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 <p class="is-style-lead">Crypto.com confirmed the delisting of the Terra Classic token from its trading platform following Terra Labs’ bankruptcy filing.</p>
 <p>The announcement of the de<a rel="noopener noreferrer nofollow" title="listing" href="https://thebittimes.com/tag/listing.html">listing</a> of Terra Classic (LUNC) by the major exchange was <a rel="noopener noreferrer nofollow" title="follow" href="https://thebittimes.com/tag/follow.html">follow</a>ed by a significant 12.4% drop in LUNC over the last 24 hours by press time. The de<a rel="noopener noreferrer nofollow" title="listing" href="https://thebittimes.com/tag/listing.html">listing</a> news reached investors through emails with the de<a rel="noopener noreferrer nofollow" title="listing" href="https://thebittimes.com/tag/listing.html">listing</a> scheduled for Feb. 15. The lack of any previous official communication initially raised doubts about the authenticity of the information, with concerns about potential email spoofing.</p>
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   <img decoding="async" width="557" height="1024" src="https://cdn.thebittimes.com/images/2024/01/23/6ed5fea5a72f59766214dc43caa187d5.webp" alt="Terra Classic delisting confirmed by Crypto.com following bankruptcy filings - 1"> 
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   Email sent by Crypto.com to its customers
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  <svg class="cn-block-related-link__icon icon" aria-hidden="true"><use xlink:href="#"></use>
  </svg> <span class="cn-block-related-link__prefix"> You might also like: </span> <a rel="noopener noreferrer nofollow" title="
Crypto.com " href="https://thebittimes.com/tag/crypto-com.html"> Crypto.com </a>delists Terra LUNA, token plunges nearly 10%
 </div>
 <p>Fears of the rumor were soon <a rel="noopener noreferrer nofollow" title="confirmed" href="https://thebittimes.com/tag/confirmed.html">confirmed</a> true as Crypto.com acknowledged the de<a rel="noopener noreferrer nofollow" title="listing" href="https://thebittimes.com/tag/listing.html">listing</a> without issuing an official statement through their website or social media platforms. The situation was exacerbated mere hours after Terraform Labs, the organization behind Terra Classic, filed for Chapter 11 <a rel="noopener noreferrer nofollow" title="bankruptcy" href="https://thebittimes.com/tag/bankruptcy.html">bankruptcy</a> protection in the United States.</p>
 <p>Terraform Labs filed for bankruptcy on Sunday, listing assets and liabilities in the $100 to $500 million range. The company intends to meet all financial obligations to employees and vendors during the bankruptcy proceedings without any further financing while continuing to expand its offerings.</p>
 <p>The news comes after Terra Classic has seen its price rally significantly at the end of November. At the time, Luna Classic recorded a 42% hike in just 24 hours as its market cap reached $661 million and a daily trading volume of $513 million. As of press time, Terra Classic’s market cap stands at $567 million — over 10.5% lower — and its 24-hour trading volume stands at $57 million, nearly 89% lower.</p>
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  <svg class="cn-block-related-link__icon icon" aria-hidden="true"><use xlink:href="#"></use>
  </svg> <span class="cn-block-related-link__prefix"> Read more: </span> Terraform Labs and SEC agree on confidentiality terms as trial approaches
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/terra-classic-delisting-confirmed-by-crypto-com-following-bankruptcy-filings-tbt77334.html">https://thebittimes.com/terra-classic-delisting-confirmed-by-crypto-com-following-bankruptcy-filings-tbt77334.html</a></p>

Terra Classic delisting confirmed by Crypto.com following bankruptcy filings

TheBitTimes

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