Following the infamous collapse of the Terraform Labs’ stablecoin TerraUSD (UST) and native token Terra (LUNA), the South Korean prosecution’s investigation of the company is intensifying, with the au...
Tag: Terras
MIM stablecoin depeggs following Terra’s Domino effect
Magic web cash (MIM), an America dollar-pegged stablecoin of the gibber scheme, joins the growing list of tokens losing their $1 worth amid associate untimely crypto winter. The unforeseen de-pegging ...
Terra’s Do Kwon Shares Thoughts Amid Crypto Market Bloodbath
Founder and CEO at Terra – Do Kwon – posted for the first time in the past week following a massive market downturn where major cryptocurrencies are all down double-digits. Do Kwon is the man behind t...
Is Terra’s LUNA 2.0 Still Under Threat? This Is What Industry Leaders Say!
The crypto town has been in a quagmire for a brief period of time, which now feels like an eternity. The torments left behind by factors like global recession, 3AC and Celsius-like crisis, have left...
Do Kwon says ‘be the change you want to see’ after Terra’s multi-billion collapse
Do Kwon, the CEO of Terraform Labs, a cryptocurrency ecosystem which caused significant losses for investors when both its stablecoin TerraUSD and token Terra (LUNA) collapsed, has taken to Twitter to...
‘You Don’t Get A Bottom Until…’—Dot-Com Billionaire Issues Stark Crypto Prediction As Price Of Bitcoin, Ethereum, BNB, XRP, Terra’s Luna, Solana, Cardano, Dogecoin Go Into Free Fall
The crypto bleed-out continues. Over the past week, the bitcoin price lost about one-third of its value, hitting a low of just over $20,000, but then gained back 12% landing at $22,664 at the time of ...
Terra’s Do Kwon Is Being Investigated for Tax Fraud
Key Takeaways South Korean prosecutors are investigating Terraform Labs CEO Do Kwon for tax evasion, according to local reports. The prosecution recently conducted a search and seizure of the Seoul Re...
After Terra’s collapse the Tron stablecoin trembles
On Monday USDD, the stablecoin behind the Tron project, lost its peg with the dollar, slipping as low as 0.91 cents and fuelling speculation about the entire project. USDD, Tron’s stablecoin, loses pe...
Terra’s loss is Polygon’s gain: highly anticipated P2E game completes migration
In light of the current market conditions, the cryptocurrency market is undergoing a profound transformation. Several projects, such as Celsius (CEL), are contending for survival, whilst prominent pro...
New research reveals Terra’s collapse may have been an inside job
Apparently, the wallet identified as an “attacker” for generating a transaction that caused the collapse of the algorithm-based stablecoin project Terra was actually maintained by Do Kwon’s Terraform ...
Terra’s Most Anticipated Game, Derby Stars, Migrates to Polygon To Leverage Robust GameFi Ecosystem
Seoul, South Korea, 14th June, 2022, Chainwire Derby Stars, a AAA play-to-earn game centered on horse racing, is migrating to the Polygon Network, moving away from original plans to deploy on Terra. A...
Terra Founder Do Kwon Accused Of Using a Mystery Wallet With 20 Million LUNA to Manipulate Terra’s Proposal Voting
– Advertisement – The Terra CEO has come under yet another scrutiny for manipulating proposals’ voting using a mystery wallet. Do Kwon, the founder, and CEO of TerraForm Labs (TFL), has b...
Genuine mistake or fraud? That’s the question Terra’s Do Kwon needs to answer
Do Kwon pleads his innocence on his twitter feed after latest reports condemn him for cashing out $2.7 billion. The Terraform Labs CEO is already facing an investigation from the SEC and South Korean ...
Terra’s Do Kwon Denies Cashing Out $2.7 Billion
Alex Dovbnya Terraform Labs CEO Do Kwon has attempted to set the record straight about the most recent rumors Terraform Labs CEO Do Kwon claims that rumors of him cashing out $2.7 billion worth of cry...
Do Kwon dismiss claims to cashing out from Terra’s mishap 1
Do Kwon has rubbished rumors that he has been involved in some big cash out in the last few months as Terra’s boss. According to several reports, there have been claims that the Terraform Labs CEO has...
What can other algorithmic stablecoins learn from Terra’s crash?
The spectacular implosion of the Terra ecosystem in mid-May left the crypto industry scarred. Though there were some brave critics who understood just how thin the razor’s edge was for TerraUSD (UST) ...
