Genuine mistake or fraud? That's the question Terra's Do Kwon needs to answer

Do Kwon pleads his innocence on his twitter feed after latest reports condemn him for cashing out $2.7 billion. The Terraform Labs CEO is already facing an investigation from the SEC and South Korean The post Genuine mistake or fraud? That's the question Terra's Do Kwon needs to answer appeared first on AMBCrypto.

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Do Kwon denies fresh allegations of withdrawing $2.7B from Terra ecosystem via Degenbox

Do Kwon was recently accused of withdrawing $80 million a month from the Terra ecosystem leading up to the crash — fresh allegations claim this happened more than 33 times, and a staggering $2. 7 billion was taken out of the system through Degenbox by Abracadabra Money.

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Terra’s Do Kwon Denies Cashing Out $2.7 Billion

Terraform Labs CEO Do Kwon has attempted to set the record straight about the most recent rumors

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Do Kwon dismisses allegation of cashing out $2.7B from Terra (LUNA), UST

The rumor surfaced after a Twitter thread by @FatManTerra shared the alleged details on how Kwon, along with Terra influencers, managed to drain funds while artificially maintaining the liquidity.

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Crypto Community Reacts To News That Kwon Silently Cashed Out $80 Million Monthly Before Terra Implosion

In a shocking twist, the U.S. Securities and Exchange Commission (SEC) has reportedly uncovered evidence that shows Terraform Labs CEO Do Kwon was withdrawing $80 million worth of LUNA (now called Luna Classic) and TerraUSD every month in the lead-up to the collapse of the Terra ecosystem in May.

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SHIB Social Performance Spikes, SEC Investigates Terra, RippleNet’s General Manager Resigns: Crypto News Digest by U.Today

Check out the latest crypto news and updates in the industry with the U.Today news digest!

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Terra Founder Sent $80 Million in LUNA and UST to His Wallets Every Month: FXStreet

As per data allegedly shared by SEC, Do Kwon cashed out over $80 million in Terra's crypto on monthly basis before whole thing collapsed

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Japan Passes Landmark Law Around Stablecoins to Protect Investors After Terra Debacle

Even before any other country could come out with legislation to regulate stablecoins, Japan became the first significant economy to pass such a bill for investor protection. The post Japan Passes Landmark Law Around Stablecoins to Protect Investors After Terra Debacle appeared first on BeInCrypto.

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Report Reveals Terra Holders Liquidated Their Holding When Crash Started

The Terra LUNA crash last month sent many investors back in their returns. The crypto market generally crashed the previous month, but the 80% deep dive in Terra wasn’t funny. The panic by the investors to pull out of the crypto crash intensified the fall of many coins.

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Was Terra UST fiasco premeditated? Here's how large investors were able to escape unhurt

Latest report says large investors were able to get out earlier than the small investors during the Terra collapse. The report was published by Jump Crypto, a crypto market-making unit of Jump TradingThe post Was Terra UST fiasco premeditated? Here's how large investors were able to escape unhurt appeared first on AMBCrypto.

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Jump Crypto Breaks Silence on Terra Collapse

Retail investors were main victims of Terra collapse as whales rushed to cash out early

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South Korea Sets Out To Establish Virtual Assets Watchdog Next Month In Light Of Terra Collapse

The Terra meltdown earlier this month has sharpened South Korea's attention on crypto regulation.

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Хакер вывел $90 млн из протокола Mirror. Это обнаружили спустя семь месяцев

Работающий на базе Terra DeFi-протокол Mirror стал жертвой эксплойта на сумму более $90 млн. Его обнаружил аналитик FatMan, а подтвердили специалисты фирмы по кибербезопасности BlockSec. As pointed out by many followers (thanks very much), the attack transaction can be viewed on the ‘classic’ chain(https://t.

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SHIB Will Be Burned via Amazon, Elon Musk May Get in Trouble with SEC and DOGE, Terra Launches New Blockchain: Crypto News Digest by U.Today

What’s new in the world of crypto? Read U.Today’s news digest to find out!

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Exchanges back ‘Terra 2.0 revival plan’ via airdrops, listing, buyback and burning

MEXC Global has pledged to carry out a month-long buyback-and-burn to reduce the circulating supply of the old Terra markets.

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InsurAce says it will pay millions to claimants after Terra’s collapse

DeFi insurance protocol InsurAce took heat from the community for suddenly shortening its claims period for Terra-related insurance claims, but is already set to pay out $11 million to claimants.

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Coinbase Cloud Drops Terra, Vitalik Buterin Is Not a Billionaire Anymore, DOGE Co-Founder Makes Important Statement: Crypto News Digest by U.Today

What happened in the world of crypto over the weekend? Read U.Today’s news digest to find out!

