• Advertise
  • Submit a Press Release
NewsBTC
Bitcoin & cryptocurrency news
Crypto.com Logo
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play GamesTry
  • Play Casino GamesTry
  • Free SpinsTry
No Result
View All Result
Breaking News: Dogecoin Surges 6% After Elon Musk Unveils Crypto Payment Master Plan
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play GamesTry
  • Play Casino GamesTry
  • Free SpinsTry
No Result
View All Result
NewsBTC
No Result
View All Result
Breaking News: Dogecoin Surges 6% After Elon Musk Unveils Crypto Payment Master Plan
Are There Any Chances Of Terra UST Victims Getting Refunded? Let's Find Out

Are There Any Chances Of Terra UST Victims Getting Refunded? Let’s Find Out

Denis by Denis
4 months ago
in Terra (LUNA)
Reading Time: 2 mins read
Advertisement

Following recent happening in the Terra community after what is known as the biggest crash in the crypto industry, victims expect a reimbursement. The LUNA founder Do Kwon answered the victims’ queries in an Unchained interview.

In the interview, Unchained asked if pre-depeg UST holders would receive reimbursement or if it was a rug pull. The Terra founder avoided his promise to compensate pre-depeg UST holders with USDT and USDC, which he made via a tweet in May. He stated why Luna Foundation Guard (LFG) cannot compensate users.

Related Reading: Quant Balloons Over 35% In Last 7 Days Courtesy Of Strong Social Metrics

No Refund Until All Litigations Actions Are Resolved, Says Terra Founder

Do Kwon, stating his reasons, said the LFG is not in a state where it can liquidate its assets. He cited the pending legal actions against LFG, saying they will not distribute tokens until all gets resolved.

Don't wait! Jump on this Crypto Deal and get a 150% Welcome Bonus plus 100 Free Spins on your deposit today!
570% up to 12 BTC + 300 Free Spins for new players & 1 BTC in bonuses every day, only at Wild.io. Play Now!

However, the LUNA founder does not know how long the legal processes would take and when all would end. He said the idea of compensation is like a charitable effort to distribute 313 Bitcoin in USDT and USDC to the holders. However, he insisted on no refunds.

Are There Any Chances Of Terra UST Victims Getting Refunded? Let's Find Out
BTC stays low on the daily chart. Source: BTCUSDT Tradingview

Furthermore, Do Kwon denied having personal funds for a refund while regretting the loss of investors in the Terra-LUNA crash.

Following several actions against the LUNA Founder, his South Korean passport has been revoked and will be invalid this week. However, he is not planning to return to South Korea or cooperate with the prosecutors soon.

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?

Do Kwon claim that no arrest warrant was issued against nor has he seen his name on Interpol’s Red Notice? Last month, South Korean prosecutors declared the Terra founder wanted, issuing a warrant for his arrest. The prosecutors also claimed they obtained approval to add his name to Interpol’s Red Notice.

Do Kwon’s Whereabouts Still Unknown while He Denies Working on LUNC

Meanwhile, Do Kwon’s whereabouts are still unknown, and he avoids discussions about it in his interviews.

Regarding the ongoing Terra Classic recovery campaign of the Terra Rebels, the Terra founder denied any connection. He said he is not working on Terra Classic, but the Terra Station still supports LUNC. However, the Terra Rebels aim to stay independent of LUNA with their roadmap.

Related Reading: Monero Coin Climbs 6% In Last 3 Days – Bullish Activities Seen For XMR

In September, the volunteer developer group Terra Rebel released their Terra Classic Revival Roadmaps. In their tweet on September 29, the group announced that the roadmap and white paper are available on their website. They also said it is subject to change and declared they are open to accepting financial support.

Featured Image From Pixabay, Charts From Tradingview
Tags: cryptoDo KwonLUNCTerra Classic
Tweet123Share196ShareSend
Win up to $1,000,000 in One Spin at CryptoSlots
Denis

Denis

Denis is a passionate writer and editor and he's been writing in finance industry for almost 6 years.

Related Posts

terra luna classic news LUNC

Terra Classic (LUNC) Crashes 11% After This Binance Change

1 month ago
LUNA Classic (LUNC)

Terra Classic (LUNC) Beats The Odds With 16% Rally, More Gains Ahead

1 month ago
Coinbase Terra Luna Classic

Terra Luna Classic Up 6% On Rumor That Coinbase Is Buying LUNC

1 month ago
Terra

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

2 months ago
NYDIG, two people in front of a whiteboard

NYDIG Analyzed The FTX Collapse And Its Implications. What Did We Learn?

3 months ago
Armageddon Bitcoin

Terra Community Burns 25 Billion LUNC Tokens, Will It Reach The Highs?

3 months ago

Premium Partners

Top Casinos

BitStarz

BitStarz

Review · Visit
Punt Casino

Punt Casino

Review · Visit
Metaspins

Metaspins

Review · Visit
Trust Dice

Trust Dice

Review · Visit
CryptoSlots

CryptoSlots

Review · Visit
Coinplay

Coinplay

Review · Visit
mBit

mBit

Review · Visit
Vave

Vave

Review · Visit

Sportsbooks

1xBit

1xBit

Review · Visit
Coinplay

Coinplay

Review · Visit

ApeCoin (APE), Dogecoin (DOGE), and Snowfall Protocol (SNW) – Three Great Coins for NFT Lovers

February 3, 2023

Turn Playtime into Paytime with RankerDAO’s Gaming Crypto Platform

February 3, 2023

Fetch.ai (FET) up 200% in 30 days – Orbeon Protocol (ORBN) Skyrockets by 1400% in Presale

February 3, 2023

Dacxi.com rebrands to Wealth99

February 2, 2023

What Is the Latest in Crypto? Terra Classic Community Approves Crucial Proposal to Resume Terra CLasic (LUNC) Burns, Fetch.Ai (FET) Ranks Among the Top AI Altcoins for Investors In 2023, Snowfall DEX Attracts More Investors to Snowfall Protocol (SNW) with A Week to Official Launch

February 2, 2023

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Links

Crypto Prices from Nomics

Cryptocurrency news

  • Bitcoin
  • Ethereum
  • Ripple
  • Chainlink
  • Cardano
  • EOS
  • Tezos

Technical Analysis

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Tezos (XTZ)

Company

  • Advertising
  • Comments Policy
  • Privacy Center
  • Sitemap
  • About Us
  • Contact

© 2022 NewsBTC. All Rights Reserved.

  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play Games
  • Play Casino Games
  • Free Spins

© 2022 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.