Where Is Terra’s DeFi Market Share Going? Ethereum, BNB Chain, and Tron
Decrypting DeFi is Decrypt’s DeFi email newsletter. (art: Grant Kempster) Before its agonizing implosion last month, Terra’s ecosystem enjoyed nearly 15% of all DeFi market share. This mad...
Terra’s UST Collapse Is Not The Main Culprit Behind Bitcoin Crash: Chainalysis
Chainalysis, a blockchain analytics platform, has published a report analyzing the Terra crash. According to the report, the Terra crash did escalate the downturn in the crypto market, however, it was...
Terra’s Do Kwon Still Refuses to Release Collateral Logs Following $80 Million Pocketing Scandal
Arman Shirinyan Entire situation is shaping up like a massive scam conducted by Terra co-founder Terra’s LUNA and UST catastrophe is slowly coming to an end with more questionable facts about th...
Chainalysis: Terra’s UST Collapse Wasn’t Main Factor in Bitcoin Crash
Blockchain analytics platform Chainalysis has released a report analysing the crash of Terra’s stablecoin UST, concluding that it while it was a factor in the recent crypto market crash, it wasn’t the...
Terra’s Do Kwon May Face Charges In The U.S. As Money Laundering Accusations Emerge
Terra CEO Do Kwon has been in hot water ever since the collapse of the network last month. After the UST lost its peg and the price of LUNA (Now LUNC) crashed below zero, there had been calls for inve...
SEC Is Investigating Terra’s UST Stablecoin Collapse: Report
Terra’s UST stablecoin could become the subject of a U.S. Securities and Exchange Commission investigation. An unnamed source told Bloomberg that the regulator’s enforcement attorneys have...
Terra’s Do Kwon says there “are lots of misinformation” as reports emerge that SEC is investigating UST
? Want to work with us? CryptoSlate is hiring for a handful of positions! In a recently released statement, the Founder and Chief Executive Officer of Terraform Labs, Do Kwon, said that the level of m...
After Binance And Ripple, Terra’s Do Kwon Under SEC Scrutiny!
The aftermath of Terra crash is gaining new grounds every day. Now, Terra creator Do Kwon and Terraform Labs (TFL) is directed by a judge to cooperate with an SEC investigation. However, the investiga...
Terra’s Do Kwon loses appeal to block SEC subpoena over Mirror Protocol
Do Kwon, the founder of collapsed Terra (LUNA) ecosystem, has lost an appeal attempting to block the honouring of subpoenas by the Securities Exchange Commission (SEC) over an ongoing investigation in...
Senate Introduces A Game-Changing Crypto Bill As Price Of Bitcoin, Ethereum, BNB, XRP, Terra’s Luna, Solana, Cardano, Dogecoin Turn Mixed
After last week’s rout, the crypto market turned mixed. The price of bitcoin gained 1.6% and ethereum’s price budged a few basis points higher this week. CardanoADA is up 22%, XRP 2.5% and solana 3.6%...
Terra’s Anchor protocol users vote to halt ‘earning and borrowing’
? Want to work with us? CryptoSlate is hiring for a handful of positions! Indications have emerged that users of the largest DeFi platform on the Terra network, Anchor Protocol, have voted in favor of...
The Real Reason Behind Terra’s UST Stablecoin Disaster
Paolo Ardoino, Tether (USDTchief )’s technical officer (CTO), has identified the Terra (LUNA) ecosystem as the primary cause of the coin’s fall. Ardoino pointed at the Terra developers’ decision to cr...
Terra’s Largest Defi Platform Plans To Wind Down After UST Crash
Terra’s largest DeFi platform, Anchor Protocol, has recently proposed freezing Anchor Earn and borrowing functions to protect it from attacks. Its community has finally voted in to decide its fate. An...
Terra’s aftermath in China, Japan and South Korea
The “long waves” of TerraUSD’s May 7 collapse, which we noted two newsletters ago, are extending even further. Last week brought some notable reactions to the stablecoin’s depegging in the East Asia r...
Terra’s Do Kwon Few Months Ago: If You Keep Using Centralized Stablecoins They’ll Eventually Rug You, Use UST
– Advertisement – The new video clip shows Terra’s Do Kwon saying Stablecoins execute rug pulls months before the UST crash. The Terra community has been hounding Terra founder Do Kwon t...
TRON’s USDD Stablecoin Collateral Building Up to Prevent Repeat of Terra’s UST Stablecoin
In a bid to improve transparency surrounding its new algorithmic stablecoin, Tron has revealed details of its new coin’s collateralization strategy. To avoid the situation with TerraUSD that saw $60B ...