**Crypto.Com confirms Terra Luna Classic (LUNC) delisting**

**Summary:**

In a significant development, Crypto.com has confirmed the delisting of Terra Luna Classic (LUNC) leading to a 13% drop in its price. Investors received emails regarding the delisting, causing concerns about the authenticity of the information. The abrupt announcement has fueled uncertainty within the LUNC community, amidst fears of potential phishing scams. The delisting coincided with Terraform Labs filing for Chapter 11 bankruptcy protection, further adding to apprehensions about LUNC’s future.

**Terra Luna Classic community in turmoil**

The recent delisting of LUNC by Crypto.com has sent ripples of concern through the LUNC community, especially as it follows the Chapter 11 bankruptcy protection filing by Terraform Labs. The absence of official announcements on Crypto.com’s website and social media has amplified worries about the legitimacy of the news and has left numerous questions unanswered. Additionally, the broader market selloff has intensified the challenges for Terra Luna Classic, prompting apprehensions regarding the project’s trajectory in a dynamic environment.

**FAQ:**

1. **What is the impact of Crypto.com’s confirmation of LUNC delisting?**
– The announcement led to a 13% price drop in LUNC, sparking uncertainty and concerns within the community.

2. **How did investors receive information about the delisting?**
– Investors received emails about the delisting on February 15, prompting anxieties about the legitimacy of the news and potential phishing scams.

3. **What additional event compounded worries for LUNC?**
– Terraform Labs filing for Chapter 11 bankruptcy protection has further heightened concerns about the future of LUNC.

4. **What is the stance of Crypto.com regarding the delisting confirmation?**
– Crypto.com has acknowledged the validity of the delisting but has provided limited details, leaving investors in the dark about the extent of the impact and the affected jurisdictions.

5. **What are the challenges faced by Terra Luna Classic in the current market environment?**
– The broader selloff in the market has raised questions about the project’s future amid a challenging and evolving landscape.

6. **Is there an official statement from Terraform Labs regarding the delisting and bankruptcy filing?**
– Despite the bankruptcy protection filing, Terraform Labs has expressed its commitment to continue pursuing its objectives while navigating legal obstacles.

This article is based on “Crypto.Com confirms Terra Luna Classic (LUNC) delisting” by Coin Journal.