Terra Luna Classic Community Approves 800 Million USTC Burn Proposal Amid Controversy
The Terra Luna Classic community has approved a proposal to burn 800 million USTC. The proposal, put forth by a prominent member of the LUNC community known as Vegas, suggested blacklisting the Ozone Protocol wallet that contained 800 million USTC, effectively freezing the tokens instead of destroyi ...
Terra Luna Classic Proposes Raising Minimum Deposit to Combat ‘Spam’ Proposals
The Terra Luna Classic community is currently engaged in voting on various proposals, but there are growing concerns regarding the surge in "spam" proposals, particularly following a decline in LUNA prices. In response to this issue, a fresh proposal has emerged, suggesting an increase in the minimu ...
DeFi Project Terraport Finance Hacked, Losing $4 Million Worth of Tokens
A DeFi project called Terraport Finance was recently targeted by hackers, resulting in the theft of 9.5 million TERRA, 15 billion LUNC, and 5.5 million USTC tokens, totaling $4 million. The team behind Terraport Finance took to Twitter to inform its community of the breach and that they are activ ...