#terra
40 articles found
Latest
Singapore police launch an investigation into Terraform Labs
Do Kwon, who had seemingly disappeared from public view, left behind a significant problem that has continued to affect the crypto market for almost a year. The collapse of his main creations, the Terra USD stablecoin and its ecosystem, has had far-reaching consequences. 
Almost immediately after Bankman-Fried was released on a $250 million bail, wallet activity started. Additionally, there are persistent online rumors that he is currently not in his parents' home wearing an electronic bracelet on his leg but rather somewhere in the Alameda office.
The public came to the conclusion that Curly-haired Sam was preparing a daring escape and gathering the cryptocurrency to bribe the regulators. Furthermore, similar emptying of the company's wallets was observed when Terra CEO Do Kwon vanished (by the way, where is Do Kwon now?)
And here's a rhetorical question: why did the regulators seize FTX accounts but not Alameda’s? Everyone can see that these two businesses are related because the same person managed (or, to be more precise, damaged) both of them. 
Crypto scam for the sake of good: FatMan Terra fake scheme blew up social media
While financial regulators in various countries struggle to protect investors, they continue to invest gullibly even in no-name projects. The recent experiment of crypto researcher FatMan Terra is an eloquent demonstration. 
Hedge funds vs. Tether: traders are actively shorting USDT after the collapse of UST
The Terra USD crash did not go unnoticed for other stablecoins pegged to the US dollar. Thus, hedge funds oriented to the cryptocurrency market are seeking to intensify the sale of Tether. The total amount of available offers is hundreds of millions of dollars. 
The LUNC community is having a vote (https://atomscan.com/terra/votes/11324) we all deserve. Namely: a proposal to re-peg the USTC stablecoin to $1.
Better yet, the decision has almost been made. Following the news, USTC increased by 60% in just 10 hours, and the internal token LUNC caught up and rose by 20%.
Hey, why stop at $1? Don’t you think that $10-$15 sounds juicier? After all, you’re the only ones in the "moon" market, so you probably won’t face any issues with interest either. 
Is Do Kwon on the run?
One of the most resonant events that happened in 2022 was the catastrophic fall of Luna and TerraUSD. It is therefore no surprise that the founder of the Terra blockchain ecosystem began to be suspected of fraud. Seoul has issued an arrest warrant for Do Kwon, as a result of a joint US-South Korean investigation. 
Anchor Protocol - the DeFi project from the founders of Terra
An analysis of the fateful Anchor Protocol project developed by the founders of the failed blockchain. How did the protocol attract investors, how did it affect the growth of UST and LUNA? Most importantly: why did the Anchor Protocol lead to Terra’s collapse? 
