not been as collaborative as they think it could be, so they blame binance about this even if binance has nothing to do with it.

tbct_mt2

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Quote from: Silberman on October 05, 2022, 04:37:18 PM

This is a natural reaction by people, most people cannot accept and take responsibility for their actions, and since they have lost some much money with Luna they need to find someone to blame, and since they are not an option in their minds then they need to put the blame on someone else, now Kwon could be a decent target for this but since he keeps telling them what they want to hear and claims they will eventually recover their money they cannot blame him either, so they choose to blame CZ instead.

Binance should not be responsible for the shit created by Do Kwon and Terra team. However, community ask for their support because so many of Binancians lost money in the Terra UST catastrophe but to be fair, it is not a responsibility of Binance.

They can do it or not do it, and community can not say Binance is bad if they don't waive trading fee to buy back and burn Luna Classic LUNC. It should be done by Do Kwon and Terra team but community have reasons to beg for support from Binance. They are a very big exchange and trading fee on Binance can result in biggest effect if they accept to use it for buy back and burn.

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Quote from: Bitstar_coin on October 02, 2022, 10:56:50 AM

Quote from: Pierre 2 on September 27, 2022, 07:51:08 AM

I think LUNC or Luna (whatever) community should focus on Do Kwon instead of exchange owner CZ. Do Kwon truly beeped crypto markets with his coin. Not only many people lost money expecting good yield with staking mechanisms. Also it affected general crypto markets and it is messed as some people lost trust. I can't forget that crash when it first happened. I could be one of them as I also traded luna and made some money thanks to it. I was lucky.

Yeah, it seems they are too scared to take on Do Kwon and so they channel the anger on CZ, forgetting that he also lost money in this shit project.
They are forgetting each and every one of them individually make the decision to invest in luna without consulting CZ first Grin

, Now CZ becomes their main target like he is the one calling the shot in terra luna and also the reason why the project caused investors to lose money.
Binance already approved the burn mechanism even though I don't see what changes that will make in an already dying project without any serious backing of the founder and the top supporters.
Do Kwon and his sabotage team already cash on the misguided luna community I wish they can see that and stop pestering CZ like tsetse fly. Grin

This is a natural reaction by people, most people cannot accept and take responsibility for their actions, and since they have lost some much money with Luna they need to find someone to blame, and since they are not an option in their minds then they need to put the blame on someone else, now Kwon could be a decent target for this but since he keeps telling them what they want to hear and claims they will eventually recover their money they cannot blame him either, so they choose to blame CZ instead.

Bitstar_coin

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Quote from: Pierre 2 on September 27, 2022, 07:51:08 AM

I think LUNC or Luna (whatever) community should focus on Do Kwon instead of exchange owner CZ. Do Kwon truly beeped crypto markets with his coin. Not only many people lost money expecting good yield with staking mechanisms. Also it affected general crypto markets and it is messed as some people lost trust. I can't forget that crash when it first happened. I could be one of them as I also traded luna and made some money thanks to it. I was lucky.

Yeah, it seems they are too scared to take on Do Kwon and so they channel the anger on CZ, forgetting that he also lost money in this shit project.
They are forgetting each and every one of them individually make the decision to invest in luna without consulting CZ first Grin

, Now CZ becomes their main target like he is the one calling the shot in terra luna and also the reason why the project caused investors to lose money.
Binance already approved the burn mechanism even though I don't see what changes that will make in an already dying project without any serious backing of the founder and the top supporters.
Do Kwon and his sabotage team already cash on the misguided luna community I wish they can see that and stop pestering CZ like tsetse fly. Grin

piebeyb

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Quote from: serjent05 on October 01, 2022, 05:26:44 PM

Quote from: piebeyb on October 01, 2022, 10:57:11 AM

Binance should have since the fall of LUNA some time ago to delete the pair, but instead due to community encouragement then binance returned the Luna pair to a classic and finally when this happens binance will get a bad score from the community

I do not think they delete the pair. they had the trading suspended because of the fork. Luna trading on Binance continues after its crash, then had it suspended due to the upcoming fork to avoid any problem when fork is implemented. Though I read somewhere that they (LUNC community) are urging Binance to implement the burning mechanism, and that may be the reason for the bad score.

Quote from: ?? on ??

