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...
Tag: UST
Will MakerDAO’s New Change Save DAI From Becoming Another UST?
In the midst of the chaos that is presently plaguing the crypto market for the past twenty-four hours — with USDC depegging from its $1 value to rising concerns over the extent to which it can affect ...
Is USDC Another UST? DeFi Analyst Shares His Take
Vladislav Sopov Seasoned cryptocurrency researcher and educationist who goes by @DefiIgnas on Twitter is sure that USD Coin (USDC) will not collapse in TerraUSD (UST)-like manner Contents No, USD Coin...
Researcher ties Jane Street to notorious ‘Wallet A’ that helped depeg UST
New research suggests that there’s a “good chance” Terra’s collapse was largely triggered by quant trading firm Jane Street. Igor Igamberdiev, head of research at crypto market maker Wintermute, belie...
Wallet Tied to Terra’s UST Depeg Identified to be Jane Street’s: Research
The implosion of Terra last summer still haunts the crypto industry. Numerous post-mortem reports have gone into detail about the wallets that contributed to the collapse while simultaneously adding c...
Jane Street wallet may have been linked to UST depeg, Wintermute researcher says
The wallet associated with last year’s TerraUSD (UST) depeg might belong to trading firm Jane Street, Wintermute Head of Research Igor Igamberdiev said in Twitter thread on Tuesday. Based ...
Crypto Exchange Coinbase Suspends Trading Of BUSD Stablecoin! Will BUSD Be The Next Depegged Stablecoin After UST?
As stablecoins are gaining a lot of attention, they have attracted the deadly eyes of regulatory bodies over whether they are being traded as security. Binance USD (BUSD), one such stablecoin that has...
Yield platform Stablegains sued for promoting UST: Finance Redefined
Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you significant developments over the last week. The backlash from the...
MakerDAO Endgame Tokenomics Attracts LUNA, UST Comparisons – Here’s Why
The monumental restructuring proposal by the MakerDAO co-founder continues to attract criticism. An excerpt from the MakerDAO Endgame tokenomics has caused a stir on crypto Twitter today, attracting c...
Investors Sue Crypto Yield Platform Stablegains For Falsely Promoting Terra UST
The crypto space is witnessing many lawsuits regarding losses of investors’ funds on different platforms. Most cases are related to the misuse and diversion of customers’ funds and the false promotion...
Stablegains sued for allegedly misleading investors on UST as a safe investment
Stablegains, a decentralized finance (DeFi) yield platform, is facing legal action in California for allegedly misleading investors and violating securities laws. Plaintiffs Alec and Artin Ohanian fil...
Lawsuit Filed Against Yield Platform ‘Stablegains’ Over UST Promotions
2 hours ago | 2 mins read Exchange News As per the plaintiffs UST is a security and Stablegains violated federal securities laws. Allegedly after the crash, Stablegains changed its website and advert...
Yield platform Stablegains sued for promoting UST as a ‘safe’ investment
Decentralized finance yield platform Stablegains has been sued in a Californian court for allegedly misleading investors and failing to comply with securities laws. On Feb. 18, plaintiffs Alec and Art...
Terra’s UST Peg Was Maintained Artificially, Not By Algorithm?
Terra’s indigenous stablecoin, the TerraUSD (UST), was once touted to be an engineering marvel in the blockchain sector. With its unique, dual token system–it behaved like any other stablecoin which t...
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...
SEC Sues Terraform Labs and Do Kwon for Crypto Fraud Involving UST and LUNA
On February 16th, the US Securities and Exchange Commission (SEC) accused Terraform Labs, the Singapore-based company behind the creation of LUNA and UST – native tokens of the Terra ecosystem – and i...
Cardano’s Stablecoin DJED Faces Same Fate As Luna’s UST?
On January 31, layer-one protocol COTI officially introduced DJED, the native stablecoin for the Cardano (ADA) network. The introduction of the Djed stablecoin is anticipated to increase the total val...
