5 Major Trades Called For An Emergency Meeting Due To What Happened With Terra And UST
The Luna incident is to be investigated by a convocation of five CEOs from Korean exchanges, including Dang Jeong and Lee Seok-woo.
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.
Do Kwon Answers Various Questions Through Twitter
Do Kwon, known as the master of stablecoin Luna and the co-founder of Terraform Labs, answered some questions and criticism about himself and the Luna project
SEC Chairman Says Other Coins Will Do The Same As Terra
Gary Gensler, the chairman of the Securities and Exchange Commission (SEC), predicts more turmoil in the crypto market.
Terraform Labs CEO Do Kwon Could Be Charged With Ponzi Fraud
In a recent development, it has been established that the prosecutors could move to bring Ponzi fraud charges against the CEO of Terraform Labs, Do Kwon.
Avalanche Founder Says What Happened to Terra Could Be Equated to What Happened to MT.Gox
The cryptocurrency market witnessed a collapse of Terra LUNA and UST tokens in a short period of time. This crash shook the whole crypto ecosystem and
Terraform Labs To Cough Up $78M Penalty For Tax Evasion
Terraform Labs, the makers of Terra (LUNA) and TerraUSD (UST), is under investigation by South Korea’s National Tax Service on charges of evading corporate and income
Mike Novogratz Speaks After What Happened With Terra (LUNA)
Mike Novogratz, the founder and CEO of Galaxy Digital, published a letter to his company’s shareholders mainly talking about Luna and Terra. He’s the latest crypto
Terra Builder Alliance Shares A Proposal For The New Terra Chain 2.0.
Terra is undergoing some challenging times since both of its tokens, LUNA and UST crashed pretty hard. However, since its crash, the network is finding ways
The United States CRS and the South Korean Political Affairs Commission Want to Clarify What Happened to Terra and UST
According to a report by the Congressional Research Service in the United States and the Political Affairs Committee of South Korea, TerraUSD is the subject of
Luna Foundation Guard Talks About the Status of Their Reserves and How to Compensate for the Losses of Users
Over the past ten days, Terra has remained in the headlines for all the wrong reasons. The crashing of LUNA and UST, along with the halting
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