But did you know that DK is no longer admin of Lunc,

Any announcement link for this?

yes, if there is a big dump, the LUNC community shouldn't have to blame binance and Cz anymore, while if the pair was deleted long ago, maybe binane won't be depressed if there is a problem with Lunc from the community, surprisingly the price of Lunc goes up today and the funny thing is who bought it them lol

Quote from: crunck on October 01, 2022, 05:13:48 PM

Quote from: piebeyb on October 01, 2022, 10:57:11 AM

Binance should have since the fall of LUNA some time ago to delete the pair, but instead due to community encouragement then binance returned the Luna pair to a classic and finally when this happens binance will get a bad score from the community

Binance didn't delete them because they know that there are many people who believe in it who have invested before and they are looking forward to the recovery of Lunc. If binance deletes we think they will get investor outrage. Check the trading volume of lunc, you will see how many people still invest in it, should not blame binance in this case.

yes the LUNC community doesn't have to blame binance when the pair was not deleted there and must thank binance for that, I know it was due to pressure from LUNC investors or maybe binance as the biggest holder suffered a huge loss on LUNA so Binance didn't delete the pair at that time or indeed binance is worried about losing users, I'm not really interested in pumps and dumps on LUNC today, so let them trade at risk there

Silberman

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Quote from: Oceat on September 28, 2022, 05:59:49 PM

Quote from: virasisog on September 28, 2022, 04:47:53 PM

Quote from: maknyos on September 28, 2022, 04:35:11 PM

If the police are already after Do kwon why don't they track his whereabouts by tracking his ip on his twitter because I see he is active in making tweets. Cz moved pretty quickly in updating about lunc after he implemented the burn lunc system through the income they receive from trading fees. but I feel worried about this news as if the Lunc holders are always worried by the issues that develop and can indirectly impact the Lunc price.

It's really a sad thing knowing that he's running instead of facing his charges. He has to fix what he has done and pay for what he did. Well, that's the risk of buying and holding a coin that has a ruined reputation. There were still investors who bought LUNA classic and LUNC despite what happened to them because of their hope that it could give them a one-time big-time profit again. Because of that expectation, they don't have peace of mind.

If you are guilty of what you've been doing and know about the consequences I don't think you would just let them catch you freely. What I mean is he's planning it already ahead of time that's why he's on the run. I don't know what Do-Kwon been thinking but I know for sure they were planning this from the start even if their token is not going to pump there's always a chance that they're going to dump it in the future but sadly we don't know who dumped it perhaps it was them or their team of investors as a escape goat.

It should be very obvious that he knew what he was doing and most likely he has been preparing his escape since day one, Kwon argues he is not on the run yet everything he does is what a person running away from the authorities will do, he is not revealing where he is, he has not been cooperative with the authorities, lied to them and his investors about not having any BTC anymore and it seems he is at Taiwan which could make difficult to bring him to justice, so while I think it is going to take some time before he has to face the justice system at Korea, I think the scam is so big the Korean government is not going to let this go anytime soon.

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Quote from: piebeyb on October 01, 2022, 10:57:11 AM

Binance should have since the fall of LUNA some time ago to delete the pair, but instead due to community encouragement then binance returned the Luna pair to a classic and finally when this happens binance will get a bad score from the community

I do not think they delete the pair. they had the trading suspended because of the fork. Luna trading on Binance continues after its crash, then had it suspended due to the upcoming fork to avoid any problem when fork is implemented. Though I read somewhere that they (LUNC community) are urging Binance to implement the burning mechanism, and that may be the reason for the bad score.

Quote from: ?? on ??

But did you know that DK is no longer admin of Lunc,

Any announcement link for this?

erep

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Quote from: eaLiTy on October 01, 2022, 04:51:14 PM

That is not the sole reason to hate CZ in the Luna debacle, CZ was an advocate in ensuring that Luna gets investment through their promotion by investing in Luna through their Binance Labs during their seed funding and they invested $3 million and in return they were holding a large chunk worth around $1.6 billion before the collapse and once it all collapsed it is natural that everyone starts hating everyone associated with a scam.

I also suspect that CZ still maintains the coin crash coin trading even though having to risk the reputation of the exchange to list the coin trading has hurt investors, so the only reason is because they own the coin and they also don't want the $3 million asset to be lost due to the high coin crash so no wonder CZ still gives positive hope to Luna community holders.

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Quote from: cryptomaniac_xxx on October 01, 2022, 04:41:51 PM

~
Ok so that is the reason that they hate CZ or Binance per se? Are still any more exchanges that offers Luna pair besides Binance? If yes then they should also target that exchange and target them just like what they did to Binance here. I'm not defending CZ, of course he has some accountability if he allows the pairing in his exchange after the debacle, but if you really don't like it then don't trade in CZ and that pairing, easy as that.

That is not the sole reason to hate CZ in the Luna debacle, CZ was an advocate in ensuring that Luna gets investment through their promotion by investing in Luna through their Binance Labs during their seed funding and they invested $3 million and in return they were holding a large chunk worth around $1.6 billion before the collapse and once it all collapsed it is natural that everyone starts hating everyone associated with a scam.

