LUNA

Prosecutors want to examine seized materials, question witnesses and determine whether TerraUSD’s crash was intentional

With founder Do Kwon reportedly in Singapore, South Korean prosecutors don’t want any more Terraform Labs employees leaving the country

One month on from Terra ecosystem implosion, only one cryptoasset in the top 100 is in the green

In Seoul, financial and securities crime investigators have reportedly subpoenaed all employees of Terraform Labs, the crypto startup behind failed algorithmic stablecoin UST

Terra has revamped its blockchain ecosystem with its latest LUNA token having experienced a battering amid its market debut

A governance vote for “rebirth” has ended, but the next chapter of Terra has yet to be written

Over 280 million LUNA have been sent to an address which permanently removes it from circulation, a process also known as burning

The latest governance maneuver from Do Kwon is set to pass, with the original chain’s native asset to become “Luna Classic”

Some ecosystem participants have already published proposals on where to go from here

The validator community remains engaged, but LUNA and UST in their current forms appear to be finished