The phrase falling knife is widely used in the markets. However, when crypto currency investors hear this, Luna And Upstairs income. The event, which turned 2022 into a nightmare, ended with a South Korean scammer’s investors dragging tens of billions of dollars of loss. Ftx collapse Many major negative developments, including, were something that the Luna collapse triggered.
Terra case
More than 40 billion dollars more direct losses, indirectly to taste the market, Do Kwon is still on trial. The return process was almost returned to the snake story and the return was approved and canceled many times. As Montenegro began to be accused of “seriousness”, the story of the upside-down courts to break each other’s decisions was approved. It was interesting days.
Tomorrow’s hearing day and Do Kwon‘s defense is mentioned. Do Kwon, the founding partner of Terraforn Labs, is facing US prosecutors on charges of fraud and money laundering. The only thing he can do is to accept them because his denying his crime does not change anything.
The Calendar decision presented at the US Regional Court of New York Southern Region says that Judge Paul Balıkmayer was informed.
“The court was informed that the defendant could make changes to the defense.”
In January 2023, a criminal prosecution began for Kwon, who claimed to be innocent in January. He will probably accept his crimes at the hearing tomorrow and face the end of his escape.
Luna and Lunc
2 They are nothing but speculative subco. Luna And I’m talking about Lunc and I’ve never been tired of writing the same thing since the collapse of 2022. Although investors who suffered a large amount of loss seem to be hopeful, they have lost their hope over the years. Luna, who had a speculative rise for $ 0.8 after the US elections, fell at the same speed. He hasn’t been a remarkable upward attempt for 250 days, and he has to experience an increase of approximately 372 %to see his price at the end of last year.
It seems that it will continue to go to deeper bottoms below $ 1 for almost 500 days. Because the competition is strong, the team behind Luna has disappeared, no money, the network was useless, and what we’ve been experiencing for years was already obvious. Speculative movements can be again, but this straw will be like Alevi.
The situation is no different for Lunc. We explained with 100 years of projections that the stories of the narrowing of supply with burning and so on are empty. Almost two graphics. Terra rebels Although he gave hope at first, Lunc could not succeed. Those who know that speculative tokens and crypto infrastructure protocols have numerous alternatives in the strengthened competitive environment are easily accepted the idea that the decline will continue in the long run. Of course, crypto currencies are full of surprises and you are responsible for all the positive/negative results of your investment decisions.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
