Link Collection of legal actions regarding UST and LUNA holders


There are several legal actions ongoing regarding UST and LUNA holders.

Some focuses on exchanges, some other focuses on TFL, Do Kwon, LFG, Jump Trading, other VCs

In many cases everyone in the world can join, in some cases it is for us cases first and it gets rollout international.
Most of the class action is free for the victims (contigency based). In case of Fatman and Kyle Roche laywers, Roche gets 33% if they win and pay laywer fees themself if they loose. Also laywers taking such a case if they are confident to win.

3 Laywers i know of currently:

- Kyle Roche, currently sueing us exchanges (currently us customers can join, other countries will follow). Free (contigency based,)

- Scott and Scott sueing TFL, Do Kwon, Jump (currently us customers can join, other countries will follow) (Free i think)

- Drewnapier: Singaporean laywer, mainly for Singaporen, but other countries can join as well (I joined from Thailand). Fee for the injunction is about 15000 to 25000 SGD shared between all claimants on a pro ratio basis, means someone who has 50000 UST claim should be paying about 736 SGD (530 USD). The fee will go lower the more people joining. Currently 1,7 million USD in claims have singed already up there.


Legal links:

Discord link to Fatman regading legal actions against LFG, TFL and Do Kwon and exchanges (Roche/Scott and Scott)
https://discord.gg/k3DPgn9ds6

Some legal background information:
https://classic-agora.terra.money/t/next-steps-for-luna-ust-holders-a-detailed-analysis/22084

Fatmans twitter account:
https://twitter.com/FatManTerra

Website Drewnapier (singaporean lawsuit): Mr. Mahesh-Rai
https://www.drewnapier.com/Our-Lawyers/Mahesh-Rai
You can contact The laywer directly. Indicate legal name, UST amounts, date of purchase
Who is eligible? (UST holders, UST holders pre-depeg, but sold at a loss etc) Anybody who bought and hold UST before May 13, no matter if they sold or not after that date


Discord link regarding singaporean lawsuit Drewnapier organizing things
https://discord.gg/Ef9YYphAPD

If anyone has other information about other lawsuits, please post. Thank you

Some link if someone interested.

For UST and LUNA holders the best chance might be legal. The chances for UST holders are probably much higher than for LUNA because UST was a stablecoin.
Joining legal action in case of Fatman is free for the victims. 




Legal:
Discord link to Fatman regading legal actions against LFG, TFL and Do Kwon and exchanges
https://discord.gg/k3DPgn9ds6

Some legal background information:
https://classic-agora.terra.money/t/next-steps-for-luna-ust-holders-a-detailed-analysis/22084

Fatmans twitter account:
https://twitter.com/FatManTerra


Besides the possible to get money back from legal, there is still a small change to get a tiny portion back from LFG. They are however very quiet and the LFG reserve is very small.

Status of UST refund from TFL/LFG:

The refund from LFG for UST holders seems to be less likely. LFG posted on 15.05.2022 the last time.
Do Kwon posted on 21.05.2022 the last time about the refund (collecting exchange data, refund would be in USDT and USDC)

There are newer post from Fleece Cannon, some TFL person from 12.05.2022
https://twitter.com/fleece_cannon/status/1535732353942687745

Having two competing chains LUNA classic and LUNA v2 makes it even more difficult.
Besides the fact that Do Kwon is a criminal and no one trusts him. He sold the BTC reserve OTC instead of defending the peg. He even sold more than 800 million UST to buy LUNA.

UST is not even considered to be part of the new LUNA V2 anymore. We can not count on Do Kwon or the terra team.

For new buyers they definitely should stay away.


For pre depeg holders: I personally hold on to UST. Not because i think it repegs. More for legal reason because i simply just not know if selling is the right move.
There are tons of class actions going on. They are free for the victims, but laywers get a big percentage if they win. If the laywers loose, they have to pay the cost by themself.
Joining legal action does not cost anything for those contigency based. We can only win by it.


Check out Fatmans Discord server for legal companies joining. They have 3 big companies, one called Roche in the US. Others will be revealed later i think.

Fatmans Discord Server for UST victims:
https://discord.gg/k3DPgn9ds6

No. I not believe anything those scammers say or do. It is just playing with their users to gain more or mostly just to disctract them from their criminality. Also it seems Do Kwon has fun to rally Luna holders against UST holders. The proposal is shit. It even favours UST holders who bought for 10 cents after the attack than those who did hold over month or years and bougt for 1 USD... . Pure Scam.

