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US public prosecutors are allegedly examining if the fall of Terra is partially a result of market alteration strategies by the preceding FTX chair Sam Bankman-Fried. As revealed by a December 7 statement from the New York Times, national prosecutors are in the process of ascertaining if Bankman-Fried’s exchange
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According to news from the South Korean region, the nation’s prosecutor have secured proof that underlines that Terraform Labs co-owner Do Kwon had instructed a worker to alter the market trade value of Luna Classic (LUNC). On Nov 3, Korean Broadcasting System (KBS) cited a release from the national
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South Korean authorities have asked Interpol to issue a red notice for Terra’s co-founder, Do Kwon as his current location remains unknown. The report by Financial Times comes barely 48 hours after Do Kwon said he wasn’t on the run, adding that his company will defend itself in
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Do Kwon, the co-founder of Terra has said he is not ‘on the run.’ This comes after South Korean prosecutors issued an arrest warrant for Kwon, the brain behind the Terra ecosystem which crashed in May. While the authorities had asked the finance ministry to nullify his passport, they also
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Blockchain protocol Terra’s members of staff have reportedly been banned from leaving the South Korean nation due to a legal departure prohibition imposed on major innovators of the project. According to Korea JTBC's Monday news, an investigatory division of the Seoul South Area Attorney's Office
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The legal team of Terraform Labs have resigned following the infamous 99.9% crash of LUNA, the native token of the Terra blockchain and de-pegging of UST, Terra’s stablecoin. The Block had reported that the council members all stopped working this month as suggested by their LinkedIn profiles. Those
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It has been a week of free fall for LUNA, the native token of the Terra network, as it lost up to 99.7% of its value. The coin is down from $62 at the beginning of the week and $120 in mid-April. This change in market dynamics has also
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The recent de-pegging of TerraUSD (UST) from the dollar raised eyebrows among investors in the crypto community, with many questioning the stability of algorithmic stablecoins. The price UST fell to 22 cents up from $1.00 amid massive sell-offs. Similarly, Terra’s native token LUNA lost up to 99% of
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TerraUSD (UST) stablecoin, over the weekend, slightly lost its dollar peg and fell to $0.98 as against the usual $1.00. It, however, bounced back on Sunday. Similarly, its native token (LUNA) plunged by almost 20% after its co-founder Do Kwon launched an FUD - fear, uncertainty and doubt-
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Terra’s LUNA has emerged one of the biggest gainers in the cryptocurrency market after its price surged 17% in the past 24 hours. LUNA traded as high as $92.07 in the Asian hours of Tuesday. LUNA, the governance token of money market protocol Terra, pushed past the $80-$