Terra has been at the receiving end of one of the most disastrous downfalls in the history of crypto and blockchain. Terra’s stablecoin project, UST, and its native token, LUNA, crashed in the past fe...
Tag: Kwon
Do Kwon Says He’s ‘Heartbroken’ Over Terra Demise
Do Kwon is known for an aggressive social media strategy, but the Terra co-creator has been uncharacteristically silent for the past few days as the network careened into catastrophe. Today, hours aft...
Terra Founder Do Kwon Says He Never Sold UST Nor LUNA During Price Crash
– Advertisement – Do Kwon mention that he also suffered huge losses because he never sold any of the tokens. Terra’s team, led by Do Kwon, has come under heavy scrutiny within the past wee...
No $LUNA or $UST Were Sold This Crash Says Terra Founder Do Kwon Outlining Recovery Plan – Coinpedia – Fintech & Cryptocurreny News Media
From the last few weeks, and just three days ago, Terra Luna’s supply was just 340,000 according to Terra analytics. And the UST lost its peg from the dollar on Monday, and that is when the Luna start...
Do Kwon Resurfaces to Propose Clean Slate for Terra—Without UST Stablecoin
After a short absence from Twitter and social media, Terra co-creator Do Kwon emerged on Friday to propose an “ecosystem revival plan” for the network. In it, he suggests that UST is not c...
Do Kwon Proposes Revival Plan for Terra Ecosystem
Terra co-founder Do Kwon has unveiled a revival plan for the Terra community, which will involve abandoning the UST stablecoin entirely. Instead, he suggests that validators reset network ownership un...
LUNA Investors ‘Suicidal’ After Crypto’s Collapse – Do Kwon Says He’s ‘Heartbroken’
Do Kwon, the creator of defunct cryptocurrencies TerraUSD and LUNA, is now the subject of criticism and investigation after the failure of his enterprise sparked a significant market-wide catastrophe ...
Luna CEO Do Kwon proposes forking LUNA, UST to reimburse hodlers
Luna Foundation Guard CEO, Do Kwon, has written a proposal that suggests forking LUNA to a new chain using a snapshot from before the attack. He details a recovery plan that includes giving the new bl...
Terra Community Must Revive Network, Do Kwon Urges
Key Takeaways Do Kwon has published a post on Terra’s governance forum presenting a plan to revive the network. Kwon has suggested issuing 1 billion new tokens for Terra community members. Kwon ...
LUNA hits new lows as Kwon pursues plan to restore UST peg
The price of LUNA, the native token of the Terra blockchain, hit new market lows Thursday morning. The cryptocurrency dipped below $0.30 for the first time early on May 12, hitting a low point of $0.2...
Do Kwon Wants Protection as Unidentified Person Visits His House: Report
Seongdong Police in Seoul is reportedly investigating a case of a break-in at Terraform Labs’ Do Kwon’s apartment. This comes amid the massive drama that occurred in the past week within the Terra eco...
Terra Founder Do Kwon Seeks Police Protection Following Recent Home Invasion From an Alleged LUNA Investor
– Advertisement – Do Kwon’s spouse files a report requesting immediate police protection after an alleged LUNA investor invaded their residence. It is no longer news that investors of Ter...
Do Kwon fears for his safety following Terra (LUNA) implosion
Korean news outlet Money Today has reported that TerraForm Labs CEO Do Kwon has requested police protection. The appeal came following a break-in at his apartment in the Seongsu-dong district of Seoul...
Gensler attacks USDT, USDC, BUSD while Do Kwon takes his ‘razor focus to deliver’
The U.S. SEC Chair Gary Gensler criticized stablecoins and digital asset exchanges for trading against their customers. This criticism comes at a low point for the crypto market which is currently goi...
Terra founder Do Kwon shares plan to save the UST stablecoin peg
Do Kwon, CEO of Terraform Labs, has not accepted defeat. After an 18-hour wait in which Terra’s LUNA and TerraUSD (UST) endured a face-ripping freefall, Kwon has announced what he hopes will be ...
Terra’s Do Kwon Finally Releases Recovery Plan for UST, Community Recalls “Lehman Brothers” Tragedy
Vladislav Sopov Here’s how Terra (LUNA) team is going to address collapse of TerraUSD (UST) stablecoin Contents Increase minting capacity would accelerate UST absorbing: Proposal Terra’s t...
