LUNA Price at the time of writing – $0.0001791 Terra’s native cryptocurrency LUNA to lost $40 billion in value Tether (USDT) are no longer tethered to the U.S. dollar The continuous nonsense with Terr...
Tag: Terraform
South Korean Law Firm to File Suit Against Terraform Labs CEO, Co-Founder
Terraform Labs founder and CEO Do Kwon and co-founder Daniel Shin could soon be facing lawsuits and property seizures in the aftermath of the Terra meltdown last week. LKB & Partners law firm told...
LUNA Meltdown Doomed To Get Worse After Shocking Departure Of Terraform Labs Legal Team ⋆ ZyCrypto
Advertisement     Doom and gloom pervade the Terra ecosystem as the in-house legal team flees Terraform Labs, the development company behind the ill-fated Terra blockc...
3 Members of Terraform Labs’ In-House Legal Team Abruptly Leave Amid LUNA, and UST Fallout – Bitcoin News
Three members of Terraform Labs’ legal team have left the company, according to their Linkedin profiles that show their departure from the firm this month. The resignation of the company’s in-house li...
Crypto users react to Terraform Labs legal team purportedly leaving company
The ongoing saga with Terraform Labs, the blockchain developer behind Terra (LUNA), took a turn following a supposed change in employment status for many on the firm’s legal team. According to their L...
Will LUNA Recover – Terraform Labs Team Resigns
Woes in the Terra community are only deepening, and the chances of UST holders being compensated for their losses are growing smaller by the day. The Terra legal community team has reportedly resigned...
Terraform Labs Legal Team Quits Amid Recent Catastrophic Events
2 hours ago | 2 mins read Editors News A two-week price drop of LUNA to $0.00 prompted Terraform Labs’ legal team to resign. The legal team’s resignation would not be the first in the crypto industry....
Terraform Labs’ Legal Team Quits After UST Crash – Another Blow To Kwon
The ongoing rigmarole with Terraform Labs, the blockchain developer behind Terra (LUNA), took a turn after a purported modification in job status for some members of the company’s legal staff. The int...
In-House Legal Team at TerraForm Labs Resigns Following TerraUSD (UST) and LUNA Collapse
– Advertisement – More unfortunate developments continue to unfold in the aftermath of the UST and LUNA crash Following the collapse of TerraUSD (UST) and LUNA, the legal counsel team of T...
Terraform Labs’ legal team quit as UST collapsed
Terra’s legal team resigned as UST lost its dollar peg and collapsed, pushing the Luna token to zero, according to sources familiar with the matter. As reported by the crypto publication The Block on ...
Do Kwon CEO of Terraform Labs broke his silence on “the fall of LUNA and UST stablecoin”
Kwon advocated, via a Terra discussion site, that the network be effectively restarted by releasing 1 billion tokens to affected holders and users. Do Kwon, CEO, and co-founder of Terraform Labs, brok...
Terraform Labs Founder Do Kwon proposes a Terra Rescue Plan
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...
What if Terraform Labs Undertakes This Hypothetical Step to Save LUNA & UST Price?
Will LUNA be Forked Amid the Recovery Plan? After the recent nightmare of the UST de-pegging and LUNA price crashing to the dust, the platform was heavily criticized for not handling the situation wis...
Binance CZ Slams TerraForm Labs Poor “Handling” of UST/LUNA Crash
Changpeng Zhao (CZ), CEO of leading crypto exchange Binance has expressed disappointment at how the Terra (LUNA) project team has so far handled the price crash of its stablecoin, UST and its native t...
The SEC has already sued Terraform Labs. It has every reason to investigate UST, lawyers say
The Securities and Exchange Commission is likely already investigating what happened to UST over the past week, two former SEC lawyers tell The Block. “The SEC is already on the scene as they are inv...
Terraform Labs CEO pseudonymously co-created failed stablecoin project Basis Cash, CoinDesk reports
CoinDesk reported Wednesday that Do Kwon, co-founder and chief executive of the development firm behind the Terra blockchain, was closely involved with an earlier stablecoin effort that failed to gain...
