The U.S. Justice Department is investigating the 2022 collapse of the TerraUSD stablecoin and is considering bringing criminal charges against the coin’s creator, Do Kwon, as reported by the Wall Stre...
Tag: TerraUSD
U.S Justice Department Investigates TerraUSD Stablecoin Collapse
The US Justice Department is investigating last year’s collapse of TerraClassicUSD (USTD) stablecoin. The investigation raises the possibility of filing U.S. criminal charges against the South Korean ...
Justice Department investigating collapse of Do Kwon’s TerraUSD stablecoin: WSJ
Ad The U.S. Justice Department has opened a probe into the collapse of Do Kwon’s TerraUSD stablecoin, according to the Wall Street Journal (WSJ). The investigation is said to target former team member...
Justice Department Probe Into the TerraUSD Crash
The U.S. Justice Department is investigating the collapse of the TerraUSD stablecoin, according to a report from the Wall Street Journal, citing sources familiar with the matter. Former team members b...
Justice Department investigating collapse of TerraUSD, WSJ says
The Justice Department is investigating the collapse of the TerraUSD stablecoin, The Wall Street Journal reported, citing sources. Terraform Labs and its CEO Do Hyeong Kwon are already facing ci...
US Justice Department is reportedly investigating TerraUSD (UST) collapse
FBI and SDNY are probing the collapse of Terra’s algo-stablecoin – UST The agencies investigation is on similar lines as that of the SEC, which charged Do Kwon for committing securities fraud The Unit...
Terrausd (UST) Under Fire as SEC Uncovers Shocking Revelation of Market Manipulation
TerraUSD (UST) is a cryptocurrency that is supposed to track the value of the US dollar, but it has no cash backing. It uses a unique dual token system praised as an engineering marvel in the blockcha...
U.S. investigation into Do Kwon and his infamous stablecoin unveils several new revelations
The collapse of supposed stablecoin TerraUSD last May wiped out more than $40 billion of market value held by investors who bought into the story that creator Do Hyeong Kwon and his firm Terraform Lab...
Binance Faces €2.4m Lawsuit Linked To TerraUSD Failure
Binance’s French subsidiary, Binance France, has been sued by fifteen investors who claim that the cryptocurrency giant violated local regulations by misleading customers. The French subsidiary ...
NYC Prosecutors Probing Sam Bankman-Fried’s Role in TerraUSD Collapse: Report
Did Sam Bankman-Fried have a hand in the collapse of the Terra blockchain and its Luna stablecoin? According to a Wednesday report by the New York Times, Manhattan prosecutors are looking into it. Fed...
Technical audit shows LFG didn’t misappropriate funds as it tried to defend TerraUSD peg – crypto.news
An on-chain audit commissioned by the Luna Guard Foundation (LFG) and Terraform Labs (TFL) to provide transparency into the actions of the two organizations in their unsuccessful defense of the TerraU...
Hodlnaut Lost $190M from Hong Kong Branch in TerraUSD Wreck
A report from the interim judicial manager has uncovered that cryptocurrency lender Hodlnaut’s Hong Kong branch lost nearly $190 million during the collapse of the Terra/Luna digital token in Ma...
Crypto Lender Hodlnaut Lost Close To $190M In TerraUSD Collapse
The Singapore-based crypto lender has lost close to $190 million, as per reports, due to its exposure to Terra’s algorithmic stablecoin UST. The crypto lender platform had downplayed its exposure to T...
Embattled Crypto Lender Hodlnaut Lost $190M in the TerraUSD Collapse: Report
Troubled crypto lender Hodlnaut suffered a nearly $190 million loss in TerraUSD (UST) collapse despite downplaying its exposure to the coin, Bloomberg reported on Monday, citing findings from an inter...
Do Kwon faces $57 million lawsuit by 359 TerraUSD investors
Do Kwon, the fugitive founder of Terraform, and other founding members of the project, including the Luna Guard Foundation (LGF), have been charged in a fresh lawsuit concerning the collapse of TerraU...
Luna Foundation Guard postpones compensation efforts, cites ‘ongoing and threatened litigation’
Since the collapse of the TerraUSD, the algorithmic stablecoin that catastrophically lost parity with the U.S. dollar earlier this year, the Luna Foundation Guard (LFG) maintained it would follow thro...
