Do Kwon Cashed Out Millions of Dollars Before Terra’s Crashing
Terraform Lab’s CEO, Do Kwon, is now in trouble over the allegations of cashing out Millions of Dollars before LUNA’s collapse. Previously, the US Securities and the
LUNA News (Latest Publications)
Terra (LUNA) was a cryptocurrency developed by Do Kwon and his company Terra Labs. With this, they intended to create an ecosystem for DeFi applications powered by LUNA and its algorithmic stablecoin UST.
However, in May 2022, LUNA lost 99.99% of its value when UST decoupled from the value of the dollar, losing investor confidence and being accused of being a fraud. In fact, Do Kwon currently has an international arrest warrant and is wanted by authorities.
LUNA was renamed LUNC (LUNA Classic) in an attempt to revive the project, although it was never able to return to its former glory.
In this section, you will find all the news about LUNA and LUNC, which still has many investors who support it.
Terra’s Mirror Protocol Suffers Another Exploit
DeFi application, Mirror Protocol, has suffered another attack draining over $2 million. Cyber criminals depleted four synthetic asset pools from the protocol, with the potential to
South Korea Launches Investigation Against Terra CEO
The Prosecutors Office of South Korea has recently begun a fierce crackdown against Terraform Labs, and its CEO, DO Kwon. All employees have also been issued
TERRA 2.0 Launch Arrives With a 70% Drop
LUNA 2.0 has failed to live up to the expectations that were set from the beginning. Terra (LUNA) was able to announce on Saturday morning that
Terra Community To Burn 1B UST In Order To Restore UST Dollar Peg
The Terra community has just passed a governance vote to burn 1.388 billion UST tokens from the project’s community pool and UST deployed for past liquidity
Terra 2.0 Will Go Live on May 28th, 2022 at Around 06:00 AM UTC
On May 27, LUNA 2.0 was scheduled to be distributed through a public airdrop. There has been an announcement from Terraform Labs, however, that it will
Is Mirror Protocol a Farce?
According to a Terra analyst, the synthetic asset trading protocol, ‘Mirror Protocol’, is a scam set up by Do Kwon to be a part of the
These Exchanges Will Support the Migration and Airdrop for Luna and UST
There will be a migration and airdrop for LUNA and UST to help the community, and many exchanges will support it. Huobi, Bybit, and KuCoin have
Terra 2 Mainnet Goes Live On May 27th, Here’s What You Need To Know
Terra validator, Orbital Command, revealed a plan of action to revive the totaled Terra ecosystem by launching a brand new genesis blockchain- ‘Terra 2’.
Terra’s Proposal 1299 Approved but Not Executed Due to Technical Problems
There was a 95% Yes vote on the proposal 1299 to (re)enable IBC over the weekend in the Terra ecosystem, whereas there was a 0.01% No
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