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

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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.

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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.

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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

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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

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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?

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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.

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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.

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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?

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Quote from: rat03gopoh on September 27, 2022, 06:16:22 AM

Quote

According to Interpol's website, Red Notices are "requests to law enforcement worldwide to locate and provisionally arrest a person pending extradition, surrender, or similar legal action."

Source

I thuoght he is currently in the custody of the South Korean legal authorities, considering he said he would always be cooperative^[1] with the legal consequences. The question is, is Do Kwon still under management with Luna Classic?

Do Kwon fled out of South Korea and is hiding days before the scandalous event of Luna happens. It looks like he knows about the crash and purposely move to singapore for some reason though, he had explained it here[1] but I do not believe that is the case. There is also news that Do Kwon isn't in singapore.[2]

A few days ago, there was a Twitter trend of the BoycottBinance hashtag by the LUNC community, urging CZ to carry out the Burn Trading Fee mechanism which was finally implemented^[2]. The initiative is still questionable, whether binance is really worried about losing a number of users, the new smartcontract protocol, or cz just wants to help holder losses in the past by this mechanism.

Quote from: rat03gopoh on September 27, 2022, 06:16:22 AM

1. https://cryptonews.com/news/where-do-kwon-terra-luna-boss-claims-hes-not-run-from-law.htm
2. https://www.binance.com/en/support/announcement/4769eab576c4479eaa14adc1eb587226

Well, I think CZ has his plan and we do not know what it is. I think we just need to wait and see what will happen next.

[1] https://coingape.com/breaking-do-kwon-clears-the-air-over-terras-singapore-move/
[2]https://time.com/6214473/terra-founder-do-kwon-is-no-longer-in-singapore-he-says-hes-not-on-the-run/

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Quote from: justdimin on September 29, 2022, 02:49:03 PM

They just wanted to stay relevant and people who reach the top do not accept that it's now over that easily. He got scammed basically by whoever, and the project got crashed and that’s a horrible thing but he couldn't accept it, and kept it going and with both LUNA and LUNC at the same time, he tried to recover from the bottom he fell.

He did the stupid thing a second time in this case. even when he chose the option to support investors' losses through Hf LunaV2 he just made the situation even more complicated. well in this context it's as if he wants to let himself go in the carelessness he did. Now that we have an arrest warrant for him, what can we expect in the future? whether LUNC will be dumped by the pope when he is caught by the police.

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Quote from: kesmex on September 29, 2022, 12:19:38 PM

Quote from: Mario Yamasaki on September 29, 2022, 09:37:13 AM

Now Lunc's problem is getting more complicated because he ran away, I'm sure it will be difficult to hide in the escape, maybe soon in the will be caught but running away is not a good solution especially a few days ago ever skyrocketed.

forget the projects from Do Kwon LUNC, LUNA, or USTC, and yes I know that these three coins are still supported by Binance,
even these three coins have always had a pump lately of course this makes holders and investors still like them,
but of course as a investors and traders I suggest it's better to just forget about these three coins because indeed a scammer is still a scammer.

We really should avoid investing in projects related to Do Kwon, even though they are still listed on popular exchanges. As you said as long as
these projects are proven to be scam projects, why do we take the risk of investing in these projects. There are still many other projects that
are better and safer for investment. It's better for us to take safe steps, rather than forcing us to invest in scam projects like LUNC which will
definitely have problems in the future, and eventually we will regret with our own decisions. So in making decisions we must be careful and
do not do stupid actions just to pursue profit. We must be full of calculation in making decisions.

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Quote from: cryptoaddictchie on September 28, 2022, 02:45:48 AM

Quote from: passwordnow on September 27, 2022, 07:07:15 AM

Whatever is in mind of CZ, I guess there's something that he's cooking. But I don't think that it's not just all about his concern about those folks that have lost a lot of money on LUNC.

We all knew he also lose a lot on luna project. Their investment blow out of steam and relying on the project development is the only option here. But knowing that his business is an exchange platform who takes on fees, I guess his already breakeven or got some profits with it. I am thinking that he is already trying out to support Do Kwon a little to make the project go back to pace once again.

