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Yes. Terra has sold a large number of coins in a short period of time, so the exchange has dropped by thousands of percent. All these coins are property of the developer. I think the dumper was done by the devs without considering the continuation of the blockchain they developed. We do not need to hold or repurchase such coins, because there is a possibility that the developers will leave the blockchain, and the blockchain will die forever. 
Topic: LUNA & ANC Biggest Scam in Binance Exchange (Read 387 times)
Withdrawal is no more available on binance I am guessing luna will get delisted very soon, this is just like Bitconnet 2.0 in disguise, I never knew that Luna max supply was increasing all along this was why I thought I could take a good advantage of the project, now its clear that this project will never recover, what a shame.
Several exchange market have close and suspend withdrawal, realistic with many exchange have different price and worth if deposit and withdrawal open much profit get from arbitrage. Yesterday I checked with FTX as lowest price of Luna coin and have different 1$, much peofit if withdrawing and deposit available. Now Luna coin drop under $0.005 and worry worth or not yo buy back with Binance have announcement delisting from future exchange. 
Withdrawal is no more available on binance I am guessing luna will get delisted very soon, this is just like Bitconnet 2.0 in disguise, I never knew that Luna max supply was increasing all along this was why I thought I could take a good advantage of the project, now its clear that this project will never recover, what a shame.
It is very likely that Luna coin will be delisted even though currently Binance is only announcing the news of Luna delisting on Futures, but if the liquidity and luna market continues to decline, it is likely that Binance will delist shitcoin with no supply limit. 
Withdrawal is no more available on binance I am guessing luna will get delisted very soon, this is just like Bitconnet 2.0 in disguise, I never knew that Luna max supply was increasing all along this was why I thought I could take a good advantage of the project, now its clear that this project will never recover, what a shame.
LUNA DEVS ARE SCAMMERS they adding SUPPLY and DUMPING in the market LUNA supply increased from 300 Millions to +1 Billion in 24 hours
You are so mad to the luna developers and i do believe you are loosing all of your live savings, right? Luna minted when UST burned to mint new luna. that's why the circulating supply is increasing a lot and it's now more than 10 billions in the binance exchange site. If you are loosing your money and im sorry for your lose but again complaining here will not make you get back your money again. Luna dev has been ruining your life.
Have you lost on both luna and anc?
Stay away from Luna, any thing you see is FuD and Fomo. Luna may beg gone forever. It is certain Luna can't go back to the top, because the supply keeps increasing. The developer keeps bragging to whales, It all started like a game now see what it has become... You don't mess with whales who decides the market direction.
I don't think that you can blame Binance though, still up to those projects and it's investors on how their price is going to move, Binance has nothing to do with it.
As far as listing those in their exchange, I mean if they passed the qualifications then why not being listed on them? And there is this so called delisting mechanism put into place, if Binance see that they are scamming then for sure they are going to be delisted anytime soon.
Binance didn't take that risk, there's no way this matter could be passed on to them, I agree with what you said, that Binance's involvement is very baseless.As far as listing those in their exchange, I mean if they passed the qualifications then why not being listed on them? And there is this so called delisting mechanism put into place, if Binance see that they are scamming then for sure they are going to be delisted anytime soon.
Merema has grown so big now, it is impossible for them to destroy this reputation, and even the term delisting is enough proof, that they have a strong system to avoid such things, because speaking of this system is a complete power at their disposal. When fraud occurs, they will definitely be kicked out
I don't think crypto currency exchanges are responsible behind the massive price decrease of LUNA it's the developers of LUNA who deserves the blame behind this massive crash of this shit coin although it was surprising that Binance still didn't delisting this coin from their platform which is obviously going to leave a negative impact on Binance.
I'm sure it's not the binance exchange's fault, all these things cannot be accounted for by accident without anyone knowing. if they knew that this coin actually happened something like this I'm sure no matter how much binance was paid they would not list this coin in their market. This proves it with the LUNA delist from binance. But if that also means that the LUNA team is a scam too, I'm sure there was a fatal mistake they did accidentally, so far nothing has been heard of them as an exit scam, but this seems like an accident.
Binance just now announced delisting of Luna on coin and margin trading. I thinj this is kinda too late, imo. People since last night already been trading when the crash happened and dozen of traders are probably rekt more than earn on this crash incident of luna. How awful that the bear fueled by this incident, I just hope that CZ do it first thing when the incident happened to prevent more losses.
How come Binance will learned there lesson while they are just hosting the trading of this token. Luna token contributes huge volume on the exchange and no one can predict that this kind of shit will happened to them. CZ is not a God to predict and avoid Luna to list on Binance. The blame should be point out solely on Luna CEO for allowing this kind of massive attack on his project and being over confident on his crypto friends.
