Terra’s LUNC Task Force Members Resign Citing Safety Fears
TL;DR Members of Terra Luna's Layer-1 Joint Task Force have recently resigned due to doxxing and safety concerns. The LUNC token spiked 6.5% in the past week and the malfunctioned $USTC stablecoin rose 31.5%. The Terra community is now looking for alternative solutions that will help it move forward without compromising its members’ safety.
Doxxed L1 Joint Task Force members push for immediate resignation.
The malfunctioned $USTC stablecoin spiked 31.5% in the last seven days.
The embattled Terra Luna community has become accustomed to many trials and tribulations. However, the latest developments reveal an unexpected twist – several members are leaving Terra’s L1 Joint Task Force (L1JTF) team due to concerns for their safety.
This has been explained in the latest Medium post by L1JTF. According to the official message, “L1 Task Force has been blackmailed and has had sensitive personal information released to the public without their consent,” thus forcing two prominent members, LuncBurnArmy and Frag, to step away from L1JTF building activities.
LuncBurnArmy and Frag’s immediate resignation might slow the ongoing developmental process of Terra Classic’s revitalization. Both resigning members have confirmed the return of Q3 funding allocated to them and surplus Q2 funds. These funds will be sent back to the Terra community pool.
The LUNC community responded with messages thanking the two developers for their hard work, while others kept asking them to explain how the doxxing happened. On top of that, some Terra members see the situation as a coordinated attack against the already struggling blockchain.
What’s Next for Terra Luna Classic?
According to the comments on Twitter and YouTube, many LUNC community members advise the doxxed members to get defense lawyers and start a lawsuit. While the inner conflicts between Terra community members are nothing new, these developments came at a time when Terra Luna tokens have shown signs of life.
The original Terra Luna Classic (LUNC) recorded 6.5% weekly gains, driven mainly by Binance’s disclosure of the 3 million $LUNC stash, which hasn’t been sold nor moved post-crash. This has set a positive precedent for other Terra Luna members who have suffered financial losses due to the infamous 2022 UST depeg.
Meanwhile, the malfunctioned stablecoin Terra Classic USD (USTC) inked 31.5% in the green for the past seven days, but still traded at just $0.015, according to CoinGecko. Though the repeg talks with major platforms are now in full swing, it’s important to note that this is initiated by the USTC Quant Team, not L1 Joint Task Force.
On The Flipside
The L1 Joint Task Force is still actively building on the Layer-1 blockchain, despite the two veteran community members leaving.
The team now consists of four developers, including Vinh, Xi, Gevik, and Superman, working on the Q3 development plan.
Terra Luna chain might set a positive example for other struggling crypto communities if the network revitalization plan succeeds. However, doxxing has become an issue in crypto.
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