LUNC 20% Off After Interpol Issues Red Notice With Do Kwon

Continuously receiving shocks, the price of LUNC dumped strongly since September 20. Not stopping when Binance proposed to apply 1.2% tax burning for LUNC transactions, the price of Luna Classic continued to decline. brake with information Interpol issued a red notice to Do Kwon.

As was updated in an earlier Coincu News article, the most recent sale comes after the International Criminal Police Organization (Interpol) issued a Red Notice to Terra founder, Do Kwon. In 24 hours, LUNC price decreased by 19.71%, currently trading at $0.00019.

24h LUNC price chart. Source: Coincu.com

As was updated in an earlier Coincu News article, prosecutors in Seoul said on September 26 the international police organization issued a Red Notice for Kwon. He faces charges in South Korea related to the wiping out of $60 billion in cryptocurrencies he created.

Previously, the Terra co-founder denied running away, however it contradicted the prosecutor’s allegations. It was because of the inability to locate Do kwon that made the Korean arrest difficult.

Because of the serious nature of the case, Korean prosecutors asked Interpol to issue a red notice against Do Kwon. At the same time, the Seoul Southern District Prosecutor’s Office added that it had asked the Seoul Foreign Ministry to cancel Do Kwon’s Korean passport for absconding.

Binance is also divided in the community with the proposal to introduce a 1.2% burning tax on LUNC transactions. This is also one of the reasons why the price of LUNC has continuously decreased since the 23rd until now.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

Foxy

CoinCu News

Victor

Recent Posts

The Best Crypto for Passive Income? 10% Weekly Gains and 20% Final Surge—Qubetics Mirrors Cosmos’ Early Success!

There’s always that one coin people wish they hadn’t overlooked. For many, Cosmos ($ATOM) is…

7 minutes ago

Cosmos Developer Interchain Foundation Sold 3000 ETH Today

Cosmos Developer Interchain Foundation sold 3000 ETH from its ICO today, totaling 21,600 ETH sold…

56 minutes ago

Zircuit Launches ZRC Token: Pioneering the Next Era of Decentralized Finance

George Town, Grand Cayman, 22nd November 2024, Chainwire

1 hour ago

Inflation Warning By Vanguard Amid Tariffs And Labor Issues

Inflation Warning by Vanguard highlights risks during Trump’s term, citing tariffs and tighter labor markets…

2 hours ago

Clanker Token Trading Volume Hits $59.8 Million High On November 21

Clanker token trading volume hit $59.8M on Nov 21, accounting for 14.75% of PumpFun. Fee…

2 hours ago

Bitcoin Spot ETF Inflows Hit $1 Billion Led By BlackRock

Bitcoin Spot ETF inflows hit $1.005B on Nov 21, led by BlackRock’s $608M and Fidelity’s…

2 hours ago

This website uses cookies.