Dos Commas ,, ♦️♦️♦️

If $wLUNA was simply $LUNC the silence wouldn't exist. If $wLUNA was simply $LUNC it would be trading on CEXs. If $wLUNA was simply $LUNC the wallets wouldn't be valued at $LUNA price.

@BIG_TTT @coinbase @brian_armstrong Agreed, but it still has its purpose.

@dos__commas @coinbase @brian_armstrong This are all the questions they should be addressing in court. I feel like it’s being mishandled.

@coinbase / @brian_armstrong How did hundreds of billions of newly minted wLUNA enter the exchange during a chain halt? How does someone move assets worth hundreds of millions to exchange without being flagged? Why did your ETH move these wLUNA to hot wallets? $wLUNA = $LUNA

@dos__commas Yeah buddy what up DOS!!!!!!

On chain facts. Hundreds of billions of Wrapped LUNA were minted during the Terra chain halt. This was technically impossible and they were likely unbacked. They minted directly to CB deposit wallets. Then CB ETH facilitated transfer to hot wallets. AML/BSA? $wLUNA = $LUNA

One of the biggest $wLUNA mysteries has been what happened with our tax records / transaction history. How does it get changed within 24h after we noticed and posted about it without a single word from Coinbase explaining what that was? Hope we find out soon.

Wonderful day to stroll down memory lane. $wLUNA

Wonderful day to stroll down memory lane. $wLUNA

An other thing @brian_armstrong, I find it fascinating how you eagerly reply to glowing Coinbase puff pieces or other customers positive posts, yet you've ghosted thousands of posts from wLUNA customers asking and pleading for direction, answers, and clarification about the WLuna suspension and the dubious actions by @coinbase . Selective engagement or just plain negligence? Pathetic. #CoinbaseFail #wLUNA

$wluna

$wLUNA - the forbidden fruit of all things #crypto. This specific account had millions of pre-suspension Wrapped Luna in it. Unable to withdraw it when CBEX 'suspended' the token on their platform. Coinbase seems to be able to just delete figures from your tax records like they never existed and seem to think they are above all scrutiny. Judge Rakoff - if you have a social media account, I really hope you read all these nuggets of information sir. Any other bank in the world would be criminally investigated and prosecuted. Where are these 'funds' now? $1.8 Billion wiped from client's historical records.

@Gethin_Williams Rule 13* 🙃

@Gethin_Williams One additional point about the potential new lawsuits. Under SDNY Rule 3 these new lawsuits will also go to Judge Rakoff as they are related to the current one.

