Terra
Prosecutors Raid Crypto Exchanges amid Terra Probe: Report
South Korean regulators have reportedly raided entities that are connected with Terraform Labs as another effort in the ongoing investigation of the case.
Do Kwon Denies Allegations of Cashing Out $2.7Bn through DegenBox
According to a Twitter user, FatMan Terra, Do Kwon allegedly used the Abracadabra protocol, DegenBox to siphon as much as $2.7 billion from the UST and Terra coffers months leading to the eventual collapse of the Layer-1 protocol.
Venture Capital Firms Reportedly Cashed Out in advance before LUNA Crash
The collapse of Terra Classic (LUNC) - the name of the old Terra chain and token - may come as a shock to many, but quite a number of venture capital firms or backers cashed out before the protocol was attacked.
ChangeNOW Supports LUNA 2.0 and LUNC
Instant crypto exchange service ChangeNOW allows for swapping LUNA – the coin of the new Terra 2.0 blockchain, as well as LUNC, the old mainnet’s token.
LUNA 2.0 Debut Experiences Hiccups as Price Plummets, Will Trust Remain Robust?
After Terra 2.0 successfully went live on May 28, LUNA 2.0 has been on a rocky start based on a sharp price decline.
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.
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.
IMF Chief Warns of Terra Crash, Calls it as Pyramid Scheme
In response to the recent crash of the LUNA collapse, the International Monetary Fund (IMF) Managing Director Kristalina Georgieva questioned the risk of stablecoins, calling it a ‘Pyramid’ scheme.
The Luna Crash Might Have Been Intentional. Here Is Why
Despite the fact that there is no direct evidence of who was responsible for the crash or if it was in fact intentional, it is clear that someone made a killing when it happened, while ordinary traders and retail investors suffered losses that were extremely severe.
Despite Risky Nature, ECB Claims Crypto Demand is Increasing
The European Central Bank (ECB) has released a new report in which it submitted that there is a growing demand for crypto assets despite their overall volatility and risky nature