Will S. Korean Exchanges Relist LUNA? Rumors Claim Terra Founder Reaching Out To Exchanges

Do Kwon, the CEO of Terraform Labs who is currently being investigated by the police for counts of fraud, tax evasion and other violations of financial regulations is rumored requesting Luna 2.0 relisting when they begin issuance. As per rumors, his words; ‘please list Luna 2.0‘ was sent through a contact person that is suspected to be an employee of Terraform Labs in Singapore, via Telegram, to five exchanges that support KRW trading in Korea.
LUNA now at the mercy of exchange favours
CEO Kwon took to Twitter on the 18 of May to say; “Let’s name the existing Terra blockchain network ‘Terra Classic’ and the existing Luna ‘Luna Classic’ and create a new Terra blockchain.”
Validators’ votes have been casted and as of the 25th, the total voter turnout was 80.99%, and ‘agree’ was impressively at the rate of 67.27%, which indicates a very high probability of passing.
However, being a subject of investigation by the police, Do Kwon’s whereabouts are currently unknown. Financial crimes investigative teams also have their sights set on Kwon and as a result, the domestic exchange seems to be keeping Terra at arm’s length. The contacted domestic exchange platforms have reportedly replied to the request from Terraform Labs’ in a cold manner; “If you want to be listed, go through the official listing process.”
Terra looks to relaunch another version of LUNA
Following the tragic crash of LUNA and its sister stablecoin UST, Terraform Labs has reaffirmed their announcement to Launch Luna 2.0 and promises it to be a ‘genesis blockchain beginning from block 0 with no dApps launch’
The new blockchain has been confirmed for release on May 27 by Terraform Labs and has been announced that it will share no history whatsoever with Terra classic.
The organization clarified that the plan is to “Fork the Terra chain into a new chain without the algorithmic stable coin. The old chain to be called Terra Classic (token Luna Classic – LUNC), and the new chain to be called Terra (token Luna – LUNA).”
The new tokens are set to be airdropped across Luna Classic stakers, Luna Classic holders, residual UST holders, and essential app developers of Terra Classic.
- FG Nexus to Tokenize Stock on Ethereum as SEC Weighs 24/7 Onchain Stock Trading
- Bitcoin Still Undervalued, JPMorgan Forecasts Rally to $165,000
- Breaking: CME to Launch 24/7 Crypto Futures Trading Amid Rising Institutional Demand
- Citigroup Predicts Bitcoin Could Climb to $231,000 in 12 Months
- Ethereum and BMNR Rallies as BitMine Drops $1B on ETH, Analyst Hails “Most Bullish Setup Yet”
- Pi Network Price at Risk of Another Crash as Mysterious Whale Stops Buying
- Solana Price Eyes $360 After Bullish Retest As VisionSys AI Deploys $2B Treasury Strategy
- Cardano Price Forecast As Hashdex Listing Fuels Optimism For $1.27 Breakout
- BONK Price Rally Ahead? Open Interest Jumps as TD Buy Signal Flashes
- Shiba Inu Price to Surge as Whales Buy and Team Commits to Shibarium Growth
- XRP Price Prediction After Ripple CTO David Schwartz Resigns