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How Terra Luna’s Crash Wiped Out $45 Billion
The curious minds at ColdFusion explain how Terra Luna’s collapse wiped out $45 billion in cryptocurrency investments almost ...
One of the major catalysts of the "Crypto Winter" that began in 2022 was the collapse of Terraform Labs's native token LUNA (Luna), and its "stablecoin" TerraUSD (UST) in May 2022. Nearly two years ...
The collapse of the Terra Luna stablecoin project reverberated throughout the world, causing some $60 billion to evaporate. But the longest shadow fell over Korea, where it remains today. CoinDesk's ...
A bankruptcy court in the U.S. has approved a settlement between Terraform Labs and the bankrupt hedge fund Three Arrows Capital (3AC) regarding a $1.3 billion claim tied to the 2022 collapse of the ...
The Sonic blockchain is working on the implementation of its yield-generating, algorithmic stablecoin despite fears over a potential collapse similar to the Terra-Luna meltdown that led to the ...
Feds allege that the Terraform Labs founder converted the bitcoin to cash and has withdrawn more than $100 million since June of last year. Reading time 3 minutes Do Kwon, the erstwhile CEO of ...
Terraform Labs founder Do Kwon transferred $7 million (KRW 9 billion) to a law firm in South Korea just before his company’s high-yielding stablecoin Terra and its companion token Luna collapsed last ...
Galaxy Digital has reached a $200 million settlement with the New York Attorney General (NYAG), following allegations the firm failed to disclose its financial interests while promoting the ...
The recent collapse of the Mantra (OM) token triggered comparisons to the infamous Terra ecosystem crash in May 2022, with some commentators referring to Mantra as the “next Terra.” Still, many in the ...
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