Luna

The tipping point for the crypto markets was the collapse of TerraUSD (CRYPTO: UST). This stablecoin was supposed to remain at $1, however, Terra lost its peg to the U.S. dollar and fell sharply, bringing the rest of the crypto market down with it....

A new report claims that Do Kwon, Founder of TerraForm Labs and Terra (CRYPTO: LUNA), intentionally hiked Anchor Program’s interest from 3.6% to 20%, despite warnings. What Happened: Mr. B, a designer on Terra’s Anchor Protocol, disclosed to Korean media outlet JBTC, on June 6, that Do...

Terra’s (CRYPTO: LUNA) outspoken founder Do Kwon joked about a Tinder-style token earn mechanism as the ecosystem builders clashed over their share of fund allocation. What Happened: Terra Research Forum’s FatMan shared snapshots of “behind the scenes” conversations on Terra...

CEO of Binance Changpeng Zhao says that his company initially invested $3 million in the much-hyped Terra (CRYPTO: LUNA) project in 2018. In return, Binance received around 50 million LUNA.    But in a recent Twitter post, he indicated that Binance ultimately lost $1.6...

Recent data indicates that three thousand primary wallets, with multiple links to Terraform Labs, saw an outflow of over $6 billion prior to the de-peg of TerraUSD (CRYPTO: UST). This strategic exit prior to the extreme loss faced by retail investors brings numerous ethical and legal concerns...

Terraform Labs, the company behind Terra (CRYPTO: LUNA), has reportedly laundered $4.8 million through a South Korean shell company. What Happened: According to a report from South Korean publication KBS News, a former developer at Terraform Labs told the publication...

Research analysts at Nansen have identified seven whale wallets behind the Terra (CRYPTO: LUNA) death spiral in May. What Happened: According to an on-chain investigation from Nansen, a small number of players were able to identify vulnerabilities early into the TerraUSD (CRYPTO: UST) de-peg, which...

Terra’s (CRYPTO: LUNA) founder Do Kwon was reportedly aware of critical flaws in its algorithmic stablecoin TerraUSD’s (CRYPTO: UST) mechanism but pushed for the launch anyway. What Happened: According to a report from South Korean news outlet JTBC, authorities have summoned former...

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...

Terra (CRYPTO: LUNA) launched its new blockchain today, followed by an airdrop of new LUNA 2.0 tokens to users as part of a broader plan for revival.  The holders eligible for the LUNA airdrop can now view their wallet balances on the new chain. New Token Launched: Terra wrote on Twitter,...

Ethereum (CRYPTO: ETH) creator Vitalik Buterin doesn’t believe the entire category of pure-crypto stablecoins should be dismissed after the collapse of Terra’s (CRYPTO: LUNA) stablecoin TerraUSD (CRYPTO: UST). What Happened: In a recent blog evaluating the automated stablecoins, Buterin...

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...

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...

Binance Chain (CRYPTO: BNB) is looking to bring on board some important builders from the Terra (CRYPTO: LUNA) ecosystem. What Happened: Speaking to Cointelegraph on Thursday, BNB Chain’s investment director Gwendolyn Regina confirmed that a number of projects within the Terra ecosystem had...