#terra
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HectorDAO has filed for Chapter 15 bankruptcy in the U.S. Interpath Advisory, a firm specializing in insolvency cases, has pinpointed three primary causes for this outcome: the collapse of the Terra ecosystem, a breach in the Multichain protocol, and a subsequent theft from HectorDAO's treasury. Nassim Taleb: Author of the Bestseller "The Black Swan"
The bankruptcy of FTX, the Terra collapse, the coronavirus pandemic, and other unforeseen events that have shaken the crypto industry are often referred to as "Black Swans." This term, popularized by Nassim Taleb through his bestselling book, has become synonymous with rare, impactful events. 
The Appeals Court of Montenegro has revoked the decision to extradite Terra founder Do Kwon to the United States or South Korea. Now, for the subsequent extradition of the criminal, the case needs to be processed from the beginning through all the required procedures. 
After detecting phishing attempts, Terra (LUNA) has temporarily frozen its primary domain, Terra․money. The company's directive? Avoid sites with this domain until they say otherwise.
While the team has ramped up protection for the Station Wallet, a word of caution: avoid the desktop and mobile apps for a bit. But if you're a fan of the Station Chrome extension, the latest version is good to go. 
The U.S. Securities and Exchange Commission has received permission from a U.S. judge to request assistance from the South Korean government in questioning Daniel Shin, co-founder of Terraform Labs.
Officials plan to question Shin in connection with their own lawsuit against Do Kwon and to obtain documents related to Chai Corporation, a secondary company that was also used in the illegal scheme. 
What is TerraClassicUSD (USTC)? An overview of the project
TerraClassicUSD (USTC) is an algorithmic stablecoin of the Terra blockchain. The idea behind USTC was to tackle the scalability issues that plagued other stablecoins. However, USTC ultimately proved to be the downfall of the Terra ecosystem in May 2022. 
Updates on Compensation for Terra/LUNA Victims
In mid-2022, the Terra platform suffered a massive collapse, resulting in over $40 billion in losses for investors. Nearly two years later, clients and creditors are still awaiting compensation. Finally, there's been progress in the case, though investors continue to feel disheartened. 
The community of Terra Luna Classic has dismissed the USTC Repeg team's request for funding. Voting outcomes showed 45% in support, 43% objecting with veto power, and 11% rejected it outright.
Even though 11 of the 17 validators were in support, the proposal failed to gain traction with the general public. The request was for 285 million LUNC ($20,000) to refine an instrument for the USTC Incremental Repeg Buybacks & Staking Swaps algorithm. 
Arkham Intel Exchange has acknowledged two on-chain investigators with approximately 9,519 ARKM (valued at ~$5,000) for information on Do Kwon & Terra's wallet holdings.
This new data suggests a potential inconsistency in Terra's previous declaration of possessing a single Luna Foundation Guard wallet. Shin Hyun-sung Prepares for Court Battle
Shin Hyun-sung, Terra co-founder, has formed a substantial defense team of around 30 people in preparation for his trial. The team includes numerous lawyers, some of whom specialize in coin and capital market law. Park Hyung-cheol, the former anti-corruption secretary of the Blue House, is also part of the defense. What is Terra Luna Classic (LUNC)? Project overview
The Terra Luna Classic (LUNC) is the native token of the original Terra blockchain. The token gained notoriety not only for its initial growth after launch but also for its subsequent plummet, resulting in nearly a 100% loss in value during the TerraUSD (UST) collapse. 