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Terraform, Do Kwon Agree in Principle to Settle Fraud Case With SEC: Court Filing
30.5.2024
Terraform Labs and co-founder Do Kwon have tentatively agreed to settle a fraud case with the U.S. Securities and Exchange Commission (SEC), according to a court filing Thursday
Diversifying Stability: Stablecoins Finding Home Beyond the Greenback
7.2.2024
Following the success of Tether and USDC, a generation of stablecoins are offering new features for investors and holders, says Scott Sunshine, Managing Partner of Blue Dot Advisors
Former Terraform Labs CFO Han Chang-joon Extradited to South Korea by Montenegro
5.2.2024
Han Chang-joon was charged with carrying falsified travel documents alongside Terra co-founder Do Kwon last year
SEC Whistleblower Reveals Chai Payments App in Terra Ecosystem Didn’t Use Crypto
31.12.2023
Source: Adobe/Casimiro Four crypto tokens sold by Do Kwon and his co-founded company, Terraform Labs, has been qualified as unregistered securities. The tokens in question are TerraUSD (UST), LUNA, wLUNA, and Mirror Protocol (MIR), according to a recent summary judgment ruling by Judge Jed Rakoff...
Tokens Linked to Defunct Terra Shoots 70% on Bitcoin Linking, Burn Program
4.12.2023
These tokens have been among the strongest performers among the top hundred tokens by market capitalization in the past week
Daniel Shin Blames Terraform Collapse on Do Kwon's Management: Report
31.10.2023
Shin is attempting to distance himself from Terra and Kwon as he faces trial in South Korea
Defi TVL Dips Below $40B Amidst Market Turbulence and Shrinking Confidence
22.8.2023
After remaining above $40 billion for much of 2023, the total value locked in decentralized finance, or defi, fell below the threshold on August 17, reaching $37.9 billion by August 22. Additionally, from August 13, the top 100 DeFi tokens have decreased by $1.74 billion in value over nine days....
Do Kwon's Attorneys Propose $437K Bail, Deny Falsified Travel Documents Charges in Montenegro
11.5.2023
Montenegrin authorities arrested the Terra founder in March for allegedly attempting to travel with fake documents
Terra Classic Advocates Propose Plan to Re-Establish USTC’s Peg With US Dollar, Token’s Value Surges by Over 9%
28.4.2023
Almost 12 months back, terrausd (UST), an algorithmic stablecoin, suffered a detachment from the U.S. dollar, causing the Terra ecosystem to crumble shortly thereafter. At present, supporters of the Terra Classic blockchain community are deliberating on a plan to revive the ecosystem...
Do Kwon's Millions Are Not in South Korea, Prosecutors Say: Report
7.4.2023
South Korea requested the extradition of the Terraform Labs CEO after his recent arrest in Montenegro
Former SEC Branch Chief Explains Why U.S. Has Jurisdiction in Do Kwon Case
24.3.2023
Lisa Braganca says the Terraform Labs founder and his team knowingly reached out to U.S. investors, despite being based in Singapore
Jump Crypto Is Unnamed Firm That Made $1.28B From Do Kwon’s Doomed Terra Ecosystem: Sources
17.2.2023
A complaint by the SEC against Do Kwon and Terraform Labs revealed an unnamed trading firm helped Kwon restore UST’s $1 peg in 2021 in exchange for discounted LUNA tokens
Terraform Labs, Do Kwon Transferred More Than 10K Bitcoin Out of Platform Accounts After Collapse: SEC
17.2.2023
Around $100 million have since been withdrawn from the Swiss account, the securities regulator said in a court filing as it sued the company for misleading customers
Report: Deleted Files Indicate Crypto Lender Hodlnaut’s Execs Gave Little Weight to Terra Luna Exposure
31.10.2022
According to a report, the embattled crypto lender Hodlnaut saw a significant loss from the Terra blockchain collapse last May. The report notes that Hodlnaut downplayed the company’s exposure to the Terra ecosystem and allegedly lost $190 million from the incident. Report Says Hodlnaut...
While Its Lost 94% in Value Since the Collapse, Terra’s Fractured Ecosystem Is Still Worth $2.5 Billion
16.10.2022
It’s been five months since the Terra ecosystem collapsed as tens of billions of dollars in value disappeared from the crypto economy in a matter of days after May 7. Terra’s new Phoenix blockchain managed to restart the ecosystem to some degree and since the end of June...
Over 300 NFTs From Three Arrows Capital’s NFT Fund Moved by Liquidator to New Wallet
6.10.2022
Hundreds of non-fungible tokens (NFTs) collected by Starry Night Capital have been transferred to a new wallet. The NFT fund of the insolvent crypto hedge fund Three Arrows Capital (3AC) bought the tokens in 2021. 3AC filed for bankruptcy earlier this year, after taking a hit from the collapse...
In wake of Terra collapse, South Korea plans new crypto oversight committee: Report
31.5.2022
The infamous collapse of Terra may have hastened the creation of a supervision and control entity for virtual assets, which is set to launch in early June
A New Terra Network Is Coming With Support From Major Exchanges, LUNA and UST Holders Eligible for Airdropped Tokens
26.5.2022
According to a recent announcement from the Terra blockchain team, the community voted and passed a proposal that plans to launch a new genesis version of the Terra blockchain without an algorithmic stablecoin. The governance proposal called “Terra Ecosystem Revival Plan 2” has been...
Argentinian Cryptocurrency Exchange Buenbit Announces Staff Layoffs
25.5.2022
Buenbit, an Argentinian cryptocurrency exchange, has announced a series of layoffs due to the downturn that traditional and crypto markets are currently facing. Buenbit’s co-founder and CEO, Federico Ogue, clarified that this move had nothing to do with the recent Terra ecosystem disaster...
Near Protocol picks up slack, onboards Tracer following Terra's downfall
23.5.2022
As explained by Near Foundation’s Nicky Chalabi, projects like Tracer seeks alignment with the core values of the ecosystem that can support the company’s roadmap in time to come