[IRON_CROSS]

Weeeeeee !!

[TheFinalCD]

Terraform Labs must face US SEC fraud allegations, judge rules


$LUNAUSD
$LUNCUSD
$LUNAAUSD


https://www.reuters.com/legal/terraform-labs-must-face-us-sec-fraud-allegations-judge-rules-2023-07-31/

[ap17]

Took mine off of CB months ago, staked it and already earned 500,000 LUNC.

[PENNY PIRATE]

Classic Luna = Wrapped Luna = Immutable Contract ... Coinbase Needs to Re-list Wrapped Luna for Trading Again! Funding for 2-Q Approved for LUNC! There are Still Many of us that think a Big Comeback is Possible, but Coinbase needs to be a Part of it!

[ap17]

Anyone with money at Coinbase, you may want to rethink that, before you can't.

Coinbase Becomes Second Crypto Firm to Receive SEC Wells Notice
https://www.pymnts.com/cryptocurrency/2023/coinbase-becomes-second-crypto-firm-to-receive-sec-wells-notice/

"...Popular U.S.-based crypto exchange Coinbase may soon find itself in hot water with federal regulators.

The company’s CEO, Brian Armstrong, announced on Twitter Wednesday (March 22) that the exchange has received a Wells notice from the U.S. Securities and Exchange Commission (SEC) tied to Coinbase’s listing of potential unregistered securities across its suite of digital asset products and services.

“Based on discussions with the Staff, the Company believes these potential enforcement actions would relate to aspects of the Company’s spot market, staking service Coinbase Earn, Coinbase Prime and Coinbase Wallet,” Coinbase said in a statement.

Wells notices are not formal charges or lawsuits, but can often lead to them.

Most recently, at least for the digital asset sector, Paxos, a New York-regulated blockchain infrastructure and financial services platform, was issued one.

Paxos sunset its Binance-branded stablecoin product in response to the SEC notice.

Just as the Paxos Wells notice led to the retirement of its BUSD stablecoin, the SEC pressure on Coinbase has reportedly already killed the company’s staking reward product for at least one crypto token, Algorand.

“I woke up this morning to find Coinbase killed rewards … they are evaluating their services in light of recent regulatory scrutiny, and, for that reason, they will no longer support Algo rewards for Retail customers,” tweeted the Algorand CEO.

Coinbase users can still earn staking rewards from the Ethereum, Cosmos, Tezos, Cardano and Solana blockchain, per the Coinbase site..."

[PENNY PIRATE]

No Up-Dates about Wrapped Luna / Classic from Coinbase, but Silence may be Golden! Attorneys Love GAG ORDERS! NOT DEAD IMO! I see they are working on Burns and we should see Movement Eventually! Many are Not Converting to LUNA 2.0 and will wait for an Up-Date! :)

[Brokemillwright]

Yep, DEAD

[PENNY PIRATE]

YourPlanet ... Overdue IMHO to get some Official News about Wrapped Luna"Classic", IMMUTABLE? Coinbase has Lost Investors Trust, at least the ones that owned Wrapped Luna IMHO! They can still earn that Trust Back IMO, but only if they Re-List and allow Trading again! The Community is Building Utility Still and won't let go! :)

[YourPlanet]

May be by the end of this year

[ap17]

They did the same thing with my XRP....I got it the hell out of there almost 2yrs ago and now gaining 9% interest on nexo.
As for lunc, I get 150k(lunc) a week staking it and can sell it any time I want to.
Wasted time and money keeping it on CB who specifically stated they have NO PLANS for relisting it.

[PENNY PIRATE]

Coinbase is Still Very Quiet about Wrapped Luna, Not Much in Regards to Official News! Will Coinbase even allow a Convert Feature to USD so it's Valued Customers can Trade if they want? Nobody seems to Know! Frozen Funds on their Exchange, but Still have Value if sent to another Exchange! I've been Checking Youtube, there is information about the Tax, Burns, Staking and a Petition for Robinhood to list, We'll see! I Still Believe the Immutable Contract Needs to be Honored! :)

[pitacorp]

thanks Pirate, going to just hold for now, and been holding on KYNC, so not going anywhere soon with either, just trying to gauge my options... and thanks again...

[ap17]

IF you decide to transfer those wluna to a metamask wallet, they will instantly convert to LUNC at which point you can trade or hold almost anywhere.....just not CB.

