Terra (LUNA), the leading role in the biggest crypto currency collapse in history, went through a change in the team. Since Terraform Labs co-founder Do Kwon is in prison in Montenegro, the company has decided to appoint a new CEO. According to WSJ’s report, Chris Amani took over the company.
The new CEO of the platform, which was plunged into a major bankruptcy with the collapse of the Terra (LUNA) stablecoin UST, stated to the press that there are no plans for a new stablecoin. Amani also expressed hope that Do Kwon would be cleared. Do Kwon is being held in prison in Montenegro for using forged documents. There is a possibility that Kwon will be extradited to the United States or South Korea.
Terra (LUNA) priceAs of the writing of the article, it is trading at $ 0.65. The company’s sinking old product Terra Classic (LUNC) price On the other hand, it is trading at $0.00008716 as of the time of writing.
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