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...
In an interview with Laura Shin, founder of Terra Luna Crypto, Do Kwon revealed reasons why he is not disclosing his real location in the media. Do Kwon further shared opinions on his arrogant alter ego persona on Twitter. Kwon later shared how he got carried away while posting things...
Celsius Network has pulled out over $500 million from Anchor Protocol. Anchor Protocol is a lending and borrowing protocol on the Terra network, which is currently experiencing an exodus of funds. Both LUNA and UST continue to crash as stakeholders attempt a rescue. The Terra network is seeing the exodus...
Summary: CoinShares has released its 2021 Financial Annual Report. In the report, CoinShares CEO has stated that the company suffered a £17 million ($21.45 million) loss from its DeFi activities related to UST. CoinShares CEO has defined the loss as a humbling lesson for himself and the team. He also...
Key takeaways: Four crypto analysts believe that the new Terra (LUNA) faces a bleak future in the crypto industry and markets. The newly launched Terra (LUNA) digital asset faces a bleak and uncertain future. According to a report by the team at Bloomberg, the new Terra (LUNA) token has ‘no...
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...
Summary: The Curve Finance community has released a proposal to remove UST pool gauges. The proposal argues that CRV should not incentivize UST pools as it will create a negative loop for CRV. There are six days left to vote for the proposal, and 100% of the Curve Finance community...
Summary: CZ has clarified via Twitter that Binance did not invest $300 million in Terra (LUNA) He was responding to a comment by Larry Cermak that Binance led Terra’s seed round in 2019 and 2021 Larry Cermak also implied that Binance had invested the said $300m, and it explained why...
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...
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...
