Binance has not completed its monthly Luna Classic (LUNC) token burn at the start of November, marking the first time the exchange has missed the contribution since it began the program in March 2023.

Community members suspect the delay may be connected to Binance’s record $6.3 billion hack, which the FBI has attributed to TraderTraitor, a North Korean hacking group. One prominent Luna Classic community member said Binance is moving LUNC to a more secure wallet before resuming the burn, although the exchange has not confirmed that account.

Binance has burned a portion of its LUNC trading fees on the first day of nearly every month since 2023, following the collapse of Do Kwon’s Terra Luna ecosystem. According to StatsBin data, the November burn had not arrived as of Tuesday. The burn history is tracked at

Luna Classic is the original native token of the Terra blockchain. Terraform Labs founder Do Kwon forked the network and left it behind in 2022 in an attempt to rescue his collapsing project. Kwon was later convicted of fraud and sentenced to 15 years in prison for his role in Terra’s $40 billion implosion.

The decentralized network has continued operating, supported by a community that has invested time, effort and money in maintaining it.

Binance began its burn program after the Terra Classic community voted in late 2022 to destroy a portion of every on-chain LUNC transaction. The exchange pledged to burn half of the trading fees it earned from LUNC. In practice, Binance has carried out the burns in batches at the beginning of each month since March 2023. Because burned tokens are permanently removed from circulation, the monthly deliveries acted as a steady supply-reduction mechanism layered on top of the community’s on-chain burn. A streak that had held for more than three years also made the program a visible sign of Binance’s continued backing for the campaign.

The exchange previously paused its LUNC burns at the end of 2022, after the Terra Classic community voted to re-mint burned tokens to create a development fund. Binance reduced its contribution to 50% of trading fees and resumed the burns in March 2023 after the community abandoned the re-mint plan. Unlike the 2022 pause, which followed a formal community vote, this month’s gap has not been publicly explained by Binance.

Some Luna Classic investors are concerned about the missing November contribution, while others have linked the delay to last week’s hack. Dawid Skinder, a brand and user experience ecosystem contributor for Terra Classic, described the burn as an important element of the community’s campaign.

“It is an important sign of support and a vital part of the overall burn campaign,” Skinder told Decrypt. “It might be that it is just an operational issue after the biggest hack ever. Hopefully that is the case, Terra Classic does not need another problem.”

Binance was hacked for $6.3 billion on Friday. The FBI attributed the attack to TraderTraitor, the North Korean group also blamed for the Bybit hack. The incident has been described as the largest cryptocurrency hack in history, with estimated losses four times higher than the previous record of $1.5 billion from the Bybit heist.

Binance has been reopening platform withdrawals in stages. The latest reopening occurred late Monday and covered dozens of Ethereum and Solana tokens. Some investors have questioned whether the LUNC burn is a priority while the exchange responds to the attack.

“Burn $LUNC and quit fucking around” — Tango and Cash (@ThisDud30190229) November 2, 2026

The post is available on X: https://x.com/ThisDud30190229/status/2117102937306726747?ref_src=twsrc%5Etfw

“Yes, the hack was a problem,” Pedro, a prominent Luna Classic community member better known as Vegas, told Decrypt. “At the moment, we are helping them to keep LUNC and LUNA safe.”

Vegas has long claimed to be in direct contact with Binance about LUNC-related issues, although that relationship has not been independently verified. He said Binance is conducting security maintenance after the hack and moving LUNC to a more secure wallet before proceeding with the burn.

Binance did not respond to Decrypt’s request for comment. The immediate question for LUNC holders is whether the exchange completes the wallet migration and resumes the burn, with the next expected batch at the start of December if the monthly routine resumes.

Luna Classic has fallen 7.9% over the past week to $0.0000417, according to Decrypt data, and remains down 99.99% from its all-time high of $119.18. Investors view the missing Binance burn as one of several challenges facing the token.

Skinder said Luna Classic needs more products, better marketing, a proper audit and protection against quantum attacks. He said he believes the network could be revived but argued that decentralized governance and “amateur validators” make that difficult.

“There are X number of chains in a better state than Terra Classic. None of them (except Bitcoin, probably) have that history and narrative (biggest crypto revival ever). None of them have 20+ stablecoins that are waiting to be re-pegged and restored,” Skinder told Decrypt. “Low chance of success, big upside if done. Great history to be part of.”