Someone made an analysis and claims that the bitcoin reserve is sitting on that address: 3M219KR5vEneNb47ewrPfWyb5jQ2DjxRP6

https://www.blockchain.com/btc/address/3M219KR5vEneNb47ewrPfWyb5jQ2DjxRP6

There are indeed over 90k BTC there.
When i look at the richest adresses it says Binance cold wallet.


https://www.reddit.com/r/terraluna/comments/us4v5m/the_rabbithole_that_lead_to_do_kwons_missing/


Have no idea if the analysis is true however. Take it with a grain of salt.

Regarding the analysis of:

https://www.reddit.com/r/terraluna/comments/us4v5m/the_rabbithole_that_lead_to_do_kwons_missing/
https://imgur.com/a/la0FxUJ

90913 BTC sitting at the adress below....

3M219KR5vEneNb47ewrPfWyb5jQ2DjxRP6

https://www.blockchain.com/btc/address/3M219KR5vEneNb47ewrPfWyb5jQ2DjxRP6

Just sharing.

From Fatman Twitter:

As of right now there are three separate things going on for UST holders:

1. A small refund from LFG
2. A token airdrop for the new LUNA (weighted in favour of new UST buyers at a 2:1 ratio)
3. Potential legal action seeking full restitution, more info on this coming (1/2)

All of these plans are mostly unrelated and are happening at once. Getting the LFG refund may not stop you from being a part of the legal action. Getting LUNA tokens does not reverse the LFG refund. I know it's a little hard to follow, so thanks for bearing with me. (2/2)

I wrote about it. The 80 million is just what they are claiming is left. We do not know how much is really sitting on exchanges or in their pockets. There are also numbers from fatman of hundreds of millions syphoned out every month.
I do not believe any word they are saying. They kept quiet over days and were playing games.
With that magnitude there will be investigations what happened with the BTC reserve and if it was legal to use it that way, leaving 99 percent of holders with 2 percent of funds. With bullshit messages to cling on it.

The highest chance to get some funds back is legal action i guess. I am a small users. I will wait what happens. Do Kwon is a narccicist. He is just playing games with its users. Check you Fatmans Discord by the way

All looks so scammy and shady.

Some money might come even from big players as a donaton to reduce reputational damage or avoid lengthy lawsuit. Just hope i guess, but nothing more to loose.

New users should definitely stay away from it.

However people who had their coins before the depeg, that is a different story.
If they sell now they might not be able to claim a compensation. Binance CZ, Vitalik Buterin and Justin tron favouring that proposal. If those funds needed are seized by authorities to compensate users or maybe some donations puring in, they could be made partially whole. I can not see the future however. We will see.

Above is not an investment advice.

Basically people like me are waiting to be hopefully compensated (I have no idea if that ever happens)

If that proposal from Fatman gets implemented which even binance cz, vitalik and justin sun have recommened, than we could at least be partially be made whole.

To make it simple for that we would need to hold UST at a certain snapshot date before the depeg and still holding the UST to not double gain from selling. Also it is tier based favouring smaller wallets. Then we convert them to USDC. Also big whales would be getting a much smaller percentage than smaller guys, in order to make the people whole. Check Binance CZ twitter for that.
For people on anchor it is more easier, for people who hold on exchanges, the exchanges must provide the data of their users.

Anyway, to compensate users there most be funds available. I highly any of those will come from LFG, TFL or Do Kwon voluntarily. They are having only "80" million of the reserve left...

I consider Do Kwon, LFG and TFL as scam and highly assume that the majority of the BTC are still in their hands. If those could be retrieved and any additional donations from the crypto whales (justin sun donated 10 million)
there could be a chance.

That is why i am still holding. If it goes to 0 not much to loose anymore, but if i sell now i might not be egible for a compensation which might be a higher percentage. I wait even if it takes some months or years.

If some hero or legendary members are reading that, it would be nice if you could share my post or spread the information by yourself.

Thanks

With just 80 million out of 3,9 billion from the reserve, UST can not be made whole. That is just 2 percent of the reserve for 99 percent of its users.