That does not mean, when Luna was at all-time-high, its marketcap was $30 billion, but not only binance is the exchange that list Luna. Not only that, also some people will just used Binance and other exchanges to exchange Luna, what was noticed even up till now is that the Luna network is congested which shows huge number of people that are making on-chain Luna transactions and this will likely be people moving Luna from noncustododial wallet to exchanges to sell. Also if Luna is not added to Binance, Binance will not have Luna and nothing added to Binance about Luna, what I mean is that the remaining marketcap and trading volume Luna is having is still far great than many altcoins. As Luna has dropped, it is still 42nd with marketcap of $1 billion. Binance become a Shit Exchange that support Shit coins like LUNA and ANC
LUNA price drop fom +11000 sat to 1000 sat in less then 12 hours and same
for ANC it seem that the devs of those two coins dumped thousands of BTC's
in the market and scam investors and Binance still supporting those Shit coins
https://www.binance.com/en/trade/LUNA_BTC
https://www.binance.com/en/trade/ANC_BTC
LUNA DEVS ARE SCAMMERS they creating more SUPPLY and DUMPING in the market
LUNA Supply increased from 300 Millions to +1 Billion in 24 hours
https://coinmarketcap.com/currencies/terra-luna/
Im wondering why Binance didn't Announce a DELIST for those SHIT COINS till now
I see it's not that easy to delist LUNA and ANC because their liquidity on Binance is still quite high...LUNA price drop fom +11000 sat to 1000 sat in less then 12 hours and same
for ANC it seem that the devs of those two coins dumped thousands of BTC's
in the market and scam investors and Binance still supporting those Shit coins
https://www.binance.com/en/trade/LUNA_BTC
https://www.binance.com/en/trade/ANC_BTC
LUNA DEVS ARE SCAMMERS they creating more SUPPLY and DUMPING in the market
LUNA Supply increased from 300 Millions to +1 Billion in 24 hours
https://coinmarketcap.com/currencies/terra-luna/
Im wondering why Binance didn't Announce a DELIST for those SHIT COINS till now
this is a hot topic of discussion in the world, this is one of the reasons the bitcoin price has slid deep to below $30k. I strongly support if these two tokens are delisted from binance, so that binance can return to being the best exchange because this affects binance's reputation.
I think this incident can be a strong warning for CZ and the team behind the binance exchange, this should be an important lesson and as much as possible not to happen again, the good name of the binance exchange is at stake and with coins like that can make the exchange worse and nobody wants to trade on binance anymore.
Luna is a big project and is in the top 20 on CMC, yesterday's demise was too sudden and the founder Dokwon himself stated that it is impossible to save the project at this time. The fact that a project crashed cannot be blamed on Binance, before that luna was one of the projects that attracted great attention and received great attention from the community. Binance also blocked trading on Luna and UST related pairs yesterday to prevent it from collapsing further.
Why find fault with others, Binance has nothing to do with LUNA or ANC crashes, that's exchanges like Binance to facilitate us to sell LUNA or ANC, we should be grateful to be able to buy and sell there.
(...)
True. These kinds of people are just adding fuel to the fire. Especially those people are more affected even if they didn't affect by the tragedy, while those people who are affected are just fine and calm.(...)
Additional, this is a big loss for cryptocurrency, not only for those holders of UST or LUNA. Exchanges nothing to do about it, they can delist it anytime if they want.
Why find fault with others, Binance has nothing to do with LUNA or ANC crashes, that's exchanges like Binance to facilitate us to sell LUNA or ANC, we should be grateful to be able to buy and sell there. If a price crash occurs which is triggered by the fault of the developer or parties from LUNA or ANC so that traders sell massively, it's your own fault why you are still holding the coin. LoL
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Binance become a Shit Exchange that support Shit coins like LUNA and ANC
LUNA price drop fom +11000 sat to 1000 sat in less then 12 hours and same
for ANC it seem that the devs of those two coins dumped thousands of BTC's
in the market and scam investors and Binance still supporting those Shit coins
https://www.binance.com/en/trade/LUNA_BTC
https://www.binance.com/en/trade/ANC_BTC
LUNA DEVS ARE SCAMMERS they creating more SUPPLY and DUMPING in the market
LUNA Supply increased from 300 Millions to +1 Billion in 24 hours
https://coinmarketcap.com/currencies/terra-luna/
Im wondering why Binance didn't Announce a DELIST for those SHIT COINS till now
Binance is not responsible for the scam and I do not think we can say that they supported those scammers, the devs are the guilty party here and since they have scammed so much money I hope that a criminal investigation takes place and they are put behind bars, however binance and any other exchange is responsible in the sense that they supposedly investigate each coin they list on their exchange, and they decided to list this coin and now their customers have lost a lot of money because of that decision, so it is obvious that whatever they are doing to stop scammers from listing coins in their exchange is not enough. LUNA price drop fom +11000 sat to 1000 sat in less then 12 hours and same
for ANC it seem that the devs of those two coins dumped thousands of BTC's
in the market and scam investors and Binance still supporting those Shit coins
https://www.binance.com/en/trade/LUNA_BTC
https://www.binance.com/en/trade/ANC_BTC
LUNA DEVS ARE SCAMMERS they creating more SUPPLY and DUMPING in the market
LUNA Supply increased from 300 Millions to +1 Billion in 24 hours
https://coinmarketcap.com/currencies/terra-luna/
Im wondering why Binance didn't Announce a DELIST for those SHIT COINS till now
With these vast altcoins, you can't really avoid such things from happening no matter how good you are at distinguishing legit coins from fakes. Looks like they've just pretended to be a legit project from the start while they had some evil plan to pump and dump their coins in the end. Looks like this kinda triggers the other exchanges for being extra careful when accepting new listing applications from such kinds of coins if they don't want to ruin the trust of their users.
Deleting is not a wise choice at the moment because of the high volume. How does exchange like Binance make money? They charge fee on every trade people make. Luna trading volume is currently more than 32,000,000,000 usdt on Futures perpetual and 6,000,000,000 usdt on spot (not including other trading pair such as luna/btc)
It might take a while for Binance to delist Luna. I’m looking forward to seeing how Luna can withstand such disaster.
It might take a while for Binance to delist Luna. I’m looking forward to seeing how Luna can withstand such disaster.
Binance become a Shit Exchange that support Shit coins like LUNA and ANC
Why do you blame Binance for the price drop of Luna?Binance is an exchange and they have their own T&C on how they will delist a coin or token. But, if this is about the price drop, do you only get this once on Luna? Wake up dude, there have been so many coins that are dropped with extreme drops so far in many exchanges. Not only in Binance.
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