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Quote from: piebeyb on October 01, 2022, 10:57:11 AM

Binance should have since the fall of LUNA some time ago to delete the pair, but instead due to community encouragement then binance returned the Luna pair to a classic and finally when this happens binance will get a bad score from the community

Ok so that is the reason that they hate CZ or Binance per se? Are still any more exchanges that offers Luna pair besides Binance? If yes then they should also target that exchange and target them just like what they did to Binance here. I'm not defending CZ, of course he has some accountability if he allows the pairing in his exchange after the debacle, but if you really don't like it then don't trade in CZ and that pairing, easy as that.

piebeyb

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Binance should have since the fall of LUNA some time ago to delete the pair, but instead due to community encouragement then binance returned the Luna pair to a classic and finally when this happens binance will get a bad score from the community

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When the interpol gets in the way of it, you know how serious of a trouble that project is in. I know that majority of the crypto world knows that they shouldn't be invested in it, but to all those people who still think that this could recover should realize that it can't, maybe they are the minority these days but they need to realize that this isn't a joke and it is a serious job as well.

I personally would like to see it doing a lot better as well, why wouldn't I want a project to do well, it is not my wish to see it dead. But when Interpol is looking for the owner of a project, that tells me it is both risky, and also quite centralized as well.

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Quote from: Stella Mese on September 30, 2022, 05:41:53 AM

Do Kwon has a lot of money. so that it is very young for him to run away and disguise himself even though he is still in South Korea without having to leave the country. she just needs to do plastic surgery. the issue of burn tax I think it's a good idea. because it will recover LUNC bit by bit. although it takes a long time but I think it will be good. but indeed I'm still wondering if Do Kwon is still in control of LUNC?

Cosmetic Surgery? Your thought makes me fall out of my chair laughing, a different thought and I don't know if Dokwon thought of this? If you say like you, all criminals in the world can easily escape the arrest warrant or the death penalty, just spend money on surgery to become a different person can have a good life. LOL

As far as I know, Lunc is no longer related to Dokwon but is run by a new team. Maybe that's why Binance has publicly supported the project, it's good to see that binance is helping the project as well as the people. Hopefully, with CZ's talent, he will find a solution to save Lunc.

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Quote from: Stella Mese on September 30, 2022, 05:41:53 AM

Do Kwon has a lot of money. so that it is very young for him to run away and disguise himself even though he is still in South Korea without having to leave the country. she just needs to do plastic surgery. the issue of burn tax I think it's a good idea. because it will recover LUNC bit by bit. although it takes a long time but I think it will be good. but indeed I'm still wondering if Do Kwon is still in control of LUNC?

that's why he was always running from the police. I guess he can be tracked easily if the government wants to use its power to catch him. Investing in lunc is a big bet for anyone. This caused by do kwon may be catched anytime and this will give bad news. The burn that doesn't go so well. The community aware if the burn was only burning small amounts of luna. That needs very long time to burn lots of lunc.

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Quote from: Stella Mese on September 30, 2022, 05:41:53 AM

Do Kwon has a lot of money. so that it is very young for him to run away and disguise himself even though he is still in South Korea without having to leave the country. she just needs to do plastic surgery. the issue of burn tax I think it's a good idea. because it will recover LUNC bit by bit. although it takes a long time but I think it will be good. but indeed I'm still wondering if Do Kwon is still in control of LUNC?

He has lots of money but if he goes to the jail and his money will not work. If victim from lunc will be suing him like 50 years in prison and he will not go anywhere. I hope that this guy will be catched by interpol as soon as possible. It seems like do kwon was trying to hide money that being stolen from the lunc investors in the bitcoin form. I saw that thousands of bitcoin linked to do kwon have been moving to the various wallets. do kwon has no control over lunc

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Quote from: Stella Mese on September 30, 2022, 05:41:53 AM

Do Kwon has a lot of money. so that it is very young for him to run away and disguise himself even though he is still in South Korea without having to leave the country. she just needs to do plastic surgery. the issue of burn tax I think it's a good idea. because it will recover LUNC bit by bit. although it takes a long time but I think it will be good. but indeed I'm still wondering if Do Kwon is still in control of LUNC?

I don't think Do Kwon had done the surgery and doesn't leave South Korea. Do Kwon already left South Korea some day before the Terra Luna crash. Though with the wealth Do Kwon has, he can do plastic surgery and falsely publish that he already left Singapore to divert South Korean authority into believing he already left Singapore.

About the burning mechanism, after all the scandal stuff that happens to LUNC, I think it doesn't matter anymore. The LUNC token is already doomed the moment they forked it, so I think keeping away from the token is a smarter choice.

Topic: Do Kwon on the run, Binance becomes the target of the LUNC community. (Read 562 times)