Crypto Sends Unprecedented Bullish Signal As Price Of Bitcoin, Ethereum, BNB, XRP, Solana, Cardano, Shiba Inu, And Dogecoin Blast Higher
bitcoin, crypto prices Getty Images Crypto prices are lately behaving in a way that they haven’t for a long time. In the past week, all major stock benchmarks were deep in the red. The S&P 500 cra...
South Korea says Interpol has issued a red notice for Do Kwon, Bloomberg says
Prosecutors in South Korea claim Interpol has issued a red notice for the arrest of Terraform Labs CEO Do Kwon, according to a Bloomberg report. The news comes after a South Korean court issued a warr...
Terra LUNA Price drops as House Bill may ban Stablecoins like “TerraUSD”
Join Our Telegram channel to stay up to date on breaking news coverage The fall of Terra was an eye-opener for many. The “algorithmic” generation of crypto assets has been equated to creating money ou...
US regulators might ban TerraUSD and other algorithmic stablecoins for up to two years
Join Our Telegram channel to stay up to date on breaking news coverage The interest in cryptocurrencies has been growing in the US for years, and it certainly skyrocketed during 2020 and 2021, when th...
Algorithmic Stablecoins Like TerraUSD to Face Two-Year Ban in the U.S.
Next week, the House Financial Services committee will vote on legislation to regulate stablecoins. As per details, the draft bill proposes a complete two-year ban on algorithmic stablecoins like the ...
‘Coming To 34 Million Accounts’
Bitcoin Getty Images After Monday’s wipeout, crypto prices turn mixed. Over the past week, the bitcoin price soared 4.9%, at one point hitting a high of just over $22,500. Most major altcoins are reco...
LUNA’s price more than triples within 24, market cap sees 209% increase
The collapsed cryptocurrency LUNA, governance token of the Terra ecosystem, has more than tripled within the past 24 hours. The performance of Terra (LUNA) according to the crypto price tracker Trad...
Much Crypto Data Is ‘Fake’— Groundbreaking Study Issues Dire Warning As Price Of Bitcoin, Ethereum, BNB, XRP, Solana, Cardano, Shiba Inu, And Dogecoin Crash
MIAMI, FLORIDA – APRIL 8: A bitcoin logo is seen during the Bitcoin 2022 Conference at Miami Beach … [+] Convention Center on April 8, 2022 in Miami, Florida. The worlds largest bitcoin co...
Do Kwon Thinks An Employee Was Behind The Depegging Of TerraUSD But Fully Accepts All The Blame ⋆ ZyCrypto
Advertisement     Terra’s founder believes that the implosion of the network was set off by an ex-employee leaking insider information. The embattled founder is optimi...
‘Little Evidence’ Of Easing Inflation—the Fed Triggers Massive Crypto Liquidations As the Price Of Bitcoin, Ethereum, BNB, XRP, Solana, Cardano, Luna, Shiba Inu, And Dogecoin Crash
Chairman of the Federal Reserve nominee Jerome Powell Getty Images Crypto has been on one hell of a rollercoaster lately. Since the end of July, the crypto market attracted $200 billion and grew to a ...
“Dramatic Capitulation”—Major Crypto Turning Point Is Looming As Price Of Bitcoin, Ethereum, BNB, XRP, Solana, Cardano, Luna, Shiba Inu, And Dogecoin Turn Mixed
Bitcoin Getty Images In the wake of an impressive three-week run, the crypto market hit a pause button. In the past week, the bitcoin price retreated to $23,500 after breaking through the important $2...
‘Floodgates Of Capital’—Crypto Is Braced For $21 Trillion Boom As Price Of Bitcoin, Ethereum, BNB, XRP, Solana, Cardano, Luna, Shiba Inu, And Dogecoin Skyrocket
bitcoin price getty The crypto market is on fire. In the past week, the price of bitcoin soared 7.4%, currently trading at $24,523, and the ethereum price climbed 16.8% to just under $1,900. Most altc...
‘HODLer Capitulation’ Is Near—Crypto Is Braced For Major Turning Point As Price Of Bitcoin, Ethereum, BNB, XRP, Solana, Cardano, Luna, Shiba Inu, And Dogecoin Recover
crypto Getty Images The crypto rebound is alive and kicking. Over the past few week, the price of bitcoin soared 10.2%, currently trading at $23,076, and the ethereum price climbed 23% to just under $...
CoinShares reveals loss in second-quarter earnings driven in part by UST collapse
Digital asset manager CoinShares reported losses in the second quarter as the firm suffered over $21 million in losses following the de-pegging and subsequent collapse of TerraUSD (UST). Adjusted earn...