Tag: terra luna news

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Do Kwon is suspected of stealing $80 million per month from the stalled Terra project

A Twitter handle with 1.1 million followers, @WatcherGuru, had claimed that Do Kwon had been removing $80 million per month before the LUNA/UST catastrophe,...

TerraUSD disaster will be the demise of other algorithmic stable coins as well: Tether co-founder

Stablecoins are cryptocurrencies linked to a physical asset and pegged 1:1 to the US dollar. TerraUSD, sometimes known as UST, is an algorithmic stablecoin...

South Korea to Organize Crypto Oversight Community Ahead of the Terra Collapse

The catastrophic collapse of Terra stablecoins and the overall Terra ecosystem has led to the development of a supervision and control committee for cryptocurrencies...

Terra’s new LUNA Rallies more than 50 % after a shaky start

Binance distributed its first batch of tokens to LUNC and USTC holders, propelling LUNA to a 53 percent gain today. The LUNA token was...

User Exploits an Anchor Protocol Bug to Cash an Easy $800,000

It’s been only two days since Terra (LUNA) 2.0 launched, and a user already found the opportunity to make a quick $800,000 from a...

Activities of Celsius Network Sets off UST Collapse in Part, Says Researcher

The collapse of UST, TerraUSD stablecoin had sent shockwaves throughout the crypto market. And as per researcher Nansen, it cannot be attributed to a...

Crypto Exchanges Extend Support to Terra by Listing New LUNA Token

HitBTC cryptocurrency exchange took to Twitter on Wednesday to state that Terraform Labs’ new token LUNA 2.0 will be available on its platform. The...

Nox Bitcoin to Refund Luna and UST Investors at a $1 Rate With Tether’s USDT

Finally, there’s some good news for the crypto community, especially for investors who invested in Terra LUNA and TerraUSD/ UST. The catastrophic collapse of...

Court Documents Reveal Do Kwon Liquidated Terraform Labs Before the LUNA Crash

The harrowing story of the crash of the Terra LUNA and TerraUSD (UST) stablecoins — referred to by a few as the Lehman Brothers...

Terra was a Poorly-Designed “Castle of Cards”, Tether CTO Says

Paolo Ardoino, CTO at Tether and Bitfinex, said that the Terra LUNA stablecoin was not supposed to be a trifle, but was just a...

South Korean Authorities File $78.5 Mn Lawsuit Against Terraform Labs

Terraform Labs, the parent company of stablecoins, Terra LUNA and TerraUSD/UST, is under severe scrutiny by the South Korean National Tax Service for tax...

Did Stablegains lose $ 42 million of user funds in UST?

A Twitter user FatmanTerra has revealed that a DeFi firm promised its users in its terms that they would invest their money in stablecoins...