They just wanted to stay relevant and people who reach the top do not accept that it's now over that easily. He got scammed basically by whoever, and the project got crashed and that’s a horrible thing but he couldn't accept it, and kept it going and with both LUNA and LUNC at the same time, he tried to recover from the bottom he fell.

This of course didn't really come without cost, because this caused him to be a fugitive now due to all the troubles he has caused and that’s understandable, it’s not going to be that shocking. So, I would assume that the best thing he could do would be slowing down, and not chase that high again, won't happen.

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Quote from: Mario Yamasaki on September 29, 2022, 09:37:13 AM

Now Lunc's problem is getting more complicated because he ran away, I'm sure it will be difficult to hide in the escape, maybe soon in the will be caught but running away is not a good solution especially a few days ago ever skyrocketed.

forget the projects from Do Kwon LUNC, LUNA, or USTC, and yes I know that these three coins are still supported by Binance,
even these three coins have always had a pump lately of course this makes holders and investors still like them,
but of course as a investors and traders I suggest it's better to just forget about these three coins because indeed a scammer is still a scammer.

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Now Lunc's problem is getting more complicated because he ran away, I'm sure it will be difficult to hide in the escape, maybe soon in the will be caught but running away is not a good solution especially a few days ago ever skyrocketed.

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maybe they are people who hate binance or their competitors are using this method to bring down binance. This should be investigated further, some exchanges still have LUNC on their exchanges and why only Binance is the target. I think that's the reason binance didn't take immediate action against LUNC.

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Quote from: ultrloa on September 28, 2022, 04:13:29 PM

He will not take any action on Lunc yet because it still have decent volume and trades still happening there is profitable to them so don't be surprised if Cz will not take this coin out on their exchange he's just doing business.

We don't know yet about things or updates about that case since there are many people has been rigged project I also believe that he will be jailed soon. For sure this will create big noise once he is already in jail and this could affect their coin so if I where the investor they should be aware on this to be more careful upon buying their coin.

Actually, he had the burning. It's one of his decision and the LUNC community wants him to stop supporting it.

Quote from: Oilacris on September 28, 2022, 03:33:47 PM

Sooner or later, Kwon would be arrested and would be put up on jail.There's already a red notice for this man.It might not happen now but he wont really be able to get away from this.

For CZ then i dont believe about those sympathetic actions or something like this but hey, we cant really tell if he really did have that kind of support into those who losses up huge scale.
Now, it would really be just understandable that the biggest and reputable exchange platform owner will really be trying out his best to be looking good
on the entire community or going along on what the community been feeling of.

Yes, it's only a matter of time and he'll be arrested for sure. The time will be right on him and it will bring justice to those that have invested and got robbed by him and his mates. As for CZ, I think then it's just all about making profit from the fees and everything that LUNC has to offer onto his exchange. It's like a floating project because we know where the developer of it and is on the run so, it's gotta be him that does all the job for it.

Quote from: Oasisman on September 28, 2022, 03:12:24 PM

Well, who ever thinks that what he did wasn't intentional, still has the hopes for LunC to bounce back, which at the same time close to impossible. People have already lost their trust in this project, most especially that Do Kwon is now facing legal consequences for what he have done.
Binance on the other hand might be in the middle of helping the project bounce back and helping users to win back their trust and losses.

I still see many are hopeful for the bounce back of LUNC. The hope is there but the reality is starting to sink in for most of its investors that there's really nowhere to go for this project unless a miracle and great pump happens.

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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.

That guy really messed up with the market and he is the reason why people now have doubts to invest because they are afraid the same thing will gonna happen to them. This kind of damage is really hard to move on, especially since huge money is involved and the main culprit is on the run. And why are they turning against Binance? these people are really insane since they lost their money, they are looking into some loophole to recover it back and now they are dragging others to become a suspect.

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This will make LUNC's position even more difficult, early September LUNC rose and once recorded a record transaction volume of more than $4 billion in a day, but after he fled slowly investors gave a negative response.

