Search Results for "terra"
DeFi Protocol to Enable Tokenized Stock Trading of Google, Amazon, and Tesla on Its Platform
Injective Protocol has partnered with Terra and Band Protocol to introduce stock trading on its platform.
Plan to Reboot Terra Ecosystem as Terra 2.0 Wins Approval
The proposal to revive the troubled Terra network as Terra 2.0 got the green light from the community. Nevertheless, the controversial algorithmic UST stablecoin will not be part of the rebirth.
The Bank for International Settlements
Industry executives and authorities have raised worries about crypto market structure after the 2022 meltdown.
SBF Suggests LUNA's Collapse Different to Theranos, but Questioning its Marketing Strategy
FTX Derivatives Exchange’s billionaire CEO Sam Bankman-Fried has faulted the marketing strategies of Terra blockchain to gain acceptance from the public.
Terra Co-Founders to Face Fraud Charges in South Korea
As reported by a local media site, Munhwa, an organized group of LUNA and UST investors is planning to file a legal complaint against Terra CEOs Do Kwon and Daniel Shin for alleged fraud.
Jane Street Accused of Insider Trading Before Terra UST Collapse
Jane Street faces allegations of using insider information via a private Telegram channel to unwind UST positions before Terra's 2022 collapse.
Ex-Hodlnaut CEO Charged With Fraud Over Terra (UST) Collapse
Singapore's former Hodlnaut CEO faces six fraud charges tied to misleading statements about the platform's exposure to the $45B Terra ecosystem crash.
Terra's Partnership with Washington Nationals Raises Eyebrows
Terra, the cryptocurrency ecosystem that collapsed in May 2022, made a prominent appearance at Nationals Park during the Washington Nationals' home opener on March 30. Despite Terra's collapse, a partnership between the company and the baseball team had been in effect since February 2022, with the Terra community committing $38.2 million over five years to secure the deal. Terra's founder, Do Kwon, is currently in police custody in Montenegro and is reportedly facing harsh conditions in the penal system.
Terra co-founder indicted for forging legal documents
The Prosecutor’s Office of the State of Podgorica has indicted former Terraform Labs co-founder Do Kwon for allegedly forging legal documents. Kwon was arrested in March after allegedly attempting to board a flight to Dubai with fake documents. Han Chang-jun, Terraform’s former CFO, is facing similar charges.
Terra Expands Stablecoin Reserve by Purchasing $100m worth of Avalanche Tokens
The Luna Foundation Guard (LFG), primarily focused on the Terra blockchain, expands its TerraUSD (UST) stablecoin reserve by purchasing $100 million worth of Avalanche tokens.
Proposal to Burn 1.3bn UST Tokens Wins Approval from Terra Governance
According to CoinGecko, the total number of tokens to be burnt equals more than 1.3 billion UST or around 11% of the existing 11.2 billion UST supply.
Ex-Terra Developer Somani Raises $15M for Startup
Neel Somani launched his Solana-based cross-chain modular rollup startup, Eclipse, following the collapse of TerraUSD.