[PENNY PIRATE]

piticorp ... When it comes to Coinbase, there's No Communication yet about Wrapped Luna "Classic"! I'm Holding my Tokens there, we may just Re-List and that's where my Linking Funds are. When is anyones guess, but I do think it will happen. For now you can send and receive, but not buy, it's their loss IMO. Binance is making a killing on Trades and Burning! Long Term, I thing we ALL HOLD ON until we get Clarification from Coinbase. Links have been provided here if you do want to use another exchange for Trading after sending your Wrapped Luna "Classic". There is so much less Wrapped than Luna Classic, so I've wondered how they will Re-List as well. Luna 2.0 and Classic should be Averaged IMO at the very least to get a Fair Wrapped Luna Price going Forward. Although the Original Contract is Immutable and should not have been Ignored, we wait for Communication from Coinbase as Binance Continues to Capitalize on the Popularity which is #7 as of this Posting! Good Luck with KYNC and AABB as well! :)

[pitacorp]

hey Pirate, maybe you would know...I have WLUNA, also with coinbase.. still not sure how to access them since coinbase said these tokens are not on their exchange anymore... BUT, do you think WLUNA will also come back if LUNA comes back?? supposidely this was the safer play at some point, and now it is nothing for the most part.. I am not planning on selling, it was just buy x amount and wait a couple years kind of thing.. still wanting to know exactly how to access these tokens when I want, and also the long term scenario

[pitacorp]

$20 worth of this is practically zero as you said... i am not sure why you bought, i guess you just wanted to flip and your timing was poor at best..i bought this 3 years ago with 15k, and got almost the same back in like 3 weeks... i bought 60k worth 1.5 years ago and got over 700k out of it... so, maybe the problem is not the stock, but your astute trading acumen... but there is money to be made from this stock, easily,.... just not for everybody.....

[Dio2000]

I bought like $20 worth and seen the value was diluted to hell and worth less than zero instantly so I said damn buying this pos

[ap17]

Therein lies the problem, and why I finally bounced off of CB with my Luna. CB also suspended my XRP going on 2 yrs now and no talk of relisting despite SEC high probability of losing it's case.

Interesting thing when you transfer wluna to a metamask wallet, it instantly converts to LUNC.
Everyone here serious about LUNA needs the metamask wallet.

Why not allow Investors to just Cash Out then? At Least Communicate! If they allow Trading,

[PENNY PIRATE]

IMHO, Wrapped Luna "CLASSIC" won't move until Coinbase decides to RELIST IT! The Luna Fiasco has Hurt Crypto in General IMO! Stable Tokens? No Trust Anymore, Just Silence! Funds In Limbo, but we can send them to another exchange? Why not allow Investors to just Cash Out then? At Least Communicate! If they allow Trading, Watch Crypto come alive again with Trust Restored ! I've seen Posts about Coinbase and Binance Holding the Majority of Tokens! Two of the Biggest Crypto Exchanges and Nothing yet about the Original Contract being Immutable? Forked? Very Concerning! Maybe in Litigation about it with a Gag Order in Place! At least CZ at Binance is allowing the Tax Burning of Tokens! Combine 2.0 and Classic and get an Honest Ratio already and be done with it! Let the Market Decide the Future! :(

[abrois]

talk of reinstating LUNA on CB,

[ap17]

How to move,convert wluna to lunc,and stake your LUNC.

Just transferred all my wluna off CB, now they can kiss my ass.

To do it first download and add metamask and terra station to your chrome extension.
(sorry but I have no apple/mac instruction, never owned an apple....never will)

Terra.money is the site for getting the terra station wallet.

Watch this video for more instruction, its 25 minutes.

AND THIS:

Also converted my wrapped to LUNC.
This video also good.

Link to terra station.
https://www.terra.money/

[PENNY PIRATE]

Binance Burning Tokens at 1.2% Tax Rate on Transactions, LUNC is going to Gain Traction! What's even more interesting, Wrapped Luna has so much less Tokens at 300,000,000,000+ Billion compared to 6,000,000,000,000+ Trillion LUNC, but we Track LUNC at the same Price! The Original Contract was to Track LUNA, Now 2.0 at $2.00+, Immutable = Unable to be Changed, RIGHT! At least LUNC is going to Survive and Come Back with the Burns & Staking! Now if Coinbase would Allow Trading Again, LUNC will RUN HARD IMHO! :)

[abrois]

nice morning spike burn baby burn ,,

[ap17]

I thought I was trapped there, until I sat down at the PC and didn't get up until all my coin was safely off CB. It's a little work, but worth it. Happy to not have wrapped anymore.

