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The collapse of the much-hyped cryptocurrencies of the Terra ecosystem devastated many investors, but not the investment firms that cashed out right before it all came crashing down. There are…
According to a recent announcement from the Terra blockchain team, the community voted and passed a proposal that plans to launch a new genesis version of the Terra blockchain without…
The unknown person visiting Terraform Labs’ founder, Do Kwon, has been identified and later arrested. According to a BBC News report, an AfreecaTV streamer who goes by “Chancers” was the…
Crypto exchange Bybit collaborated with blockchain analytics platform Nansen to publish another monthly report on the state of the crypto industry. It focused on the broader market condition, DeFi activities,…
South Korean police are reportedly looking to freeze assets associated with the non-profit organization Luna Foundation Guard (LFG) following the eventful collapse of Terra (LUNA). According to South Korea’s national…
According to Kristalina Georgieva – the Managing Director of the International Monetary Fund (IMF) – the recent fiasco with LUNA and UST should not become a reason for people to…
The South Korean police have reportedly launched an investigation into possible embezzlement involving an employee of Terraform Labs. To prevent fund transfers, the police have requested crypto exchanges to freeze…
Earlier this month, the crypto industry suffered a huge setback after Terra’s algorithmic stablecoin UST depegged from the US dollar and caused LUNA to lose 99.9% of its value. Shortly…
The cataclysmic fall of the Terra ecosystem last week wiped nearly $40 billion off the cryptocurrency market, leaving UST and LUNA investors (both retail and investment firms) in severe losses.…
As the stormy waters recede from this month’s crypto market bloodbath, one blockchain network has been washed ashore dead: Terra. The network’s co-founder, Do Kwon, has forfeited any attempt at…