terra luna

In a significant development, Terraform Labs agreed to a civil settlement of $4.47 Billion with the Securities and Exchange Commission after being found guilty of defrauding cryptocurrency investors during the infamous Terra (CRYPTO: LUNA) implosion in 2022. What Happened: A jury found Terraform...

As part of “Crypto Opinion with Mike Ermolaev”, an ongoing series that interviews prominent figures in the crypto scene, Mike sat down with CTO of Tether Paolo Ardoino to discuss the world’s largest stablecoin's resilience throughout 2022, Tether's charity work, and its...

Key creditors of the Singapore-based crypto lender Hodlnaut Pte have rejected a proposed restructuring plan and instead want to liquidate the company, according to a Jan. 11 filing by Hodlnaut’s court-appointed interim judicial managers, Bloomberg reported. The creditors believed their...

As 2022 draws to a close, it is clear that decentralized crypto exchange’s native token GMX (CRYPTO: GMX) is the biggest gainer, surging over 102% and trading at $45, as per Benzinga Pro data. What Happened: Apex crypto Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH) and Dogecoin (CRYPTO:...

The collapse of cryptocurrency exchange FTX (CRYPTO: FTT) has not been the biggest concern for investors this year. Recall the de-pegging of Terra’s (CRYPTO: USTC) token and the collapse a few weeks later of Celsius and Three Arrows Capital (3AC) — investors suffered much bigger losses...

Terraform Labs founder Do Kwon has been accused by South Korean prosecutors of allegedly instructing one of his employees to manipulate the price of Luna Classic (CRYPTO: LUNC), formerly Terra (LUNA) token. The prosecutors used messenger interactions between Kwon and his...

Beleaguered cryptocurrency lender Hodlnaut had downplayed its exposure to the Terra ecosystem and its sister token Luna (CRYPTO: LUNC) created by fugitive Do Kwon in the run-up to and after its crash and had suffered a nearly $190 million loss as it collapsed, according to the findings of an...

South Korean authorities have apprehended the first suspect in the collapse of the Terra blockchain ecosystem. On Oct. 6, reports of Yoo Mo's arrest as the leader of Terraform Labs' business team surfaced in the Korean media. Later, district prosecutor Choi Sung-kook verified the reports to...