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Quote from: Silberman on September 28, 2022, 05:42:43 PM

Do Kwon is still affecting the market of cryptocurrencies, what do you think people are going to think of someone who is responsible for the disappearance 45 billion dollars in market cap in just a matter of days and that is now on the run? They are not going to want to invest in this market, and you can be sure the media will be all over this, not only because it is a huge news but also because this will hit the market hard, because even if another crash does not follow, it is almost a given this will delay the recovery of the market, making the bear market even harsher than it should be.

Why do you have to care about Do Kwon?

He is only one guy in crypto industry and the market will go onwards with or without Do Kwon. It is only because newbies are easily to be manipulated with such news. Whales and market makers know that and they release fud news at right time.

Why did they not release news about Interpol when LUNC was low? They waited after LUNC increased 6 times and started to fud.

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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.

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Quote from: Silberman on September 28, 2022, 05:42:43 PM

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.

Do Kwon is still affecting the market of cryptocurrencies, what do you think people are going to think of someone who is responsible for the disappearance 45 billion dollars in market cap in just a matter of days and that is now on the run? They are not going to want to invest in this market, and you can be sure the media will be all over this, not only because it is a huge news but also because this will hit the market hard, because even if another crash does not follow, it is almost a given this will delay the recovery of the market, making the bear market even harsher than it should be.

Surprisingly do known was still owning thousands of bitcoin in his wallet. He was making a transaction only a few moments after his red notice already came. I think that do kwon was real scammer. I hope that he will be jailed as soon as possible.
It seems like he was having lots of bitcoin on his wallet that will be seized by regulators if he will be catched

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Quote from: erep on September 28, 2022, 04:59:19 PM

Quote from: AmoreJaz on September 28, 2022, 04:45:37 PM

if i am the holder of lunc, i will just discard it as soon as possible. better buy btc instead of this questionable coin. i don't think there is something good that will come out of this project anyway. i wonder what is the reason why lunc holders keep on holding this coin? CZ may just be doing favour for its holders. but sooner or later, i have the feeling that they will delist it once they see that this coin is going down because of DK's legal battle.

I'm very worried that it will happen, although the classic luna holders finally support CZ decision but it doesn't guarantee that they really support luna even though implementing the goal is to burn the luna from every transaction, maybe if one day the classic luna also has the potential to be removed from trading at any time list if it is high risk for investment. I believe the binance platform prioritizes users for the convenience of investing and classic luna coins are on the list of the most risky coins to invest.

Exchanges can always change their mind especially if it’s no longer profitable for them, the chance to delist LUNC is high but it wont happen in short period of time simply because LUNC has a huge community and that can totally affect Binance if ever. DK is another issue with the old LUNA and he’s on a run I guess since he is liquidating all his crypto, let’s see what’s the next headline for DK.

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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.

Do Kwon is still affecting the market of cryptocurrencies, what do you think people are going to think of someone who is responsible for the disappearance 45 billion dollars in market cap in just a matter of days and that is now on the run? They are not going to want to invest in this market, and you can be sure the media will be all over this, not only because it is a huge news but also because this will hit the market hard, because even if another crash does not follow, it is almost a given this will delay the recovery of the market, making the bear market even harsher than it should be.

erep

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Quote from: AmoreJaz on September 28, 2022, 04:45:37 PM

if i am the holder of lunc, i will just discard it as soon as possible. better buy btc instead of this questionable coin. i don't think there is something good that will come out of this project anyway. i wonder what is the reason why lunc holders keep on holding this coin? CZ may just be doing favour for its holders. but sooner or later, i have the feeling that they will delist it once they see that this coin is going down because of DK's legal battle.

I'm very worried that it will happen, although the classic luna holders finally support CZ decision but it doesn't guarantee that they really support luna even though implementing the goal is to burn the luna from every transaction, maybe if one day the classic luna also has the potential to be removed from trading at any time list if it is high risk for investment. I believe the binance platform prioritizes users for the convenience of investing and classic luna coins are on the list of the most risky coins to invest.

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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.

