FTX Support for LUNA Airdrop; Suspension for LUNA & UST Markets


  • FTX has extended support to new LUNA airdrop; whereas, and suspension for LUNA and UST market.
  • Deposits and withdrawals on terra will be stopped during migration.
  • FTX won’t take responsibility for any losses incurred.

Taking to its Twitter handle, FTX posted a recent update about the ongoing updates regarding LUNA. According to the update, FTX, the Bahamian cryptocurrency exchange will support new LUNA airdrop and suspend LUNA and UST market. The tweet read:

As per the details, on May 26, 2022 at 12pm noon (UTC), LUNA and UST markets will stop followed by suspension of LUNA and UST deposits and withdrawals. During the migration, all deposits and withdrawals on terra will also be stopped. Affected tokens include ANC, LUNA, C2X and UST. Canceled orders will include LUNA/USDT, UST/USDT, LUNA/USD, UST-PERP and UST/USD.

LUNA and UST spot borrow and lending positions will be auto-closed at 1 hour TWAP index price, and their spot borrow and lending will no longer be supported. Also, UST-PERP positions will be expired to a 1 hour TWAP of the UST index.

At 3pm (UTC) on May 26, tickers of LUNA and UST will be changed to LUNC and USTC.

Talking about the new LUNA drop, users who have UST and LUNA balances on FTX during the snapshot time will be suitable to receive the new LUNA airdrop, which is subject to certain adjustments. Details about timing, amount and implementation will be announced separately.

FTX has suggested understanding the implications of the LUNA and UST migration as well as new LUNA airdrop on one’s own, as any losses caused won’t be its responsibility.