Terra fork and Luna 2.0 airdrop might not happen after all.

More bad news for Terra investors. The fork of Terra blockchain some people were betting on to salvage whatever they can to recover their huge losses might not happen at all.

Many community members were against the fork but this won't benifit them either. South Korean police have asked local cryptocurrency exchanges to freeze assets linked to LFG. This might kill Luna and UST if they aren't already dead.

Key Takeaways

South Korean authorities have asked crypto exchanges to freeze assets linked to the Luna Foundation Guard, KBS has reported.

It comes after LFG faced questions over how it had spent its Bitcoin reserves amid Terra's collapse.

Terraform Labs co-founders Do Kwon and Daniel Shin are also facing a lawsuit from a group of South Korean investors in the fallout from UST's depeg event.

Source