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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.

if i am the holder of lunc, i will just discard it as soon as possible. better buy btc instead of this questionable coin. i don't think there is something good that will come out of this project anyway. i wonder what is the reason why lunc holders keep on holding this coin? CZ may just be doing favour for its holders. but sooner or later, i have the feeling that they will delist it once they see that this coin is going down because of DK's legal battle.

goaldigger

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Quote from: vanesha on September 28, 2022, 04:12:44 AM

But we can't claim directly it's a pure person from the LUNC community. They could take advantage of this moment to bring down Binance because Binance, which is a platform of that size, must be very responsive in handling any attacks. I believe that binance can handle this, it's possible that LUNC will be completely delisted if that happens.

Binance already accept the proposal burning system, I don’t see any reason to delist LUNC just because of this. With the current issue for DK, I think Binance is out of this and even with LUNC since it is already a community owned and that’s why Binance also allow the burning to help many investors as well. DK transfer his crypto into big exchanges as per rumor, but I think those exchange can easily freeze the money while DK is in question here, DK should surrender now and face every trial.

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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.

Jating

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I'm also under the impression that Do-Kwon is in South Korea and in the police custody pending the investigation. So if he is on the run then obviously he is guilty in the public court of law. I mean why would he hide if he didn't do nothing wrong? (that is according to him).

As for CZ, maybe he had backlash on this one, but I don't think he is concern of losing traders in his platform. He is on top right now so doesn't matter, there will be more traders that are going to sign up with Binance no matter what the issues is.

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Quote from: passwordnow on September 27, 2022, 07:07:15 AM

Whatever is in mind of CZ, I guess there's something that he's cooking. But I don't think that it's not just all about his concern about those folks that have lost a lot of money on LUNC.
And about Kwon, there's nowhere to go. He's got a warrant and wherever he goes, he can be arrested. I just don't know about those countries that are allowing people like him to stay and they can't turnover him if there's some sort of special protection from that country and government.
But, I guess that everybody is believing that it will be a matter of time and he'll be arrested soon.

He will not take any action on Lunc yet because it still have decent volume and trades still happening there is profitable to them so don't be surprised if Cz will not take this coin out on their exchange he's just doing business.

We don't know yet about things or updates about that case since there are many people has been rigged project I also believe that he will be jailed soon. For sure this will create big noise once he is already in jail and this could affect their coin so if I where the investor they should be aware on this to be more careful upon buying their coin.

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Quote from: asriloni on September 27, 2022, 07:21:59 AM

Interpol already issued red notice for do kwon. It seems like this guy has become interpol's new target. In my opinion if the regulators must also investigate binance or even issuing a warning to banning binance. Binance must be sanctioned along with another exchange sites that is still making any coin issued by do kwon to be traded on exchange site. I can argue that do kwon still owned some luna in his wallet and this may become a way to funded him. Binance must be sanctioned by US

Binance was also a victim in Luna's downfall, why blame finance? they are just an exchange which means they are just an intermediary they are not involved in the Kwon or Luna scam. People still want to trade Luna, so they can still keep it on their exchange, unless the government issues a ban on Luna if they still don't comply, they are breaking the law.

Luna's ATH is $120 and if you're the one planning Luna's death. would you like to hold it for sale at the current $2? Definitely not and I believe Kwon does too. Moreover, Lunc hasn't been under kwon's control since the fork ended.

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Quote from: passwordnow on September 27, 2022, 07:07:15 AM

Whatever is in mind of CZ, I guess there's something that he's cooking. But I don't think that it's not just all about his concern about those folks that have lost a lot of money on LUNC.
And about Kwon, there's nowhere to go. He's got a warrant and wherever he goes, he can be arrested. I just don't know about those countries that are allowing people like him to stay and they can't turnover him if there's some sort of special protection from that country and government.
But, I guess that everybody is believing that it will be a matter of time and he'll be arrested soon.

Sooner or later, Kwon would be arrested and would be put up on jail.There's already a red notice for this man.It might not happen now but he wont really be able to get away from this.

For CZ then i dont believe about those sympathetic actions or something like this but hey, we cant really tell if he really did have that kind of support into those who losses up huge scale.
Now, it would really be just understandable that the biggest and reputable exchange platform owner will really be trying out his best to be looking good
on the entire community or going along on what the community been feeling of.

