Do Kwon Reportedly Tries To Re-List LUNA On Korean Exchanges
It is reported that Do Kwon contacted five South Korean exchanges to relist LUNA when LUNA 2.0 goes live
Kwon contacted the top 5 exchanges that accept LUNA/KRW trading in Korea
The exchanges replied that “If you want to be listed, go through the official listing process”
The collapse of the Terra environment sent shockwaves through the cryptocurrency ecosystem, pulling the entire market down with it. The fiasco has highlighted concerns about the validity and long-term viability of algorithmic stablecoins. And, according to a credible Korean news site Heraldcorp, Do Kwon, Terraform Labs CEO, contacted five South Korean exchanges to relist LUNA when LUNA 2.0 goes live.
According to Heraldcorp, Do Kwon said, “Please relist when Luna 2.0 is issued”. Moreover, the police were searching Kwon for inquiry, but they couldn’t find him. Kwon is currently missing from his office and home in Singapore, and his whereabouts are unknown.
Terraform Labs CEO Kwon contacted the top 5 exchanges that accept KRW trading in Korea. He contacted the exchanges approximately a week after the vote titled “Rebirth of the Terra Network” was filed. According to the industry, on the 25th, Kwon requested the exchanges to “Please include Luna 2.0”.
Interestingly, he didn’t contact the exchanges directly, instead, the message was conveyed via Telegram. On 18th May 2022, Do Kwon The Layer
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Do Kwon Reportedly Tries To Re-List LUNA On Korean Exchanges
By
Chaahat
May 25, 2022
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Do Kwon contacted South Korean exchanges to relist LUNA when LUNA 2.0 goes live and he contacted the top 5 exchanges that accept KRW trading.
Source: The Layer
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It is reported that Do Kwon contacted five South Korean exchanges to relist LUNA when LUNA 2.0 goes live
Kwon contacted the top 5 exchanges that accept LUNA/KRW trading in Korea
The exchanges replied that “If you want to be listed, go through the official listing process”
The collapse of the Terra environment sent shockwaves through the cryptocurrency ecosystem, pulling the entire market down with it. The fiasco has highlighted concerns about the validity and long-term viability of algorithmic stablecoins. And, according to a credible Korean news site Heraldcorp, Do Kwon, Terraform Labs CEO, contacted five South Korean exchanges to relist LUNA when LUNA 2.0 goes live.
According to Heraldcorp, Do Kwon said, “Please relist when Luna 2.0 is issued”. Moreover, the police were searching Kwon for inquiry, but they couldn’t find him. Kwon is currently missing from his office and home in Singapore, and his whereabouts are unknown.
Terraform Labs CEO Kwon contacted the top 5 exchanges that accept KRW trading in Korea. He contacted the exchanges approximately a week after the vote titled “Rebirth of the Terra Network” was filed. According to the industry, on the 25th, Kwon requested the exchanges to “Please include Luna 2.0”.
Interestingly, he didn’t contact the exchanges directly, instead, the message was conveyed via Telegram. On 18th May 2022, Do Kwon Tweeted,
On 25th May 2022, the total vote turnover is 80.99%, and ‘agree’ was overwhelmingly high at 67.27%. This indicates a high probability of passing the proposal.
Exchanges reply to Do Kwon’s request
The exchanges contacted by Kwon to relist LUNA replied that “If you want to be listed, go through the official listing process.” Furthermore, there are no plans for a separate airdrop to distribute fresh coins to existing coin holders.
While the prosecution is looking into the ‘Tera/Luna crash,’ the police have also begun an inquiry into claims of corruption at Terraform Labs, thus, it is believed that there is no choice but to be cautious. Furthermore, if the restoration plan is approved, Upbit’s position is that it will support airdrops for fresh Luna coins.
With the exception of Coinone, major local virtual asset exchanges have stopped supporting transactions for the virtual asset Luna. According to information released by Financial Intelligence Unit (FIU), as of the 6th day before the Luna issue, there were roughly 100,000 users in Korea who owned Luna, with 3.17 million holdings.