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Terra Luna’s Founder, Do Kwon, Speaks Out About UST and LUNA

After two days of silence, Do Kwon, the founder of Terra Luna, took to Twitter to respond to various questions and accusations from the community, discussing multiple issues regarding his proposal to fork the Luna network and clarifying his whereabouts.

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CZ shares his thoughts on the crypto space following Terra’s collapse

Changpeng Zhao (CZ), the CEO of Binance, the largest crypto exchange by trading volume, has come out to share a few crypto lessons after the crash of TerraForm Labs’ LUNA and UST coins. The post CZ shares his thoughts on the crypto space following Terra’s collapse appeared first on CryptoSlate.

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Big Terra Investor Mike Novogratz Finally Speaks Out On UST/LUNA Disastrous Fallout

After an uncharacteristic silence of over a week, Galaxy Digital founder and CEO Mike Novogratz has finally given his take on the devastating fall of LUNA and UST.

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DEI Loses Peg Days After Terra’s Implosion, but Hong Kong Offers Way Out

The difficult patch for cryptocurrencies continues as Fantom’s DEI becomes the latest stablecoin to lose its peg to the U.S. dollar. The post DEI Loses Peg Days After Terra’s Implosion, but Hong Kong Offers Way Out appeared first on BeInCrypto.

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With UST's depegging 'LUNA-cy' out in the open, regulators begin to get jittery

“You get regulated!” “You get regulated!” “Everybody gets regulated!” The Terra LUNA crash that led to the bleeding cryptocurrency market of $830 billion in market value has led rThe post With UST's depegging 'LUNA-cy' out in the open, regulators begin to get jittery appeared first on AMBCrypto.

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Kwon Proposes Forking Terra, Nixing UST Stablecoin in ‘Revival Plan 2’

Do Kwon is out with his second attempt at a revival plan for the troubled blockchain.

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Terra Luna Officially Dead, Do Kwon Releases More Statements on Twitter

After a coordinated attack last week that de-pegged the TerraUSD stablecoin, LUNA was sent into freefall as more and more coins were being minted to attempt to re-stabilize UST. Unfortunately, this caused a vicious cycle that pushed LUNA’s price to worthless levels, effectively wiping out billions of dollars worth of Terra Luna value.

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Terra’s Do Kwon Lays Out Plan to Revive Embattled Network

Do Kwon has introduced his plan to revive the embattled cryptocurrency project

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Terra Blockchain Resumes Following 9-Hour Halt

The Terra blockchain has resumed activity following a halt of around nine hours while validators plotted a route out of its ongoing crisis.

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Crypto Exchange Gemini Responds To Rumors That It Orchestrated UST Crash

The Terra UST crash is no longer news to those in the space. However, the cause of the crash remains a largely speculated issue. Out of the speculations that have been making the rounds, the most popular has been the scandalous accusation that named the likes of BlackRock, Citadel, and crypto exchange Gemini.  The Charles […]

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As TerraUSD [UST] careens out of control, is Tether [USDT] headed the same way

When the market crashes, investors usually watch Bitcoin with frantic eyes - but everything is different this time. A Terra-fying saga is in progress, which saw Terra [LUNA] lose more than 95% of its The post As TerraUSD [UST] careens out of control, is Tether [USDT] headed the same way appeared first on AMBCrypto.

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Binance delists LUNA Perpetual Contracts

Binance Futures carried out automatic settlements on the coin-margined Perpetual Contracts of Terra (LUNA/USD) and delisted them today, the exchange posted on its website. To avoid automatic settlement, users were advised to close any open positions before the delisting.

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Why did Terra LUNA and UST crash? | Find out on The Market Report

On this week’s special episode of “The Market Report,” Cointelegraph’s resident experts discuss the Terra ecosystem meltdown.

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Terra Suffers Collapse, SHIB Large Transactions Surge 261%, El Salvador Made $1 Million on BTC Trading in 11 Hours: Crypto News Digest by U.Today

What happened in the world of crypto over the past day? Read U.Today’s news digest to find out!

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LUNA, UST postmortem: Was it a coordinated attack or a ponzi

Two days have passed since Terra’s UST got knocked off its dollar peg and it looks like any recovery attempts have failed. LUNA has turned out to be the unfortunate casualty of an unfortunate seriesThe post LUNA, UST postmortem: Was it a coordinated attack or a ponzi appeared first on AMBCrypto.

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Unraveling the after-effects of recent loss on LUNA's technicals

The native token LUNA of Terra's blockchain wiped out over $11 billion of investors' wealth in the last 24 hours. The coin is down by 71.1% from its ATH at the time of writing. The fright around UST lThe post Unraveling the after-effects of recent loss on LUNA's technicals appeared first on AMBCrypto.