Terraform Labs Launches 3 Emergency Actions to Save LUNA, UST Stablecoin
On Thursday, Terraform Labs, the team behind the Terra ecosystem, outlined three emergency measures aimed at saving LUNA and its native stablecoin UST from collapse. The three measures include burning...
TerraForm Labs proposes to burn $1.3B in UST to save LUNA
Terraform Labs proposed to burn a total of $1.3 billion worth of UST to save LUNA to combat the current crisis. A three-step emergency plan was posted on the project’s Twitter account, which included ...
Uncovering Terra’s Implosion — Terraform Labs’ Big Name Backers and ‘Zero Exposure’ Claims – Bitcoin News
Digital currency markets have continued to slide downward in value as the crypto economy has dropped by 14% during the past 24 hours. Amid the market rout, the native Terra blockchain token LUNA has d...
Terraform Labs Shares “Emergency” Plans as LUNA Breaks Below Five Cents
Share this article Terraform Labs has endorsed a plan to accelerate the UST burn rate in an attempt to save Terra from collapsing. Terra Aims to Avoid Collapse Terra is still in crisis mode. The Lay...
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...
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...
Terraform Labs CEO Explains UST Depegging as LUNA Prices Plunge
The hottest stablecoin ecosystem in the crypto industry has shown signs of floundering over the weekend as UST dropped its peg and LUNA prices plunged. Weekend transaction data has revealed that Terra...
South Korea’s Terraform Labs Looks to Buy $10 Billion in BTC
Terraform Labs in Seoul, South Korea is looking to buy as much as $10 billion worth of bitcoin to back its own stable currency, which it’s looking to release soon into the crypto market. The company i...
Luna Foundation Guard got a gift of 10M Luna from Terraform Labs
Terraform Labs (TFL), a Terra (LUNA) blockchain developer, has given the Luna Foundation Guard 10 million LUNA, which is worth roughly $820 million at current pricing. The Luna Foundation Guard (LFG) ...
Terraform Labs ‘Gift’ 10M LUNA Tokens to Luna Foundation Guard as Reserve
LFG has about 42,406 Bitcoin tokens in its reserve, the bulk of assets also includes USDT, USDC, and now LUNA. Terraform Labs, the South Korea-based blockchain startup in charge of the development of ...
Terraform Labs gifts another $880M to Luna Foundation Guard
Terra (LUNA) blockchain developer Terraform Labs (TFL) has gifted the Luna Foundation Guard 10 million LUNA worth around $820 million at current prices. The Luna Foundation Guard (LFG) is a nonprofit ...
Terraform Labs Donates 10 Million LUNA to Luna Foundation Guard – crypto.news
Earlier today, Terraform Labs announced on Twitter that it had donated 10 million Luna to the Luna Foundation Guard(LFG). The LFG is a treasury that supports the growth and development of the Terra ec...
Terraform Labs ‘gifts’ $880 million in LUNA to Luna Foundation Guard
Terraform Labs has gifted 10 million LUNA ($880 million) to the Luna Foundation Guard to help boost the stability of the stablecoin UST. The funding will likely go toward the foundation’s goal of acqu...
LongHash Partners With Terraform Labs to Accelerate Web3 Development on Terra
The Web3 investment fund – LongHash Ventures – teamed up with Terraform Labs to establish the LongHashX Accelerator Terra cohort. The join product will aim to reach founders and startups building in t...
LongHash Ventures and Terraform Labs teams up to incubate projects on the Terra blockchain » CryptoNinjas
LongHash Ventures, an accelerator & investor in blockchain projects, has announced a new partnership with Terraform Labs to launch the LongHashX Accelerator Terra cohort. The partnership will open...
LongHash Ventures And Terraform Labs Partner Up To Bolster Web3 Projects On Terra Blockchain
Advertisement     LongHash Ventures is elated to announce its strategic partnership with Terraform Labs aimed at launching the LongHashX Accelerator Terra cohort. As p...