Just wanna scroll the news? Take the pill 💊
Ecosystem

Community Members Continue to Support Terra Luna Classic Post-Collapse

Despite the collapse of Terra Luna Classic and its founder Do Kwon's subsequent conviction for fraud, a community of dedicated supporters remains active. As reported by Decrypt, individual investors like Vegas continue to push for the revival of the project and participate in its ongoing management.

3 hours ago·2 min readIntermediate·Reported by Ryan Gladwin·via Decrypt·Reviewed by Ryan Gladwin·at publish:SOL $62.47·BTC $60,789
Community Members Continue to Support Terra Luna Classic Post-Collapse

Terra Luna Classic, the blockchain infrastructure abandoned after the downfall of Terraform Labs and its founder Do Kwon, is still receiving support from a devoted group of community members. Following the $40 billion collapse of Terra in 2022, Kwon was convicted of fraud and sentenced to 15 years in prison, but many individuals still believe in the potential of the network.

One prominent supporter is a community member known as Vegas, who was deeply impacted by the collapse with approximately $50,000 invested at that time. Now he acts as a crucial contact in the Terra community, managing communications and assisting developers with their proposals. He dedicates a significant portion of his daily routine—at work and in his personal life—to monitor developments in the Terra ecosystem.

Vegas emphasizes that, despite the challenges and drama that arise within decentralized networks, he believes in the future prospects of Terra Luna Classic. "If you ask my wife, she will say that I’m crazy, but no. I think there’s still hope on the chain. I think there’s massive potential for this chain to be a top 10 chain again," he stated in an interview with Decrypt.

This ongoing commitment to the project is marked by several activities, including managing validator nodes and engaging in discussions across various community channels like Telegram and Discord. This level of grassroots activism showcases how decentralized automated networks foster strong ties among participants, despite the adversities they face.

However, the community is not without its internal conflicts. Some members express skepticism over the intentions of prominent figures like Vegas. The struggle to maintain unity within such a decentralized entity illustrates both the benefits and pitfalls of operating without centralized leadership. As the Terra Luna Classic community continues to navigate these waters, observers may want to pay attention to how ongoing interactions affect project governance and community sentiment.

Summary based on original reporting by Ryan Gladwin at Decrypt, originally published Jun 6, 2026. SolanaWire does not republish source content.

Read the original Source reliability: 78/100
Share:PostLinkedIn

More on this topic

Crypto Market Experiences Extreme Fear Amidst Bitcoin Decline
Markets

Crypto Market Experiences Extreme Fear Amidst Bitcoin Decline

The crypto market suffers under pressure as Bitcoin falls below $60,000, impacting both major altcoins and overall sentiment. This report from Crypto Adventure notes a market cap near $2.09 trillion and Bitcoin dominance at 58.2%.

38 minutes ago·Crypto Adventure·Reported by Gianluca Longinotti

Bitcoin Falls Below Election Day Price Amid Crypto Market Decline
Bitcoin

Bitcoin Falls Below Election Day Price Amid Crypto Market Decline

Bitcoin has dropped below its price at the 2024 Election Day, marking a decline of over 50% from its previous highs. This continued slide follows a significant peak after former President Donald Trump's reelection, during which Bitcoin reached new heights. Decrypt reports on the changing dynamics affecting Bitcoin's market performance.

38 minutes ago·Decrypt·Reported by Logan Hitchcock

Major U.S. Banks Develop Digital Currency Network to Combat Deposit Drain
Ecosystem

Major U.S. Banks Develop Digital Currency Network to Combat Deposit Drain

Major U.S. banks including JPMorgan Chase and Bank of America plan to establish a shared tokenized deposit network via The Clearing House by the first half of 2027, as reported by CoinDesk. This initiative aims to enhance competition against stablecoins, ensuring swift transactions while keeping customer funds within regulated banks.

38 minutes ago·CoinDesk·Reported by Helene Braun

James Wo Doubles Down on Bitcoin, Questions Ethereum's Future
Bitcoin

James Wo Doubles Down on Bitcoin, Questions Ethereum's Future

James Wo, CEO of crypto investment firm DFG, asserts that Bitcoin has established institutional consensus, unlike Ethereum, which he believes lacks the same recognition. Speaking at the Proof of Talk conference in Paris, Wo forecasts Bitcoin could reach around $125,000 by 2027 or 2028, while expressing skepticism about Ethereum's capacity to hit new highs, according to CoinDesk.

2 hours ago·CoinDesk·Reported by Olivier Acuna

Trending this week

2011 Bitcoin Wallet Transfers 35.55 BTC After Lawsuit Notice
Bitcoin

2011 Bitcoin Wallet Transfers 35.55 BTC After Lawsuit Notice

A Bitcoin wallet inactive since 2011 has transferred 35.55 BTC following its mention in a property law dispute. The wallet originally received coins on March 27, 2011, when Bitcoin was under $1, and is part of an unusual legal case, according to Crypto Adventure.

1 hour ago·Crypto Adventure·Reported by Iulian Lesanu

HTX Halts WLFI and USD1 Trading Due to Address Freeze Dispute
Markets

HTX Halts WLFI and USD1 Trading Due to Address Freeze Dispute

HTX suspends trading for WLFI and USD1 pairs after World Liberty Financial allegedly froze specific exchange-linked addresses without prior notice, as reported by Crypto Adventure.

2 hours ago·Crypto Adventure·Reported by Radu B

Satoshi-Era Bitcoin Moves Amid $285 Billion Lawsuit
Bitcoin

Satoshi-Era Bitcoin Moves Amid $285 Billion Lawsuit

A dormant Bitcoin address holding 35.55 BTC has moved its coins, marking a notable development in a New York lawsuit over 39,069 wallets, as reported by CoinDesk. The plaintiffs, led by the pseudonymous 'Noah Doe,' seek ownership of approximately 3.8 million BTC valued at $285 billion, alleging these coins are abandoned under lost-property laws.

3 hours ago·CoinDesk·Reported by Shaurya Malwa

Michael Saylor Outlines Four Forces Essential for Bitcoin's Success
Bitcoin

Michael Saylor Outlines Four Forces Essential for Bitcoin's Success

Michael Saylor, Executive Chairman of Strategy, argues that Bitcoin's future relies on balancing adoption and innovation with its core principles. He highlights four distinct ideological camps within the Bitcoin community that should complement rather than compete with each other, as reported by CoinDesk.

4 hours ago·CoinDesk·Reported by James Van Straten