Neutrino USD (USDN) Loses Its $1 Peg, so Is It the Next UST?
Neutrino USD (USDN), a stablecoin of the Waves ecosystem, has lost its peg, currently trading at $0.85. What can be the reason? The crypto market is hovering around the fear of the collapse of yet ano...
Do Kwon asks if Genesis had provided $1B for SBF to attack UST
Terra founder Do Kwon questioned if Genesis Trading provided $1 billion UST to Sam Bankman-Fried and Alameda as “ammo for a peg attack.” I think the time has come for @GenesisTrading to reveal if they...
SBF Has One More Thing To Worry About: A US Attorney Inquiry
US federal prosecutors are reportedly investigating former FTX CEO Sam Bankman-Fried for his potential role in manipulating the price of two cryptocurrencies belonging to the now-defunct Terra ecosyst...
Federal Prosecutors Probe FTX Founder’s Role In UST Collapse
While the crypto market still hasn’t fully digested the insolvency of FTX, U.S. federal prosecutors are investigating whether FTX founder Sam Bankman-Fried played a role in the collapse of TerraUSD (U...
Terra Founder Accuses SBF Of Attacking UST Peg With $1B UST From Genesis
– Advertisement – Terra Founder Accuses SBF Of Attacking UST Peg As FTX CEO Faces Market Manipulation Investigations. TFL founder Do Kwon, emboldened by a New York Times article, has mad...
Japanese regulators recommend against algorithmic stablecoins in late response to UST
Japanese regulators advise against the adoption of algorithmic stablecoins in what appears to be a late response to the fall of TerraUSD (UST). Japanese financial regulator Financial Service Agency (F...
Terra’s Team Allegedly Destroyed UST by Itself: Expert
Vladislav Sopov Anonymous analyst Fat Man Terra yet again de-bunks Do Kwon’s narrative about an “attack” on the UST/LUNA system Contents UST peg was allegedly destroyed by Terraform ...
FatManTerra alleges Terraform Labs dumped $450M UST over 3 weeks before its collapse
FatManTerra alleged on Dec. 6 that the root cause of Terra’s UST implosion was Terraform Labs’ (TFL) dumping of over $450 million UST on the open market over three weeks before the ecosystem collapsed...
Daniel Shin To be Severely Fined for promoting $UST as Payment Method
Market News Co-founder of Terra Labs, Daniel Shin will face severe fines. Promotion of crashed $UST as payment methods on e-commerce platforms. The Financial Prosecutors may issue an arrest warrant ...
QNT price movement after Quant and UST partnership
Quant (QNT/USD), which is the cryptocurrency utilized as a means of powering Quant Network’s Overledger software solutions, and is finance-oriented, has partnered with UST, a leading digital transform...
LFG Audit Reveals Billions Spent On UST Peg
A third-party audit has revealed that the Luna Foundation Guard spent $2.8 billion to defend the peg of the algorithmic stablecoin TerraUSD (UST). Audit Findings Reported The audit was conducted by J...
Terra LUNA Spent $2.8 Billion Trying to Revive UST
A third-party audit report released by JS Held on Nov. 16 revealed that Luna Foundation Guard spent $2.8 billion after the UST de-peg to come out of the debacle. Notably, it has become clear that the ...
SolChicks Concealed $20 Million Losses in UST Collapse: Analyst
Vladislav Sopov On-chain researcher ZachXBT shares leaked messages of SolChicks team, project responds Contents How to lose $20 million: “Do you have a strategy for UST?” Business restruct...
SBF faces investor lawsuit in the US as Australia suspends FTX operations; LFG spent $2.8B on UST peg defense
The biggest news in the cryptoverse for Nov. 16 includes Gemini halting withdrawals on its Earn program, Coinbase saying it has zero exposure to Genesis Trading, and Messari estimating that FTX invest...