Do Kwon

Terraform Labs (TFL) founder Do Kwon is reportedly working on another decentralized stablecoin for its new blockchain Terra 2.0 (CRYPTO: LUNA). What Happened: In a Twitter update on Sunday, Terra Research Forum’s FatMan said that a “verified insider” from TFL revealed that a new...

After shaking the cryptocurrency market to its core, the developers of the Terra (CRYPTO: LUNA) blockchain are set to launch the LUNA 2.0 token on Friday. What Happened: The new token will be launched on May 27, according to a tweet from crytpo exchange HitBTC. Dear Traders,@terra_money...

A video of Terra (CRYPTO: LUNA) founder Do Kwon describing a “kill switch” for Terraform Labs has resurfaced and is going viral on Twitter Inc (NYSE: TWTR)'s social media platform. What Happened: A large number of conspiracy theories and rumors involving Terraform Labs and founder...

The Seoul Metropolitan Police are looking to freeze the Luna Foundation Guard’s (LFG) company funds as the Terra (CRYPTO: LUNA) controversy continues to unfold. What Happened: According to a report from local media outlet Naver, the police’s cybercrime unit said it had requested all...

Terra (CRYPTO: LUNA) founder Do Kwon shared a burn wallet address with users over the weekend, only to later clarify that sending tokens to that address would amount to nothing. What Happened: In response to a request from a user on Twitter on May 21, Do Kwon shared a burn address – a wallet...

Terra (CRYPTO: LUNA) founder Do Kwon has refuted allegations that he has unfulfilled tax obligations in Korea and has said that dissolving operations in the country days before the TerraUSD (CRYPTO: UST) de-pegging event was “purely coincidental.” What Happened: Last week, reports...

Avalanche (CRYPTO: AVAX) is down 50% month-to-date as uncertainty builds up around the fate of tokens lying in Terra’s (CRYPTO: LUNA) reserves. What Happened: According to data from Benzinga Pro, AVAX dropped 18% from a high of $33.28 to a low of $27.72 on...

South Korea has revived the ‘Yeouido Grim Reaper’ financial crimes task force to investigate the collapse of Terra’s (CRYPTO: LUNA) stablecoin TerraUSD (CRYPTO: UST). What Happened: According to a report from local news publication SBS, the...

Terra (CRYPTO: LUNA) founder Do Kwon has reportedly been ordered to pay 100 billion won or $78 million in taxes by South Korea’s National Tax Service. What Happened: According to a report from local news outlet Naver, the country’s tax authorities found...

A vast majority of the Terra (CRYPTO: LUNA) community is opposed to forking the existing blockchain. What Happened: According to a snapshot of the Revival Plan V2 preliminary vote, 92% of the 5,410 voters were against forming a new blockchain – a suggested fix put forward by Terra...

South Korean lawmakers have reportedly summoned Terra (CRYPTO: LUNA) founder Do Kwon to appear before Congress and testify on the subject of TerraUSD’s (CRYPTO: UST) collapse. What Happened: According to a report from local publication Newspim,  Rep. Yoon Chang-hyeon of the People’...

A scammer is pretending to be Binance on YouTube and running a Bitcoin (CRYPTO: BTC) and Ethreum (CRYPTO: ETH) giveaway scam. What Happened: A link included in the YouTube video pitches the scam as the “Biggest Luna Foundation Giveaway” by Terra (LUNA) co-creator Do Kwon. ...

Terra (CRYPTO: LUNA) founder Do Kwon has proposed a blockchain hard fork to revive the project’s ecosystem. What Happened: In an announcement on Monday, Kwon put forward a governance proposal to fork Terra into a new chain without an algorithmic stablecoin....

The CEO of one of the largest cryptocurrency platforms shared his take on the collapse of Terra (CRYPTO: LUNA) and the stablecoin TerraUSD (CRYPTO: UST) associated with it. What Happened: In a Twitter Inc (NYSE: TWTR) thread, FTX co-founder and CEO Sam Bankman-Fried shared that “not all bad...

On-chain data shows that Terra’s (CRYPTO: LUNA) $3.5 billion Bitcoin (CRYPTO: BTC) reserves have been depleted entirely. What Happened: A report from blockchain analytics firm Elliptic followed the movement of Terra’s BTC reserve after the collapse of its stablecoin TerraUSD (CRYPTO:...