CDS Airdrop & Listing LUNC Delist: Crypto.com Confirms Delisting The Coin Due to Bankruptcy Filing
Airdrop & Listing

LUNC Delist: Crypto.com Confirms Delisting The Coin Due to Bankruptcy Filing

Following the bankruptcy filing, Crypto.com confirmed the LUNC delist.

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LUNC Delist: Crypto.com Confirms Delisting The Coin Due to Bankruptcy Filing

By press time, LUNC had dropped significantly by 10.21% on the previous day following Crypto.com’s announcement that the cryptocurrency would be delisted.

LUNC Delist: Crypto.com Confirms Delisting The Coin Due to Bankruptcy Filing

Investors were notified by email of the delisting, which was set to happen on February 15. When the material was first released, there were questions regarding its veracity and possible email spoofing because there had been no prior official notification.

Terraform Labs Files for Chapter 11 Bankruptcy

As soon as Crypto.com confirmed the delisting without releasing an official statement via their website or social media accounts, the rumors were verified. Only a few hours after Terraform Labs, the company that created Terra Classic, filed for Chapter 11 bankruptcy protection in the US, the situation became worse.

With assets and liabilities between $100 and $500 million, Terraform Labs filed for bankruptcy on Sunday. During the bankruptcy procedures, the company plans to continue growing its offerings and fulfill all of its financial obligations to suppliers and employees without taking on any further debt.

LUNC Delist: Crypto.com Confirms Delisting The Coin Due to Bankruptcy Filing
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lectertodd

Lectertodd is 25 years old. She graduated from Çankaya University, Department of Psychology, in 2021. She actively works as a writer, translator, and editor for various websites. Moreover, she loves reading, researching, and learning new things.

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