TFL, LFG and Do Kwon are lieing at every turn. They are scammers.  I highly believe they are still having the majority of the btc reserve or have sold it to themself. Selling 98 percent of the reserve to a handful of whales does not seem to be right/legal.

The best shot is to take legal actions against them to retrieve the bitcoin reserve or other funds they have syphoned over time. With that money the majority of UST holders could made whole.

Then Fatmans proposal on terra money would be the best shot. Basically everyone would get UST maginal tier based back in form of USDC, favoring smaller wallets. Example: The fist 5000 UST would get 90 percent back, the next 15000 UST would get 80 percent back, the next 25000 UST would get 70 back etc.
So some who holds 40000 UST would get back: 5000*0,9 + 15000*0,8*20000*0,7=30500 USDC.
Above is just an example not real numbers.

Exchanges would need to provide relevant data of how many users did hold how many coins at the prepeg date. Then users could exchange their UST to USDC. For users who had panic sold they would need to buy back the UST in order not to gain twice (compensation+selling)

What about luna holders: UST holders would in this proposal priotized, because UST was supposed a stablecoin and not a volatile assets. Luna is also a governance token from the legal perspective. However even UST holders are priotized, LUNA holders should be included and made also somehow partially whole. We should avoid that Do Kwon pits UST and Luna holders against each other. LUNA and UST holders have to unite against LFG, TFL and Do Kwon .


Another smaller shot is the possibility that big players will donate something. Binance CZ, Justin Tron and Vitalik Buterin have already twittered about Fatmans proposal to be the best way. The whole crypto reputation is at stake and if millions affected users are spreading the word, crypto will go down in the longterm, decreasing revenue or wealth for the big players or exchanges. It would be in their interest to help and also avoid lengthy and costly lawsuits.

Some links below:

Fatmans Proposal tier based USDC compensation for UST holders: ([Proposal] Tiered repayment: 1:1 USDC refund to all UST holders up to a certain cap per-wallet using LFG funds, favouring small wallets)
https://agora.terra.money/t/proposal-tiered-repayment-1-1-usdc-refund-to-all-ust-holders-up-to-a-certain-cap-per-wallet-using-lfg-funds-favouring-small-wallets/6471

Binance CEO CZ tweet about Fatmans proposal:
https://twitter.com/cz_binance/status/1526129841376043008

Justin Sun tweet regarding Fatmans proposal:
https://twitter.com/justinsuntron/status/1526149180909289472

Vitalik Buterin tweet regarding Fatmans proposal:
https://twitter.com/VitalikButerin/status/1525561624974700545

Other links:
Discord link to Fatman regading legal actions against LFG, TFL and Do Kwon
https://discord.gg/k3DPgn9ds6

Some legal background information:
https://agora.terra.money/t/next-steps-for-luna-ust-holders-a-detailed-analysis/22084

Fatmans twitter account:
https://twitter.com/FatManTerra

Please be always aware of scammer or impersonators. Fatman or other will never dm you first. All links i provided, you can recheck in the "Fatmans Proposal tier based USDC compensation for UST holders" link

With just 80 million out of 3,9 billion from the reserve, UST can not be made whole. That is just 2 percent of the reserve for 99 percent of its users.

TFL, LFG and Do Kwon are lieing at every turn. They are scammers.  I highly believe they are still having the majority of the btc reserve or have sold it to themself. Selling 98 percent of the reserve to a handful of whales does not seem to be right/legal.

The best shot is to take legal actions against them to retrieve the bitcoin reserve or other funds they have syphoned over time. With that money the majority of UST holders could made whole.

Then Fatmans proposal on terra money would be the best shot. Basically everyone would get UST maginal tier based back in form of USDC, favoring smaller wallets. Example: The fist 5000 UST would get 90 percent back, the next 15000 UST would get 80 percent back, the next 25000 UST would get 70 back etc.
So some who holds 40000 UST would get back: 5000*0,9 + 15000*0,8*20000*0,7=30500 USDC.
Above is just an example not real numbers.

Exchanges would need to provide relevant data of how many users did hold how many coins at the prepeg date. Then users could exchange their UST to USDC. For users who had panic sold they would need to buy back the UST in order not to gain twice (compensation+selling)

What about luna holders: UST holders would in this proposal priotized, because UST was supposed a stablecoin and not a volatile assets. Luna is also a governance token from the legal perspective. However even UST holders are priotized, LUNA holders should be included and made also somehow partially whole. We should avoid that Do Kwon pits UST and Luna holders against each other. LUNA and UST holders have to unite against LFG, TFL and Do Kwon .


