TerraUSD
Tai Mo Shan’s TerraUSD Deception Turns Costly: SEC Imposes $123M Penalty
Deceptive practices surrounding TerraUSD (UST) have landed Tai Mo Shan Limited, a subsidiary of Jump Crypto Holdings LLC, in hot water with the SEC, resulting in a $123 million settlement....
Terraform Labs Announces Shutdown of Enterprise, Warp, and Station
Terraform Labs announced the possible shutdown of several key products and services by October 30, 2024. The company is talking with third parties to take over these offerings. If these...
Supreme Court Postpones Do Kwon’s Extradition to South Korea
The Supreme Court of Montenegro has postponed the extradition of Do Kwon, the co-founder of Terraform Labs, to South Korea. The decision comes after the Supreme State Prosecutor’s Office (VDT)...
Youthful Demography Fuels South Korea’s Crypto Boom
In a recent Bloomberg Crypto report, South Korean retail investors are credited with fueling the surge in local digital asset exchanges, predating the global crypto boom that pushed prices to...
Breaking: Chapter 11 or Exit Scam? The Murky Future of TerraUSD and Luna After Bankruptcy
Terraform Labs, the once-prominent crypto exchange whose collapse in 2022 triggered the protracted crypto winter, has recently filed for Chapter 11 bankruptcy in the US court. According to a filing...
U.S Justice Department Investigates TerraUSD Stablecoin Collapse
The United States Justice Department is investigating last year’s collapse of the TerraClassicUSD (USTD) stablecoin, which contributed to the sweep away of $40 billion in the Terra ecosystem. The investigation...
Crypto Analyst Shares Imbalances In The stETH Ecosystem
stETH has once again started to trade at a discount to Ethereum (ETH) itself. The stETH share of the Curve stETH/ETH pool has climbed up to 69%. stETH is currently...
Third-Party Audit Report Reveals Luna Foundation Defended UST Peg
JS Held releases Luna Foundation Guard and TerraForm Labs audit. Report suggests LFG used $2.8 billion to defend UST’s peg in May. TerraForm CEO Do Kwon says Terra crash should...