Heabeart v Coinbase $wLUNA misshandling etc. If the case is directed by Judge Rakoff to discovery, what could this mean to other holders not party to the claim. CHAPGPT: These outcomes would depend on the content of any released materials and aren't assured, as the case was transferred to the Southern District of New York in November 2025 and remains ongoing as of early 2026, with no public discovery releases reported yet. Holders should consult legal or tax professionals for personalized advice, as this isn't legal guidance. If the Heabeart et al. v. Coinbase, Inc. et al. lawsuit (a multi-plaintiff civil action filed in May 2025 alleging securities fraud, breach of contract, and related claims over Coinbase's handling of WLUNA after the 2022 Terra Luna collapse) proceeds to the discovery phase and results in private emails or messages being publicly released, either through court filings, leaks, or unsealed documents, non-plaintiff WLUNA holders could potentially benefit in several indirect ways. Note that discovery materials are typically confidential and shared only between parties unless filed publicly or ordered disclosed, so public release isn't guaranteed and would depend on judicial decisions, motions (e.g., summary judgment), or settlements. Based on similar crypto litigation patterns, here's what other holders might gain: Basis for Individual or New Lawsuits: Released communications could reveal internal Coinbase discussions about WLUNA's peg to LUNA, trading suspensions, asset conversions (or lack thereof), or ties to Terraform Labs. This evidence might support claims of misrepresentation, fraud, or negligence for other holders who lost value during the collapse. For instance, if emails show Coinbase knowingly delayed conversions to benefit itself, affected users could file their own suits in federal or state courts, potentially recovering damages without joining the original case. Precedents like the SEC v. Terraform Labs ruling (where LUNA and WLUNA were deemed securities) could strengthen such claims. Support for Regulatory Complaints or Interventions: Public disclosures might prompt investigations by bodies like the SEC, CFTC, or FTC, leading to broader enforcement actions against Coinbase or related entities. If fraud is substantiated, this could result in fines, disgorgement, or victim compensation funds distributed beyond the Heabeart plaintiffs, similar to how the FTX bankruptcy led to creditor recoveries or the Ripple case influenced XRP holders via settlements. Tax Loss Documentation: Emails or messages confirming Coinbase's mishandling (e.g., inaccurate records showing impossible WLUNA acquisitions, as alleged in the complaint) could help holders substantiate capital losses for IRS filings. This might enable amended returns for 2022-2025 tax years, claiming theft or worthless security deductions under IRC Section 165, potentially reducing tax liabilities or triggering refunds. Leverage in Arbitration or Settlements with Coinbase: Many Coinbase users are bound by arbitration clauses in user agreements. Publicly released evidence of systemic issues could pressure Coinbase into voluntary resolutions, such as account credits, fee waivers, or mass settlements for non-litigants, to avoid reputational damage or further suits. Inspiration for Class Action Filings: While the Heabeart case isn't certified as a class action (it's a joinder of 19 named plaintiffs under FRCP Rule 20), incriminating disclosures could fuel a separate class action on behalf of all WLUNA holders, allowing opt-in for broader recovery. This has occurred in other crypto cases, like those against Binance or Celsius, where initial suits uncovered details leading to class-wide relief. Coinbase should be ashamed of themselves - their complete silence and suspension of trading leans towards their guilt.

What's your crypto prediction for 2026?

@DabblerLtd I'll save you the 2 mins it takes.

Tell me what the contract expects the wallets to be value at. Wrapped assets aren't wrapped to what a custodial wallet holds, they are intended to represent a specific asset. In this case they are intended to represent native Terra LUNA. When native Terra LUNA changed what it is, wLUNA changed what it represents. As far as wasting energy, it's in front of Judge Rakoff now, so we'll see. See for yourself. etherscan.github.io/ethvalidate/to…

The Wrapped LUNA supply problem is actually a naked short problem. The "Airline Ticket" Analogy (Why Supply Doesn't Matter) ✈️ Imagine an airline sells 500 tickets for a plane that only has 100 seats. The Problem: When 500 people show up, the airline literally cannot fly them all. It is physically impossible. ​Is it the passenger's problem? No. ​The Solution: The airline must pay Cash Compensation (Damages) to the 400 people who didn't get a seat. They cannot say, "Sorry, physics says you can't fly, so your ticket is now worth zero." Coinbase is the airline. They sold/held "tickets" (WLUNA) that tracked an asset. When the asset changed, there weren't enough seats (LUNA 2.0) for the tickets they issued. The fact that it was impossible to back wLUNA with LUNA 2.0 due to supply mismatch was not the holders fault. They had valid contracts. As wLUNA was ruled a security, Coinbase had a responsibility to process this mandatory corporate action. What they did instead was let their customers get stuck at the airport with no flight and no credit. Shame shame. $wLUNA = $LUNA

Since it didn't appear in latest wluna search results, again. $wLUNA = $LUNA

CBEx at their shinnanigans yet again. Go to: Account & Settings. Statements: Download May 22: $wLUNA value has been wiped from the historical statements. lol - Shows my balance of wLUNA held, but no token value or market price on my friggin statements. Wiped. Zero. Zilch. Nada 🥳

The hour approaches, govern yourselves accordingly. $wLUNA

@coinbase Formal request to restore wLuna historical values on customer tax reports. Support confirmed “the underlying data is not missing,” yet wLuna valuations were removed from statements. Tagging @IRSnewsCI @the_CRA for visibility — please correct the records or explain.