Another smaller shot is the possible that big players will donate something. Binance CZ, Justin Tron and Vitalik Buterin have already twittered about Fatmans proposal to be the best way. The whole crypto reputation is at stake and if millions affected users are spreading the word, crypto will go down in the longterm, decreasing revenue or wealth for the big players or exchanges. It would be in their interest to help and also avoid lengthy and costly lawsuits.

Some links below:

Fatmans Proposal tier based USDC compensation for UST holders: ([Proposal] Tiered repayment: 1:1 USDC refund to all UST holders up to a certain cap per-wallet using LFG funds, favouring small wallets)
https://agora.terra.money/t/proposal-tiered-repayment-1-1-usdc-refund-to-all-ust-holders-up-to-a-certain-cap-per-wallet-using-lfg-funds-favouring-small-wallets/6471

Binance CEO CZ tweet about Fatmans proposal:
https://twitter.com/cz_binance/status/1526129841376043008

Justin Sun tweet regarding Fatmans proposal:
https://twitter.com/justinsuntron/status/1526149180909289472

Vitalik Buterin tweet regarding Fatmans proposal:
https://twitter.com/VitalikButerin/status/1525561624974700545

Other links:
Discord link to Fatman regading legal actions against LFG, TFL and Do Kwon
https://discord.gg/k3DPgn9ds6

Some legal background information:
https://agora.terra.money/t/next-steps-for-luna-ust-holders-a-detailed-analysis/22084

Fatmans twitter account:
https://twitter.com/FatManTerra

Please be always aware of scammer or impersonators. Fatman or other will never dm you first. All links i provided, you can recheck in the "Fatmans Proposal tier based USDC compensation for UST holders" link

@cygan edited my post.

By the way, can you give more info how a bitcointalk signature campaign works in general.

Someone of the team was interested :-)

Bitfineon is live!!


Congrats to the team and all the community members helping on the way.



Check it out here: https://exchange.bitfineon.com/?ref=872184[/b][/size][/size]

Bought ALQO since dezember 2017.

It had some problems in the past, but after departing from the former dev it made a nice u-turn.

VC Funding, steady progress on bitfineon, open communication, an ambitious CEO, good community managers and of course a nice community is what defines ALQO now.

Check out the announcement channels on Discord for news. There are also regular developer updates posted for bitfineon.

Such scammers.

I am fully KYC verified at max. Level 2, but still all withdrawl (and other buttons) are deactivated (buttons do not appear). Trading is deactivated as well for my account.


I wrote on facebook and the comment got deleted. I complained on Discord. It seems i got either banned from their Discord or they did delete their Discord Channel completely.

Support does not answer to any tickets.

In case someone missed it.

Announcement on the Discord/Telegram channel from 11.07.2019:


Attention ALQO Community:

After some internal discussion, we have decided at this time to deprecate Liberio from use as we begin the initial steps towards launching the new chain & wallet. The new chain is fundamentally different than the existing codebase and will not make use of Liberio. Additionally, we plan to release the Liberio source code within the very near future, as promised.

To associate your balance(s) within Liberio-generated wallet addresses to your QT wallet, follow the steps below:

1) Login to your Liberio.app account.
2) In Dashboard Overview you will see your wallet addresses. [image: https://imgur.com/eF1Az8t]
3) Under "Private Key", click "Click To Unveil" [image: https://imgur.com/Pd3bpOj]
4) Copy your private key(s) [image: https://imgur.com/Pd3bpOj]
5) Open your QT wallet.
6) Go to "Tools" in your QT wallet options. [image: https://imgur.com/xJZ5BqU]
7) Paste your copied private key as follows, "importprivkey [yourkey]" [image: https://imgur.com/odh3ptm]
Press Enter.
9) You're done! Your Liberio wallet balance should now show in your QT wallet.

Please post any support questions you may have in #liberio-support

How is it possible, that one legendary bitcointalk member olcaytu2005 opens a dozen of different ICO threads?

Thanks Weicrowd for scamming us. Running away with the funds was not enough. You had to toy and stall your investors over 5 months for a refund, which never happend.