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Do Kwon Fights SEC Extradition Request Over Terra and Luna Stablecoin Collapse
28.9.2023
Do Kwon, founder of Terraform Labs, is fighting a U.S. Securities and Exchange Commission (SEC) request to extradite him for questioning about the collapse of his stablecoins Terra and Luna, according to court documents filed on Wednesday.
The filing, submitted to the U.S. District Court for...
Terraform Labs Founder Do Kwon Opposes SEC's Extradition Request
27.9.2023
The TerraUSD creator opposes the SEC's attempts to bring him back to the U.S. for questioning about his failed stablecoin projects
Terra Luna Classic Price Prediction As LUNC Pumps 5% in 7 Days - Here's Why The Altcoin Is Outperforming
25.9.2023
Terra Luna Classic (LUNC), the cryptocurrency that powers the original Terra blockchain that faced disaster last May, has been outperforming the broader cryptocurrency market in the last seven days, rising more than 5.0% during this time.
By contrast, Bitcoin (BTC) is down close to 2% and Ether...
Terra Classic Community Votes to Stop USTC Minting as Revival Efforts Continue
25.9.2023
TerraUSD Classic, the stablecoin at the center of Terra’s implosion, will no longer be minted
Terra Classic Votes to Halt USTC Minting; Community Eyes Future Re-Peg
24.9.2023
Following a decisive vote by the Terra Classic community, an initiative to halt the creation of the previously termed stablecoin, terra usd (commonly referred to as UST or USTC), has been approved. Despite 40.56% opposition, 59.42% of the vote gave the nod for the software update. Minting Freeze...
Terra Luna Classic contemplates deposit hike to curb spam proposals
10.9.2023
This measure is intended to counteract the influx of "spam" and irrelevant proposals submitted for voting within the Terra Luna Classic community
Vauld gets permission for board restructuring from the court
25.8.2023
Singapore-based crypto exchange has been ongoing bankruptcy proceedings since August 2022
Prime Trust parent company lost $8M investing in TerraUSD
24.8.2023
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
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....
Today in Crypto: Thailand May Banish Facebook Because of Crypto Scam Ads, Terra Freezes Website Due to Phishing Scams, Phantom Launches the 'Sign In With Solana' Feature
22.8.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: Thailand May Banish Facebook Because of Crypto Scam Ads, Terra Freezes Website Due to Phishing Scams...
Terra money website frozen to prevent more phishing scams
22.8.2023
The freeze comes shortly after Terra website was compromised over the weekend by hackers who attempted to scam users via phishing attacks
Scientists reverse-engineered the Luna flash crash using particle physics
21.8.2023
Some of the same techniques used to study the thermal history of the universe can be used to understand crypto crashes
Terra Website Compromised; Developers Warn Against Phishing Scam
21.8.2023
Layer 1 blockchain Terra was targeted by a phishing attack over the weekend with the official website being compromised by hackers
SEC seeks to question Terraform Labs co-founder Daniel Shin in Korea
18.8.2023
The SEC seeks to question Daniel Shin on Do Kwon and Chai Corporation’s relationship with Terraform Labs
Trader Who Predicted Luna's Downfall Now Holds 450K MOON Tokens
9.8.2023
GCR likely bought 450,000 MOON at an average price of 40 cents-45 cents, Loch Research's Prithvi Jhaveri said
SEC-Ripple Ruling a ‘Silver Lining’ for South Korean Prosecutors in Do Kwon Case
9.8.2023
The XRP trial ruling may reportedly negatively impact South Korean prosecutors’ bid to convict Do Kwon and Terraform Labs of fraud and securities violations, but officials claim otherwise.
The US Securities and Exchange Commission (SEC) has expressed its “disappointment” at a court ruling last...
Global Payment Firm PayPal Launches Crypto Stablecoin – How Does it Work?
7.8.2023
Global digital payments giant PayPal Holdings Inc. is stepping into the stablecoin market.
The fintech behemoth, which was founded more than 25 years ago, is set to become the first major financial institution to launch its own US dollar-backed stablecoin, which will be called PayPal USD (PYUSD)....
Terraform Labs Lawsuit: Judge Rejects Motion to Dismiss SEC Case
1.8.2023
A US Judge has denied Terraform Labs' motion to dismiss a securities fraud lawsuit filed against it by the Securities and Exchange Commission (SEC).
On Monday, US District Judge Jed Rakoff rejected Terraform Labs' arguments that the SEC lacked jurisdiction and that its TerraUSD stablecoin did...
Bankruptcy judge signs off on order allowing Terraform Labs to subpoena FTX entities
1.8.2023
Terraform Labs claimed that the failures of its algorithmic stablecoin and governance token were the result of an attack from short sellers, potentially involving Alameda Research
Judge rejects motion to dismiss Terraform case, disagrees with Ripple decision
1.8.2023
Judge Jed Rakoff gave a detailed interpretation of the Howey test that was at odds with the decision on the SEC case against Ripple