[PENNY PIRATE]

ap17 ... I Dis-Like Class Actions for Obvious Reasons, but I have to Admit I've Lost Confidence in Coinbase because of the Wrapped Luna Situation and the Loss of Funds in Recent Transactions! That said ... I do Hope Coinbase Re-Lists Wrapped Luna Classic for Trading or at the Very Least allows Funds to be Cashed Out/Converted to another Token, even if we Can't Buy More, which will be their Loss IMHO!! Communication is another Topic for Discussion, the Silence is Frustrating for Investors that are Trapped! :(

[ap17]

Coinbase Hit With Another Class Action Lawsuit Following SEC Allegations
The latest class action against the exchange acts for anyone who bought “Coinbase securities” over the past year and a half.

By Sebastian Sinclair
/
August 5, 2022, 4:42 am EDT
The class action alleges Coinbase knew it listed digital assets which should have been registered with the SEC
Lawyers also argue Coinbase held users’ digital assets knowing they could end up as property of a bankruptcy estate
Beleaguered US cryptocurrency exchange Coinbase is staring down yet another class action lawsuit.

Law firm Bragar Eagel & Squire filed the suit on Thursday in the US District Court of New Jersey, alleging Coinbase made false or misleading claims about its business activities and compliance policies for more than a year, according to a statement.

Specifically, the multi-faceted claim asserts Coinbase held customer’s digital assets knowing they could end up as the property of a bankruptcy estate, potentially forcing customers to be treated as the exchange’s “general unsecured creditors.”

Coinbase is alleged to have allowed US customers to trade digital assets which the exchange “knew or recklessly disregarded” which should have been registered with the Securities and Exchange Commission (SEC).

The New York law firm is acting on behalf of “all persons and entities” who bought “Coinbase securities” between April 14, 2021 and July 26, 2022. A Coinbase spokesperson did not immediately return a request for comment.

“The foregoing conduct subjected [Coinbase] to a heightened risk of regulatory and governmental scrutiny and enforcement action,” the law firm said in its statement.

But while it’s still early days for the suit, the allegations echo the SEC’s claims of Coinbase masquerading as an unregistered securities exchange.

Coinbase also facing class action lawsuit over Terra listing
Last month, the watchdog charged Coinbase’s former product manager, Ishan Wahi, with insider trading of at least 25 digital assets.

The SEC says nine of the 25 assets flagged are unregistered securities. Securities are tradable financial instruments whose definitions vary from jurisdiction to jurisdiction.

Shortly after Wahi’s charges were made public, Bloomberg indicated the SEC had initiated a probe into Coinbase which pre-dated the insider trading case.

In the US, a security is defined by the Howey Test, a decades-old US Supreme Court case determining whether an asset is an investment contract and should therefore fall under the SEC’s jurisdiction.

Preston Byrne, partner at New York law firm Anderson Kill, told Blockworks last week there’s a very strong possibility “that a lot of the things on Coinbase are investment contracts.”

News of Coinbase’s dealings with the SEC negatively impacted its share price (COIN), Bragar Eagel & Squire alleges, which slumped more than 21% on the day of Bloomberg’s report.

COIN shares have since recovered and then some, surging nearly 60% in five days, most recently buoyed by news of BlackRock deal to expand its institutional trading services.

A separate class action lawsuit, filed in June, reportedly alleges Coinbase failed in its duty of care by listing the revamped Terra Classic token on its platform, and neglected to disclose an alleged financial connection to Terraform Labs.

Also in June, lawyers representing Coinbase customers filed another class action lawsuit in the federal court in northern California over allegations the exchange promoted stablecoin GYEN that was termed, at the time, “anything but” stable.

[ap17]

The overwhelming analysts consensus is to never swap LUNC for luna 2, bad move.
wluna loosely tracks lunc LOOSELY!! lunc tends to be higher when compared.
If all hell breaks loose and LUNC takes off in earnest, good luck with CB...you'll need it. Coinbase is facing multiple lawsuits, and they already stated they won't relist. I don't need to hear it twice. My staking rewards alone is incentive enough.
news flash: CB doesn't care about credibility, numerous class action suits against them says it all. Not safe to keep coin on an exchange anyway, but CB gives 1/2 dozen more reasons to get the coin off their site. Going on 2 years they suspended xrp....luna will be no different.

[PENNY PIRATE]

ap17 ... So I guess it's safe to assume you gave up on the chance we will Track 2.0 as well! The original contract has been broken, everyone appears to agree, but will the courts? Meanwhile ... Wrapped Luna is following/tracking LUNC and should do well with all of the Initiatives being implemented when approved and Burn Tax starting in less than 24 Hrs.! Thanks for the information you provided here, but I'm waiting for Coinbase to Re-List because otherwise, they will lose all credibility in the eyes of many! I did just see speculation that Coinbase WILL Re-List if Binance Supports the Burn and other potential Catalysts! They would be Left Behind if they don't IMHO! :)

[ap17]

I don't follow Luna 2, but I need access, and I don't see them relisting anytime soon. They did the same with my XRP. I moved both off, and the staking reward alone is paying off, I have earned 13700 lunc in less than 24 hrs staking.....that alone is reason enough, not to mention I have full access for trading.

