News about TERRAUSD

News about Terrausd

Do Kwon Faces Extradition to U.S. for Charges Tied to the TerraUSD and Luna Collapse: WSJ

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

Prime Core Faces $8M Loss Amid TerraUSD's Collapse

Prime Core Technologies, parent of Prime Trust, experienced an $8 million financial setback due to investments in TerraUSD, a stablecoin, leading to bankruptcy proceedings in August 2023, highlighting the cryptocurrency market's volatility. (Read Mor...

Prime Trust parent company lost $8M investing in TerraUSD

Prime Core Technologies said that “under prior management” it had lost $6 million in user funds and $2 million in treasury funds through investments in the algorithmic stablecoin....

SEC Says Jump Trading Secretly Propped Up Do Kwon’s TerraUSD

Court filings by the U.S. SEC claim that Jump Trading entered a secret deal with Do Kwon in 2021.& Jump Trading allegedly propped up Terraform Labs’ TerraUSD stablecoin a year before it collapsed.& The deal allowed TerraUSD to regain its dol...

Jump Trading faces lawsuit over alleged $1.3B profit from TerraUSD

Jump Trading and its CEO, Kanav Kariya, are accused of violating United States regulations and unjust enrichment in the lawsuit. A lawsuit filed in an Illinois distric...

TerraUSD Creator Do Kwon Granted $437,000 Bail In Montenegro

Summary: A Basic Court in Montenegro’s capital Podgorica agreed to bail terms for Do Kwon and a second Terra executive identified as Han Chang-joon.Kwon will be released after paying $437,,000 or €400,000 in bail but he cannot leave his apartmen...

Flatcoiners should take a cue from TerraUSD's fate

Flatcoins need to provide a more stable and decentralized alternative to traditional currencies — otherwise, they’re nothing but investment vehicles. The post-COVID-19...

TerraUSD: Why The U.S. Justice Department Is Now Probing The Stablecoin’s Collapse

The U.S. Justice Department is investigating the 2022 collapse of the TerraUSD stablecoin and is considering bringing criminal charges against the coin’s creator, Do Kwon, as reported by the Wall Street Journal. The move comes after the U.S. Se...

US Justice Department Probes Collapse of TerraUSD: Report

<p>The US Justice Department is investigating the collapsed algorithmic stablecoin TerraUSD, thus raising the possibility of criminal charges against Terraform Labs and its CEO, Do Kwon, who were already <a href="https://www.financemagn...

FBI, NY authorities probes collapse of TerraUSD stablecoin: Report

The controversial founder of Terraform Labs, Do Kwon, is at the center of the investigation, despite being believed to be hiding out in Serbia. The United States Justi...

SEC Sues Terraform Labs, Do Kwon for Misleading Investors on TerraUSD Stablecoin: Bloomberg

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

Crypto Lender Hodlnaut Lost Close To $190M In TerraUSD Collapse

The Singapore-based crypto lender has lost close to $190 million, as per reports, due to its exposure to Terra’s algorithmic stablecoin UST. The crypto lender platform had downplayed its exposure to Terra’s stablecoin UST despite the fact...

Hodlnaut Lost $190M from Hong Kong Branch in TerraUSD Wreck

A report from the interim judicial manager has uncovered that cryptocurrency lender Hodlnaut's Hong Kong branch lost nearly $190 million during the collapse of the Terra/Luna digital token in May 2022. (Read More)

What role did Harvard Business School play in the collapse of TerraUSD?

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

Terraform Labs and co-founder Do Kwon sued in U.S. court over the collapse of stable coin TERRAUSD

Do Kwon, the "heartbroken" co-creator of Terra, headlines a raft of defendants named in a class-action suit filed Friday in U.S. District Court in Northern California. Plaintiff Nick Patterson is alleging, among other accusations, th...

Coinbase sued in relation to promotion of TerraUSD cryptocurrency

submitted by /u/Far-Scholar9028 [link] [comments]

Coinbase is facing class action suits over unstable stablecoins GYEN, TerraUSD

A class-action suit was filed against Coinbase on Thursday claiming the trading platform was negligent in its listing of the TerraUSD stablecoin and alleging that it failed to disclose its financial relationship with Terraform Labs. This is the secon...

TRON upgrades USDD in the aftermath of TerraUSD collapse

USSD is the first over-collateralized decentralized stablecoin, with guaranteed minimum collateral ratio of 130%. The current collateral ratio is over 200% with nearly $1.4 billion worth of assets in the Tron DAO reserve account. TRON-based dec...

These are the least 'stable' stablecoins not named TerraUSD

The recent collapse of the once third-largest stablecoin, TerraUSD (UST), has raised questions about other fiat-pegged tokens and their ability to maintain their pegs.Stablecoins' stability in questionStablecoin firms claim that each of their issued...

Peak Irrationality? A New Clone Of The Failed TerraUSD Stablecoin Has Surpassed $550 Million In Market Cap

submitted by /u/Necessary-Bathroom14 [link] [comments]

Curve Finance To Conclude CRV Token Emissions From TerraUSD Oriented Pools

Curve Finance community members are already voting to terminate CRV releases from all UST liquidity pools. Curve Finance, an innovative crypto project, announced on Thursday morning that it would end all connections with the UST stablecoin. The platf...

TerraUSD founder Do Kwon mocked an economist for being 'poor' after she criticized his cryptocurrency — which is now collapsing

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

	The Riveting World of Bombay Club
	SOCIAL GOOD 100$ free sign up bonus + 100% Cashback on daily purchases
	Ethereum Expected to Thrive in 2023
	How To Get Started On Cryptocurrency Gaming
	5 Important Features of White Label NFT Marketplace
	How to get started with crypto gambling
	Best 7 Web3 Apps That Pay You Crypto
	6 Must-Have Tools For Crypto Traders
	Can Ethereum 2.0 Be Converted to Cash?
	Cryptocurrency in Gambling: Features and Benefits
	What are the Core Facets of a Successful Cryptocurrency?
	Cost to Develop Your Own Cryptocurrency Website
	EgldRush - The best Elrond NFT project Farming, Staking, Rewarding
	Choosing a Safe Cryptocurrency Exchange 2022
	Let's Talk About Security in Crypto