LUNA on Free Fall as Terra Co-founder Do Kwon Failed to Produce Recovery Plan
UST’s decline has prompted calls from the US government on the stablecoin regulation. Terra Network’s LUNA has dropped to under $5 following a 90% weekly plummet. The price action represents one of th...
Terra’s Do Kwon Plans To Sacrifice LUNA To Support UST Peg
Terra founder Do Kwon on Wednesday outlined plans to support the flailing Terra blockchain. But his plan is likely to pressure LUNA prices further. Terra (LUNA) has registered a historic dump amid the...
Do Kwon Is the Elizabeth Holmes of Crypto
That raises a final possible parallel to Holmes: Some have made the argument that she was to a degree herself a victim of the Silicon Valley funding machine. Some venture capitalists, the logic goes, ...
Terra (LUNA) Price Hits Record Low, Can Do Kwon Fix This?
The Terra (LUNA) price has fallen to an all-time low below $1, despite founder Do Kwon’s proposal to fix the UST peg. The token slumped 98% in the past 24 hours, with losses showing no signs of slowin...
Terraform Labs CEO Do Kwon Outlines Terra’s Path Forward for LUNA, UST Stablecoin
Do Kwon, the founder and CEO of Terraform Labs, has broken his Twitter silence to reveal the Terra network’s next steps in the wake of this week’s crash. “I understand the last 72 ho...
Do Kwon Reveals Terra’s Proposed Rescue Plan to Save LUNA and UST
The outspoken Terraform Labs founder Do Kwon finally broke his silence and detailed the new rescue plan he has to re-peg the ecosystem’s flagship stablecoin, UST. In the latest Twitter thread, Kwon sa...
Terra’s Do Kwon Teases Recovery Plan But Stays Quiet After Almost 15 Hours
The UST drama continues on the cryptocurrency market as more people are in massive losses after Luna’s drop below $10 and UST’s failure to maintain the peg with one U.S. dollar. To calm do...
Do Kwon Outed as Co-Founder of Previous Failed Stablecoin Project
Key Takeaways Terra founder Do Kwon has been revealed to be the identity behind “Rick Sanchez,” one of the anonymous co-founders of Basis Cash. Basis Cash was modeled on Basis (previously ...
LUNA Collapses to $0.69 As Terra Founder Do Kwon Outlines Plan To Rebuild Ecosystem
Terra founder Do Kwon has revealed a plan to rebuild the project’s ecosystem following LUNA’s 99% collapse from its all-time high to below $1 and TerraUSD (UST) losing its dollar peg. In a Twitter thr...
Who is Do Kwon, and where did all go wrong for UST founder?
I’ve been in cryptocurrency for a few years now, but I’ve never seen anything like the events of the last 48 hours. We have seen a stablecoin worth $18 billion – UST – go poof, as well as the accompa...
TerraForm Labs CEO Do Kwon announces recovery plan for LUNA, UST following crash
Terraform Labs CEO Do Kwon announced a possible “solution” to deal with the massive crash LUNA and UST experienced over the last couple of days. TerraUSD (UST), a stablecoin pegged 1:1 to the U.S. dol...
Do Kwon Pledges to Rebuild UST (This Time With Collateral Backing)
Following a failed attempt to defend the peg for the TerraUSD (UST) stablecoin, TerraForm Labs CEO Do Kwon has finally admitted that it is now embarking on a plan to “rebuild UST.” Recall that a sleut...
“Terra’s Return to Form Will be a Sight to Behold,” Says Do Kwon As He Unveils UST and LUNA Recovery Plan ⋆ ZyCrypto
Advertisement     Drama in the Terra ecosystem has taken a turn for the worse as the LUNA price continued its third consecutive day of falling. Over the past 24 hours,...
Terra Nears Zero as Do Kwon Promises “Return to Form”
Key Takeaways Terraform Labs CEO has endorsed a governance proposal to save the Terra ecosystem. The proposal suggests accelerating LUNA minting to preserve UST’s peg. LUNA is trading around $1,...
Do Kwon tweets out plan for rebuilding UST peg
Following on from the death spiral for UST and Luna, affecting the entire Terra ecosystem, Do Kwon has finally tweeted out a plan which he hopes will eventually return UST to its peg and bring much re...
Do Kwon Offers Solutions For Terra Ecosystem, Can it Push LUNA Back Above $30?
Terra Ecosystem is having a troubled time, as the ecosystem has witnessed one of the greatest falls in its price, inflicting a damage of Billions. However, Do Kwon took it to Twitter, and offered some...