[PENNY PIRATE]

ap17 ... O.K., but the Official Terminology is Suspended! We have around 330 Billion Wrapped Luna Tokens in Circulation and Trillions of Luna Classic, the Ratio is off, even if we are Tracking! Now that I'm seeing a LUNC Burn, Luna NFTs and Luna Poker among other Initiatives being Developed, Classic may come back Strong and Hard! I've just sent some to another Exchange, but will wait a little while longer to make a Big Move! My Holdings on Coinbase are Still there even If I can't Trade Yet! We could Bounce Back to Recent Highs ANYTIME and Coinbase may Re-List IMHO! If you are Following LUNA 2.0 now, Good Luck to You! :)

[ap17]

That's directly from them, and posted. I'd convert wrapped asap....it's only a tracking coin....not a coin itself. When I bought my LUNA on CB it was NOT wrapped. THEY pulled that shit.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=169977609

[PENNY PIRATE]

ap17 ... Why do you say they are Clear about Not Re-Listing? Is it because they have not yet or is it because it's Official from Coinbase! I've yet to see anything! Thanks and Good Luck with the Transfer and Staking! :)

[ap17]

They are clear about not re-listing. WLUNA is simply a coin tracking LUNC, not a lot you can do with it at this point. Best thing is to get it OFF of CB. I did that yesterday, converted it to LUNC and now staking it on "terra station wallet" in less than 18hrs got over 9300 LUNC. Complete instruction videos are posted here.

[PENNY PIRATE]

Coinbase needs to Re-List Wrapped Luna! Burn Tax Implemented and the WRAPPED LUNA Token could Catch Fire with this Spark! This one is NOT GOING AWAY IMHO! The Official Silence could be a Roaring Lion in the Back Rooms, Let's see what Happens here! :)

[ap17]

no, but there is an ethereum fee. On 16MM coin it was 25

[N-13]

Any value lost when converting from WLuna to LunC?

[N-13]

Thanks for the info AP17.

[ap17]

Now staking my LUNA at BTC secure for 37,678.666421 LUNC per 100 lunc monthly.
SWEEEEEEEEEEEEEEEEEET!! CB can F' off.

[ap17]

Also converted my wrapped to LUNC.
This video also good.

[ap17]

Just transferred all my wluna off CB, now they can kiss my ass.

To do it first download and add metamask and terra station to your chrome extension.
(sorry but I have no apple/mac instruction, never owned an apple....never will)

Terra.money is the site for getting the terra station wallet.

Watch this video for more instruction, its 25 minutes.

[ap17]

LUNA investor alert: Global investor rights law firm file class action lawsuit on Terra
CRYPTOS | 7/23/2022 9:24:09 AM GMT

A Global investor rights firm has announced the filing of a class action lawsuit on behalf of Terra token holders.
The lawsuit alleges that Terra violated provisions of the securities act by selling non-exempt securities without registering it.
Analysts have predicted a breakout in LUNA 2.0 price, as the altcoin reveals bullish potential.
A law firm has launched a class action lawsuit on behalf of Terra tokens including LUNA, UST and others, MIR, Mirrored Assets and Liquidity Pool tokens. The Rosen Law firm has invited affected Terra LUNA investors to join the class action lawsuit.

Also read: LUNA holders watchout: Investigation in the Terra collapse catches investors off guard

Class action lawsuit claims LUNA is a security
Rosen Law firm, a global investor rights law firm, announced the filing of a class action lawsuit on behalf of Terra token purchasers. Terra tokens include UST, LUNA, KRT, ANC, WHALE, ASTRO, APOLLO, XDEFI, MINE, aUST, vUST, MIR, Mirrored Assets (mBTC, mETH, mVIXY, mTSLA) and Liquidity Pool tokens. The lawsuit is filed against TerraForm Labs, Jump Crypto, Jump Trading LLC, and others.

The firm has called token holders to move the court no later than August 19, 2022. According to the lawsuit, TFL and the defendants have violated provisions of the Securities Act and sold non-exempt securities without registration.

The lawsuit argues that defendants violated the provisions of the Exchange Act through a scheme by which investors purchased Terra tokens at artificially inflated prices.