Do Kwon Breaks Silence: 'Terra-Luna...Was Essentially My Life'
By / August 15, 2022, 7:09 am EDT

… close to $100 billion.”

“I’ve never thought about what could happen to me if this fails,” Kwon said.

The Terra creator said there was likely an insider at Terraform Labs who took advantage of information on the protocol’s vulnerabilities …

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Collapsed Terra Ecosystem Launching DAO Infrastructure
By / July 29, 2022, 7:11 pm EDT

… DAOs on Terra
The Enterprise Protocol is one of the first Terra-built projects following the ecosystem’s collapse

The Terra collapse triggered a $2 trillion crypto crash earlier this year. Now, Terraform Labs is plotting a comeback.

On Friday, Terra

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Class-Action Suit Accuses TerraForm Labs of Deceiving Investors
By / July 25, 2022, 11:37 am EDT

Suit claims that Terra leaders Do Kwon, Nicholas Platias and others conducted business “through a pattern of racketeering activity”
TerraForm Labs failed to register TerraUSD (UST), Terra (LUNA) and other tokens, the complaint says

Law firm Bragar Eagel & Squire has launched …

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7 South Korean Crypto Exchanges Raided In Connection with TerraUSD Crash: Report
By / July 21, 2022, 1:00 pm EDT

… authorities to check whether he evaded taxes

Cryptocurrency exchanges in South Korea are being searched for links to the infamous Terraform Labs, the organization behind the Terra ecosystem in the wake of its stablecoin crash.

Yonhap News reported seven local exchanges …

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How Cryptoasset Markets Have Changed Since Terra Crash
By / June 9, 2022, 6:00 am EDT

Terra’s UST’s fate hasn’t deterred traders from experimenting with TRON-powered algorithmic stablecoin USDD
Bitcoin dominance has risen 15% to almost half of the entire crypto market

It’s been a month since Terra’s algorithmic stablecoin UST …

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After TerraUSD’s Collapse, Will DAI Expand Into Cosmos?
By / June 8, 2022, 1:41 pm EDT

… CEO of Umee wants MakerDAO to adopt ATOM as a collateral asset to mint DAI

In the wake of the TerraUSD (UST) collapse, the Cosmos ecosystem has increasingly looked to onboard alternatives to meet stablecoin demand, such as bridged DAI and …

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Terra Collapse Sparks Stablecoin Regulation in the UK
By / May 31, 2022, 2:06 pm EDT

… in motion

UK regulators are concerned about the risks stablecoins pose to the wider financial system after the collapse of TerraUSD, an algorithmic stablecoin that lost its 1:1 peg to the US dollar earlier this month, plummeting to less than …

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All Terraform Labs Staff Subpoenaed as Investigations Ramp Up, Report
By / May 30, 2022, 8:47 am EDT

… filed a formal complaint against founder Do Kwon and co-founder Shin Hyun-seong

Investigations into South Korean crypto startup Terraform Labs – the firm behind failed stablecoin ecosystem Terra – are ramping up.

Led by its joint financial and securities crime investigation …

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Terra's Forked LUNA Token Falls 70% a Day After Debut
By / May 30, 2022, 4:33 am EDT

… dropped by more than half as activity from an extensive sell-off begins to cool

The latest iteration of the Terra blockchain (Terra 2.0) is off to a rocky start with its native token LUNA having fallen considerably following the …

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Congress Mulling Stablecoin Regulation After Terra Crash
By / May 24, 2022, 1:45 pm EDT

… had de-pegged from the dollar. It was down to about 7 cents at 1:00 pm ET on Tuesday. Terra’s LUNA token is at a fraction of a cent.

Castle Island Ventures co-founder Nic Carter described Terra’s …

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