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Quote from: rat03gopoh on September 27, 2022, 06:16:22 AM

Quote

According to Interpol's website, Red Notices are "requests to law enforcement worldwide to locate and provisionally arrest a person pending extradition, surrender, or similar legal action."

Source

I thuoght he is currently in the custody of the South Korean legal authorities, considering he said he would always be cooperative^[1] with the legal consequences. The question is, is Do Kwon still under management with Luna Classic?

A few days ago, there was a Twitter trend of the BoycottBinance hashtag by the LUNC community, urging CZ to carry out the Burn Trading Fee mechanism which was finally implemented^[2]. The initiative is still questionable, whether binance is really worried about losing a number of users, the new smartcontract protocol, or cz just wants to help holder losses in the past by this mechanism.

1. https://cryptonews.com/news/where-do-kwon-terra-luna-boss-claims-hes-not-run-from-law.htm
2. https://www.binance.com/en/support/announcement/4769eab576c4479eaa14adc1eb587226

Do Kwon said he isn't hiding from anyone and is still ready to cooperate. At least that is what I heard last. He is still cooperative, the interpol just made an announcement that in case he tries to run away, to arrest him. He still isn't under the custody because he hasn't still been convicted or anything and things are still pending.

Binance was always in favor of the Luna classic community. They weren't scared of losing total number of users (i doubt it would affect them if all the luna classic holders boycotted them). I guess people weren't patient enough for Binance to implement the burn mechanism (which is actually going to optional and I wonder how many of those that wanted to boycott will enable the option to burn).

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Quote from: asriloni on September 27, 2022, 07:21:59 AM

Interpol already issued red notice for do kwon. It seems like this guy has become interpol's new target. In my opinion if the regulators must also investigate binance or even issuing a warning to banning binance. Binance must be sanctioned along with another exchange sites that is still making any coin issued by do kwon to be traded on exchange site. I can argue that do kwon still owned some luna in his wallet and this may become a way to funded him. Binance must be sanctioned by US

Pretty sure they are already crafting the actions that they're going to do against Binance. CZ could have made the obvious decision to pull out LUNA and other such related coins to Do Kwon but he never did even though they are aware of the current situation. Binance should have set an example for other exchanges but they perhaps they have other things in mind. Maybe they are with Do Kwon, or maybe they themselves are holders of LUNA. Whatever the case is, Binance should be cooperative to the law enforcement but that's not what's happening here.

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Quote from: passwordnow on September 28, 2022, 02:49:40 PM

Quote from: Saisher on September 28, 2022, 01:10:35 AM

Quote from: passwordnow on September 27, 2022, 07:07:15 AM

And about Kwon, there's nowhere to go. He's got a warrant and wherever he goes, he can be arrested. I just don't know about those countries that are allowing people like him to stay and they can't turnover him if there's some sort of special protection from that country and government.
But, I guess that everybody is believing that it will be a matter of time and he'll be arrested soon.

He should be handed to the authorities but its better that he surrender, his statement that he is not on the run is just meant to deceive authorities, that's what fugitives want you to believe, but he is on the run and will eventually be caught, and tried on the court and eventually go to court, these things must happen as a deterrent for future developers to do the right thing so investors will not lose their investment and their confidence in the industry.

He can't go nowhere anymore. The only thing that he has to do is to surrender because someday he can't keep to live and to hide. He has to face whatever is the consequences of what he and his team has done. His silence and hiding only means one thing, he's guilty and he intentionally did that to the poor investors that had believed on him and his project.

Well, who ever thinks that what he did wasn't intentional, still has the hopes for LunC to bounce back, which at the same time close to impossible. People have already lost their trust in this project, most especially that Do Kwon is now facing legal consequences for what he have done.
Binance on the other hand might be in the middle of helping the project bounce back and helping users to win back their trust and losses.

