Summary: Terra’s Do Kwon has introduced three amendments to proposal 1623 to fork the chain. The amendments were introduced as the Terra community was still voting on the original proposal. Do Kwon states that the amendments were added to accommodate community feedback. The introduction of amendments during an ongoing vote...
Luna Foundation Guard has denied that it has moved any cryptocurrencies linked to Terra or Do Kwon. South Korean prosecutors have asked OKX and KuCoin to freeze over 3,300 BTC linked to Kwon. Meanwhile, the location of Kwon is unknown. The Luna Foundation Guard has denied all allegations that it...
A Bloomberg report citing South Korean prosecutors assert that Do Kwon might be evading the investigation launched against him The Terra founder is not in Singapore as presumed earlier, raising questions on whether Do Kwon is allegedly on a run to evade legal probes initiated against him. South Korean prosecutors...
Quick take: The Luna Foundation Guard (LFG) has announced an elaborate plan to protect UST from depegging The plan involves loaning $750 million worth of Bitcoin to OTC trading firms the help protect the UST peg LFG will also loan 750 million to accumulate BTC as market conditions stabilize The...
A Delaware-based investment firm is being accused of exploiting nearly 4,878 users. The firm is being called out on Twitter for losing nearly $42 million worth of users’ funds. A Delaware-based investment company Stablegains has been accused of allegedly exploiting its customers amidst the massive UST collapse. The company is...
Summary: In a recent AMA, Binance CEO was asked whether he would consider taking over from Do Kwon at LUNA and bailing out UST. CZ responded by stating he was humbled by the request, but such a scenario was unlikely given that he is ‘pretty busy already.’ CZ also clarified...
Summary: Crypto and NFT projects that once called Terra home have started to migrate to the Polygon Network (MATIC). According to Polygon Studios CEO, 48 projects have started the migration, including the OnePlanet NFT marketplace and Derby Stars metaverse game. In late May, Polygon Studios CEO announced an uncapped migration...
South Korean authorities demand that crypto company executives testify in a Terra inquiry but witnesses dodge appearing due to mental condition concerns.
Lawyers representing Do Kwon have requested a New York Judge to dismiss the securities fraud lawsuit filed by the SEC. The lawyers argued that there were no securities involved in the matter.
Summary: The Brazilian Crypto Exchange of Nox Bitcoin has announced that it will refund all UST Holders’ losses with USDT. Nox Bitcoin has set aside BRL 620,000 or approximately $127k for the refunds. Additionally, during the UST depegging, OKX was the only crypto-exchange to notify its users of the potential...
