News about TERRA

News about Terra

On-chain data shows Terra backer ‘Hashed’ lost $3.5 billion from the $LUNA crash

submitted by /u/thuynguyen174 [link] [comments]

Terraform Labs, Luna Foundation Guard Bought 3.06m AVAX in total: Avalanche Foundation

The Avalanche Foundation announced via Twitter on Friday that Terraform Labs and the Luna Foundation Guard (LFG) have purchased 3.06 million AVAX in total. The announcement came following an inquiry from members of the Avalanche Community about the...

Terra fallout: Stablegains lawsuit, Hashed loses billions, Finder wrong and more...

Fallout from the collapse of the Terra ecosystem continues to unfold with the United States-based yield generation application Stablegains facing potential legal action over its losses from the event.Users believe that Stablegain has allegedly lost u...

Tether CTO: Terra wasn’t a rug pull, it was a poorly designed ‘castle of cards’

Tether (USDT) and Bitfinex chief technology officer Paolo Ardoino said that the Terra (LUNA) project was not intended to be a rug pull, but was simply “poorly designed.” Speaking on the Terra ecosystem’s market-shattering crash, Ardoino likened its a...

Prosecutors looking into whether to bring Ponzi fraud charges against Terraform CEO Kwon

submitted by /u/Saltedline [link] [comments]

1 wallet address on the terra chain has accumulated 1.8T luna, and 600mUST, is what it looks like. Roughly 26% of the total supply of luna which so happens to be a Binance wallet. Adds to the BTC theory

submitted by /u/KFded [link] [comments]

Do Kwon Dissolved Terraform Labs Korea Days Before Collapse of Terra LUNA, UST

Official records show Do Kwon dissolved Terraform Labs Korea, closing down its headquarters and sole branch just days before the collapse of terra crypto (LUNA) and stablecoin terrausd (UST). Do Kwon Shut Down Terraform Labs Korea Before UST and LUNA...

Here’s why Terra’s snowball effect could send Avalanche (AVAX) price to $15

Avalanche (AVAX) has emerged as one of the worst-performing cryptocurrencies among the top-ranking tokens in the last 24 hours, partially due to fears connected to Terra (LUNA) and it's a near-dead UST algorithmic stablecoin project.Avalanche price d...

Should the BNB Chain be the destination port for Terra developers?

With Terra practically back to scratch and finding its way out of the recent turbulence it got into with the depegging of its UST stablecoin, developers on the terra blockchain would sooner or later have to migrate to more stable networks to continue...

What will happen to TERRA (LUNA) after the fork?

The Terra community is currently voting on the ‘Terra Proposal 1623’. This proposal means that the blockchain will be split into two different blockchains, namely to Terra Classic, with LUNA Classic tokens, and the new Terra Blockchain, with LUNA tok...

Terra Collapse Continues to Plague Defi — Value Locked in Cross-Chain Bridges Down 20% This Month

Following the aftermath of the Terra blockchain fiasco, decentralized finance (defi) continues to feel the impact of the project’s fallout. During the last four days the total value locked (TVL) in defi has dropped 2.61% in value, and cross-ch...

BNB Chain offers another lifeline to Terra ecosystem projects

Binance will welcome migration and offer support to Terra ecosystem (LUNA) projects following the breakup this month of the decentralized finance platform (DeFi) and its algorithmic stablecoin. It was a matter of hours before it became clear that aft...

Terra Loses More Form: Do Kwon Faces Tax Evasion Charges; Law Firm Sues To Seize Properties

The multibillion-dollar collapse of Terra Labs’ stablecoin and the LUNA token is still ringing across the cryptocurrency industry, and numerous questions for Terra’s South Korean founder, Kwon Do-hyung, have emerged from the debris of was...

Terra crash not a risk to the broader crypto ecosystem, says Huobi Global co-founder

As the fall of Terra (LUNA) and TerraUSD (UST) may have a noticeable short-term impact on the decision-making of both retail and institutional investors, it doesn’t pose a risk to the larger crypto ecosystem, according to Jun Du, co-founder of Huobi...

South Korean watchdog reportedly fines Terraform Labs $78M for tax evasion

submitted by /u/pedi1370 [link] [comments]

'Grim Reapers' financial crimes unit revived to investigate Terra collapse

Legal troubles are mounting for the co-founder of failed Terra crypto project, Do Kwon, as the South Korean government revives the dormant Grim Reapers of Yeoui-do to investigate Terra’s fall.The special investigative and prosecutorial team consists...

Terra Co-Founders to Face Fraud Charges in South Korea

The challenges ahead for Terra’s co-founders are notably more than just reviving the after UST and LUNA coins last week. As by a local media site, Munhwa, an organized group of LUNA and UST investors is planning to file a legal complaint agains...

Mike Novogratz Speaks: Terra’s UST Was “A Big Idea That Failed”

After 10 long days, Mike Novogratz broke his silence on the Terra/ Luna situation. Considering that he was one of the protocol’s main proponents and even got a Luna tattoo, the community’s interest in Novogratz’s opinion is justified. “My tatto...

Was Terra’s UST cataclysm the canary in the algorithmic stablecoin coal mine?

The past week has not been an easy one. After the collapse of the third-largest stablecoin (UST) and what used to be the second-largest blockchain after Ethereum (Terra), the depeg contagion seems to be spreading wider. While UST has completely depeg...

Billionaire Investor and Galaxy Digital CEO Mike Novogratz Addresses the Terra LUNA and UST Fallout

On May 18, the billionaire investor and crypto proponent Mike Novogratz published a post about the recent Terra blockchain fallout. Novogratz and his firm Galaxy Digital were big believers in the Terra project, and the investor even got a LUNA-centri...

South Korean Politician Demands Parliament To Investigate TerraUSD’s Collapse

The “People Power Party” representative, a South Korean politician Yoon Chang-Hyeon called a parliamentary hearing on TerraUSD (UST) due to its sudden collapse last week. According to a report from South Korean Newschannel “Newspim&...

Early polling from Terra vote indicates 91% are in favor of 'rebirth'

Terraform Labs CEO Do Kwon’s plan to create a new blockchain “without the algorithmic stablecoin” TerraUSD (UST) has the support of 85 million community votes.In a proposal opened to the Terra (LUNA) community on Wednesday, more than 91% of votes at...

Analysts assess the aftermath of the Terra (LUNA) collapse | Cointelegraph interview

Financial commentator Frances Coppola is convinced that algorithmic stablecoins such as TerraUSD (UST) will always be vulnerable to sudden collapses, no matter how much the technology improves. “They can improve their game theory, they can improve th...

Do Kwon is managing to push through a hard fork to the TerraLuna blockchain against the wishes of the overwhelming majority of the community. Does this reveal a flaw in proof of stake blockchains?

After the collapse of LUNA/UST, Do Kwon came out with a proposal to hard fork the chain to a previous snapshot and reallocate LUNA back to a 1b supply. Through the last few days, it has become clear that the overwhelming majority of luna holders are...

Terra – A ‘Pyramid Scheme’ – Threatens The Crypto Ecosystem, Billionaire Says

The cryptocurrency industry is currently digesting the rise and fall of Singapore-based Terraform Labs’ network token Terra (LUNA) and stablecoin TerraUSD (UST). Following the unexpected collapse of almost $45 billion in market value over the c...

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