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Quote from: Saisher on September 28, 2022, 01:10:35 AM

Quote from: passwordnow on September 27, 2022, 07:07:15 AM

And about Kwon, there's nowhere to go. He's got a warrant and wherever he goes, he can be arrested. I just don't know about those countries that are allowing people like him to stay and they can't turnover him if there's some sort of special protection from that country and government.
But, I guess that everybody is believing that it will be a matter of time and he'll be arrested soon.

He should be handed to the authorities but its better that he surrender, his statement that he is not on the run is just meant to deceive authorities, that's what fugitives want you to believe, but he is on the run and will eventually be caught, and tried on the court and eventually go to court, these things must happen as a deterrent for future developers to do the right thing so investors will not lose their investment and their confidence in the industry.

He can't go nowhere anymore. The only thing that he has to do is to surrender because someday he can't keep to live and to hide. He has to face whatever is the consequences of what he and his team has done. His silence and hiding only means one thing, he's guilty and he intentionally did that to the poor investors that had believed on him and his project.

Quote from: cryptoaddictchie on September 28, 2022, 02:45:48 AM

Quote from: passwordnow on September 27, 2022, 07:07:15 AM

Whatever is in mind of CZ, I guess there's something that he's cooking. But I don't think that it's not just all about his concern about those folks that have lost a lot of money on LUNC.

We all knew he also lose a lot on luna project. Their investment blow out of steam and relying on the project development is the only option here. But knowing that his business is an exchange platform who takes on fees, I guess his already breakeven or got some profits with it. I am thinking that he is already trying out to support Do Kwon a little to make the project go back to pace once again.

AFAIK, he has never sold with the Luna(LUNC now) that was given to him when it's listed on his exchange and I think that's where he is coming from. He's probably not yet breakeven or if he does, I think he's just wanting to keep the community that was built on this project.

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Quote from: Sang Prabu on September 28, 2022, 12:19:41 AM

Do Kwon should not run away and solve all problems, problems like this are common and escape is the wrong choice, if he is open and wants to solve all problems and win then the lunc will be like XRP that can skyrocket even though the market is red.

Agree and he will not be searched by interpool. I wonder how luna holders thinking about that problem. So many holders are even thinking this coin can kill zero easily. I doubt if that can happen caused by the total that already burned is pretty small. Im sure that this coin will become another baby doge which full with gimmicks. Shiba inu was also able burning small amounts of token. Luna will be the same like shiba

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But we can't claim directly it's a pure person from the LUNC community. They could take advantage of this moment to bring down Binance because Binance, which is a platform of that size, must be very responsive in handling any attacks. I believe that binance can handle this, it's possible that LUNC will be completely delisted if that happens.

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Quote from: passwordnow on September 27, 2022, 07:07:15 AM

Whatever is in mind of CZ, I guess there's something that he's cooking. But I don't think that it's not just all about his concern about those folks that have lost a lot of money on LUNC.

We all knew he also lose a lot on luna project. Their investment blow out of steam and relying on the project development is the only option here. But knowing that his business is an exchange platform who takes on fees, I guess his already breakeven or got some profits with it. I am thinking that he is already trying out to support Do Kwon a little to make the project go back to pace once again.

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Do Kwon should not run away and solve all problems, problems like this are common and escape is the wrong choice, if he is open and wants to solve all problems and win then the lunc will be like XRP that can skyrocket even though the market is red.

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Quote from: passwordnow on September 27, 2022, 07:07:15 AM

And about Kwon, there's nowhere to go. He's got a warrant and wherever he goes, he can be arrested. I just don't know about those countries that are allowing people like him to stay and they can't turnover him if there's some sort of special protection from that country and government.
But, I guess that everybody is believing that it will be a matter of time and he'll be arrested soon.

He should be handed to the authorities but its better that he surrender, his statement that he is not on the run is just meant to deceive authorities, that's what fugitives want you to believe, but he is on the run and will eventually be caught, and tried on the court and eventually go to court, these things must happen as a deterrent for future developers to do the right thing so investors will not lose their investment and their confidence in the industry.

Cuda911

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Binance can't be sanctioned by the US because CZ is only trying to clean up Do Kwoon mess, CZ understands how painful and loss it will be for LUNC investors if the project vanished just like that, the real accused is Do Kwoon and CZ is clean, mind you if CZ see any traces of implication he can withdraw, we see what happened with Binance and WazirX.

