Terra Classic’s cryptocurrency – LUNC and USTC – rose sharply in price after Do Kwon’s interview. What did the founder of the platform say?
Two cryptocurrencies of the affected Terra Classic blockchain – Luna Classic (LUNC) and Terra USD Classic (USTC) – unexpectedly headed upwards. On August 23, the USTC stablecoin showed a daily increase of 8%. The main currency of the blockchain – Luna Classic for 24 hours added 42%. The exact cause of the rise is unknown. But the growth followed an interview with Terraform Labs founder Do Kwon. In an interview for Coinage, the Korean developer said: a mole could act in the company.
If you’re asking me if the mole was in the TFL, it’s probably a “Yes.” Has anyone tried to take advantage of this particular opportunity, I would say the answer would be “Yes.” But if these opportunities existed, then the fault lies with the person who first introduced these vulnerabilities. “I, and only I, am responsible for any vulnerabilities that may have been presented to the shortseller to start taking profits.
In addition to the growth of the classic coin, Terra Phoniex’s newest blockchain network asset – the LUNA cryptocurrency – grew by 9%. LUNA’s trading volumes were half that of LUNC and USTC.
#LUNC #USTC #rise #Kwons #interview