Terraform Labs Has Paid in Full its Taxes in South Korea, Says Do Kwon
A lot has been said about Do Kwon, his cryptocurrency project, and the failure of the two native digital assets in the past two weeks. One of them included owning…
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Terra Under Heat After Amending Proposal Mid-Vote
Currently, the market is experiencing one of the most painful weeks this year, and it was exacerbated by Terra’s crash. While Terra’s ecosystem boss, Do Kwon, has been putting forward…
Avalanche Founder Compares LUNA’s Collapse to Mt. Gox
The collapse of Terra’s ecosystem – more specifically, the depeg of UST and the subsequent crash of LUNA – are undoubtedly crypto’s hottest story in 2022 and perhaps even beyond.…
Bitcoin Correlation to Wall Street Persists, Market Calms Down Following Terra Demise: This Week’s Crypto Recap
In the wake of Terra’s devastating collapse, the cryptocurrency market is taking a shot at recovery. In the past seven days, the total capitalization is up to $1.350 trillion, gaining…
SEC Chair Predicts Other Cryptocurrencies Will Mimic Terra’s Downfall and Harm Investors
The Chairman of the United States Securities and Exchange Commission (SEC) – Gary Gensler – opined the turbulence in the digital asset market has not ceased with Terra’s fiasco. He…
South Korea Slams Terra’s Do Kwon With $78M Fine for Tax Evasion: Report
South Korea’s National Tax Service has reportedly ordered Terraform Labs, its co-founder Do Kwon, and other executives to pay a 100 billion won ($78 million) fine for tax evasion penalties.…
Terraform Labs’ Legal Team Resigns Despite Frantic Rescue Attempts (Report)
Reports suggest that the Singapore-based company’s legal functions are now being managed by outside counsel. Shortly after the collapse of its flagship stablecoin UST, the legal team behind handling the…
Mike Novogratz Breaks Silence on Terra’s Collapse
Mike Novogratz – billionaire investor and CEO of Galaxy Digital – has issued a statement addressing the recent meltdown of the Terra ecosystem. He highlights lessons he’s learned from the…
Terra Co-Founders Face Lawsuit from Korean UST and LUNA Investors
In the aftermath of Terra’s collapse, co-founder Do Kwon now faces legal pressure from affected Korean investors. They’ve filed both criminal and civil lawsuits, alongside an order to seize Kwon’s…
In Light of UST and LUNA Crash: G7 Countries to Discuss Crypto Regulations (Report)
François Villeroy de Galhau – Governor of the Bank of France – reportedly said that Terra’s fiasco and the recent crash of the crypto market should serve as a “wake-up…
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