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Quote from: rat03gopoh on September 27, 2022, 06:16:22 AM

A few days ago, there was a Twitter trend of the BoycottBinance hashtag by the LUNC community, urging CZ to carry out the Burn Trading Fee mechanism which was finally implemented^[2]. The initiative is still questionable, whether binance is really worried about losing a number of users, the new smartcontract protocol, or cz just wants to help holder losses in the past by this mechanism.

Since the start, CZ stated that he did not support fork but support buy back and burn. Burning create value but fork does not.

However, the decision of Do Kwon and Terra team is bad and CZ tweet "SMH - Shake My Head". Now I don't think CZ has interests to support LUNC and why Binance should sacrifice trading fee on their exchanges to buy back and burn LUNC. That's unrealistic at the moment but I don't think we can exclude that possibility in future.

Maybe someday CZ might change his mind but it is not his responsibility so it's not wise to speculate what he will do.

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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.

They have abandon do kwon. Do kwon will be jailed once he would be catched by the regulators. In my opinion if we must also aware about the fact that if this time so many lunc believers are only hoping with burn. That's the only hope that remain the same and if this will fail and im sure that they will be losing lots of money for the second time again. The fact that if this time people aware about this too.

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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.

I thought the community already took over the project and they could care less what happens to Do Kwon now?

I think Binance plays a major role in LUNC's future or direction that's why they try everything they can to force the implementation of their new policies.

Fundamentals Of

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Do Kwon has been on the run for some time. He has been wanted in so many countries and even the Interpol has already issued statement of his arrest. But the thing that makes me curious is why is he still not in jail? If he is indeed a wanted criminal not just within a single country but in the whole world, why is he still free until today? And he is even saying that he is not even hiding. So what happened to government authorities who are supposed to arrest Do Kwon?

Pierre 2

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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.

Eternad

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CZ surely consider the request of the community especially if there’s still a good volume for this token since Binance is having a good profit on it. Kucoin and other exchange already implemented burn feature for Lunc so Binance just follow the trend to satisfy the wish of there customers.

There’s Trillion supply for this token and burning this huge amount of supply will cost a lot to all the traders because this will have extra charge for the fee. This dumb decision by the blinded holder of Lunc because this project is already abandoned and no future.

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Interpol already issued red notice for do kwon. It seems like this guy has become interpol's new target. In my opinion if the regulators must also investigate binance or even issuing a warning to banning binance. Binance must be sanctioned along with another exchange sites that is still making any coin issued by do kwon to be traded on exchange site. I can argue that do kwon still owned some luna in his wallet and this may become a way to funded him. Binance must be sanctioned by US

passwordnow

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Whatever is in mind of CZ, I guess there's something that he's cooking. But I don't think that it's not just all about his concern about those folks that have lost a lot of money on LUNC.
And about Kwon, there's nowhere to go. He's got a warrant and wherever he goes, he can be arrested. I just don't know about those countries that are allowing people like him to stay and they can't turnover him if there's some sort of special protection from that country and government.
But, I guess that everybody is believing that it will be a matter of time and he'll be arrested soon.

rat03gopoh

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According to Interpol's website, Red Notices are "requests to law enforcement worldwide to locate and provisionally arrest a person pending extradition, surrender, or similar legal action."

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I thuoght he is currently in the custody of the South Korean legal authorities, considering he said he would always be cooperative^[1] with the legal consequences. The question is, is Do Kwon still under management with Luna Classic?

A few days ago, there was a Twitter trend of the BoycottBinance hashtag by the LUNC community, urging CZ to carry out the Burn Trading Fee mechanism which was finally implemented^[2]. The initiative is still questionable, whether binance is really worried about losing a number of users, the new smartcontract protocol, or cz just wants to help holder losses in the past by this mechanism.

1. https://cryptonews.com/news/where-do-kwon-terra-luna-boss-claims-hes-not-run-from-law.htm
2. https://www.binance.com/en/support/announcement/4769eab576c4479eaa14adc1eb587226

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