A LUNA2/USDC trading pair launched on Crypto.com today alongside news of another Terra blockchain exploit being uncovered on Mirror Protocol.
Currently LUNA 2.0 is +9% on the day against USD Coin on Crypto.com – although this new Terra news could have an impact on the LUNA 2 price.
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Luna 2.0 Price
The LUNA2 daily open on Crypto.com was $8.43 – elsewhere on Binance LUNA / USDT and LUNA / BUSD are +800% in the past 24 hours, measured from a daily open of $1.
As different crypto exchanges are adding Luna 2.0 (which some are calling LUNA, some LUNA2) at different times of the day, different percentage gains are shown.
On Bybit, the LUNA / USDT pair is +4% on the day having opened at $8.82.
Bybit were one of the first crypto platforms to support the new LUNA 2.0, and it pumped to a high of $30 on May 28th, before dumping to $3.50, then bouncing over 300% to $11.89 on May 30th alongside the Bitcoin rally back above $31,000.
Bybit also have a perpetual futures pair – LUNA2 / USDT – to add to the volatility, as do KuCoin.
The Luna 2.0 price across exchanges is currently trading at around $9.
New Terra Blockchain Exploit on Mirror Protocol
In breaking news according to TheBlockCrypto DeFi application Mirror Protocol fell victim to a $90 million exploit in October 2021 on the Terra blockchain – now Terra Classic.
The hacking was noticed by a Terra community member last week – accidentally – and confirmed by BlockSec, experts in blockchain ecosystem security and dApps.
An unknown hacker was able to withdraw $90 million, and Mirror Protocol developer patched the security failure quietly at approximately the time the TerraUSD (UST) stablecoin began to lose its peg and collapse.
Did they know something? Could they have acted or warned UST and old LUNA investors in time? This is still a developing story and Mirror Protocol nor Terraform Labs responded to The Block’s initial request for comment.
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