Terra Luna Classic News: Do Kwon lawyers push for release in Montenegro

Do Kwon, one of the co-founders of Terra Luna, has been arrested in Montenegro airport en route to Dubai for forgery on claims of traveling with forged documents. According to Terra Luna Classic news, DO Kwon and his counterpart, Terraform Labs’ CFO, will be held for 30 days instead of the usual 72 hours as per the prosecutor’s request, probably due to South Korea and US requests for extradition. However, Do Kwon and Han Chang-Joon insist the travel documents are valid, and Do Kwon’s lawyer is pushing for his release in Montenegro.

Do Kwon had left his home in Singapore following Interpol’s notice of Kwon/s flight risk following Terra’s collapse in 2022. The South Korean authorities want him for fraud and capital markets law violation, whereas its US counterparts labeled him claims of securities and wire fraud. Terra Luna’s other co-founder, Shin Hyun-Seung, has been cooperating with the police, hence not considered a flight risk.

Terra Luna Classic (LUNC)

Terra Luna is a blockchain platform striving for a stable and scalable infrastructure for dApps and payments. It has gained popularity in cryptocurrency due to its innovative approach to stablecoins and its partnerships. However, it’s facing low investor confidence due to its big crash in 2022.

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Where To Buy Terra Luna Classic?

Terra Luna Classic is available on top DEXs, including Binance, Huobi, Gate.io, Crypto.com, Bybit, Kucoin, etc. However, when selecting an exchange to acquire your Terra Luna Classic, research its features, including security, transparency, and low fees.

Will Terra Classic Reach $1?

Terra Classic price prediction news shows that LUNC may not attain the $1 mark this year. The Terra Luna Classic community will have to upgrade most of its infrastructure and aim to drive the coin by a massive increase, given that it’s trading below one cent. The current supply of LUNC must be drastically reduced through the Binance burn system. To reach one cent, LUNC must increase by eight times to get a market cap of nearly $6 billion.

Is Terra Classic Dead?

Terra Classic isn’t dead but rising from the deathbed following the Terra Luna community’s revival strategies. Its near-death experience culminated in UST crashing to zero against the dollar, leading to LUNA’s collapse and investors’ losses amounting to billions.

Conclusion

Luna’s collapse led to a split into LUNA v2 and Luna Classic (LUNC). LUNA V2 token continued the Terra Classic operations, but its price has been struggling. LUNC is community driven and recently achieved a market cap increase of over 300%. Part of the revival strategies include integrations, and Avorak AI’s tools come in handy in accelerating this journey.

Get more on Avorak AI and its ICO here:

Website: https://avorak.ai

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