A whistleblower dubbed “Fatman” published an alleged chat log between the project’s co-founder DoKwon and Terra validators. The conversation discusses the chain halt.
shows the supply jumped to 18,511,882,771 LUNA with a total supply of 19,407,034,276. Moreover, the maximum supply on coingecko.com that day displayed an infinity symbol.
The “Terra Rebirth League” discussion shows that participants are well aware of LUNA being minted into infinity. One individual asks if all the validators were present during the chain halt discussion. “So we agree to halt the chain?” one individual asks. “[Are] all the validators representatives here?” the person continued. One validator said he already stopped his node and someone scolded him by saying: “This is not how its done. Please restart it.
“Can someone tldr me what the advantage of halting the chain is?” a person in the chat room asked. “Hello everyone, what are we doing here?” another individual asked.TFL co-founder Do Kwon is not very active during the conversation but is seen adding specific Terra community members to the chat room and making some comments here and there. Some individuals had shown concern for the Terra community. “I think halting makes sense,” Do Kwon says at the 11:00 a.m. section of the chat log.
. That means since April 16, 2022, LUNC’s total supply expanded 930,306% in roughly 45 days. Even after the chain was halted on May 12, the total supply of LUNC grew by 35,490%.
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