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Terra Classic Surges By 17%; Korean Prosecutors Seek Arrest of Co-Founder

  • Post published:December 2, 2022

Luna Classic (LUNC) once again surged in price, registering a 20% price increase. Binance destroyed more than 6 billion LUNC tokens in the sixth batch of the Terra Classic token burn on Thursday. Terraform Labs Pte. Ltd. co-founder Shin Hyun-Seung, also known as Daniel Shin, and seven other Terra employees are facing a court hearing in South Korea today. South Korean authorities issued an arrest warrant for Do Kwon in September, but he is still on the run.

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