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Terra’s LFG to lend OTC traders $1.5B in BTC, UST to support stablecoin peg

Luna Foundation Guard (LFG) said on May 9 that it will lend out $1. 5 billion worth of Bitcoin (BTC) and UST to defend the algorithmic stablecoin’s peg to the United States dollar. The post Terra’s LFG to lend OTC traders $1.

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How Terra Is Using Its Bitcoin Reserves To Keep UST Stable

Terra, through the Luna Guard Foundation (LFG), has been purchasing bitcoin to use as reserves for its UST stablecoin. This has gone well according to plan and out of the $10 billion worth of bitcoin founder Do Kwon said that the foundation would be buying for its reserves, more than $2.9 billion in BTC has […]

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SHIB Army Burns 405 Million SHIB, Bitcoin Collapse Explained, Terra Drops 14%: Crypto News Digest by U.Today

What news has the weekend brought? Read U.Today’s crypto news digest to find out!

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Lido Finance with $19.1B in TVL, Edges out Curve as the Largest DeFi Protocol

Summary: Lido Finance has surpassed Curve finance to become the largest DeFi protocol in terms of total value locked Approximately $19. 1 billion is locked on Lido Finance compared to Curve’s $19 billion Lido Finance is available on the blockchain networks of Ethereum, Solana, Terra, Kusama, and Polygon.

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Why Terra’s Anchor Protocol Changed Earn Rate To 18% APY

Anchor Protocol, one of the most popular platforms in the Terra ecosystem, rolled out a change in its Earn Rate. The latter will begin to operate in a semi-dynamic fashion rather than the previously fixed 20% annual percentage yield (APY).

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By The Numbers: Spotlight On LUNA’s Growing Bitcoin Reserves

The nonprofit organization focused on the Terra ecosystem Luna Foundation Guard (LFG) now holds almost 28,000 bitcoin, which translates to $1. 3 billion out of its $10 billion total target aimed to back TerraUSD (UST).

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Amid LUNA's trip to the moon and Terra's exploding TVL, watch out for this

Bullish investors were over the moon when Terra [LUNA] enjoyed a brisk rally that took it from $50 to over $100 in a matter of days. Even in its recent report about the asset, Messari tweeted that LUThe post Amid LUNA's trip to the moon and Terra's exploding TVL, watch out for this appeared first on AMBCrypto.

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Terra (UST) Buys $125 Million Worth of BTC out of $11.2 Billion Planned to Acquire in Three-Month Period

A series of large BTC purchases may greatly affect the market in the next few months, here's how

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Terra's UST Now Accepted in Retail: Check Out Demo

J Terminal by Jinkou becomes first platform to make UST stablecoin suitable for retail payments

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Terra’s LUNA Is Now The Largest Staked Crypto Asset After Edging Out Solana, Ether, and Cardano

LUNA jumped to the first position on Thursday, taking out Solana which has held onto the position since November 2021, days after surpassing Ethereum

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Terra World Token (TWD) Overview, Top Metaverse Crypto Coin on the Terra – Luna Ecosystem

Terra has been one of the top-performing crypto ecosystems in the past few weeks. LUNA almost doubled in price since February 20th, when it bottomed out at $49. All eyes are on the Terra – Luna ecosystem, and we’ve seen many Terra-based altcoins see significant price gains in the past week.

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Terra (LUNA) Dips Below the $50 Mark, Erasing More Than Half of 2021 Gains

Terra (LUNA) falls under $50, wiping out more than half of its profits for 2021

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Terra Luna suffers an 18% loss in 24hours

Terra Luna was born out of the need for market stability in the crypto…

The post Terra Luna suffers an 18% loss in 24hours appeared first on Coin Journal.

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Terra breaks out of a bullish pattern, but can it retest support before resuming rally

The price of Terra has followed Bitcoin's direction very closely in the past few days. Bitcoin bounced from the $40k area, and Terra had a strong move upward too. The day prior to press time, saw BitcThe post Terra breaks out of a bullish pattern, but can it retest support before resuming rally appeared first on AMBCrypto.

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SOL, AVAX, MATIC, LUNA, ADA: The Most Promising Layer 1 Blockchains To Watch Out For, According To Industry Experts

Ethereum’s dominance may face a significant threat from Solana, Cardano, Avalanche, Polygon, Terra. Solana’s faster transaction speed is rapidly making it a favorite NFT minting and trading destination.

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SOL, AVAX, LUNA, ADA: The Most Promising Layer 1 Blockchains To Watch Out For, According To Industry Experts

Ethereum’s dominance may face a significant threat from Solana, Cardano, Avalanche, Polygon, Terra. Solana’s faster transaction speed is rapidly making it a favorite NFT minting and trading destination.

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