Terra, Do Kwon, and several associated entities are facing a new lawsuit, with complaints similar to previous lawsuits. The lawsuit has been filed against several entities associated with the Terra ecosystem. Meanwhile, authorities in South Korea are conducting a thorough investigation of Terraform. Terra’s legal woes continue to mount as...
South Korean authorities have raided the home of Terraform Labs co-founder Daniel Shin. Officials also recently sent prosecutors and investigators to seven cryptocurrency exchanges in connection with the case. The Terraform Labs investigation is ramping up, but it is far from over. South Korean officials have taken another step forward...
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...
It is reported that 26.7 billion of customer assets were forcibly liquidated during the Luna crash. Uprise is considering compensation for affected customers. Uprise previously attracted 24 billion in it’s Series C round investment, with Koran investors such as Kakao Ventures and KTB Network backing the company. This is not...
Anonymous has uploaded a new video that targets Terra Form labs founder Do Kwon Anonymous group has pledged to expose Do Kwon’s crimes and bring him to justice as soon as possible. Popular hacktivist group Anonymous is back again and has uploaded a new video that pledges to expose Do...
Summary: Do Kwon told the Wall Street Journal that he lost nearly all his net worth in the LUNA, UST collapse. He added that the losses do not bother him since he lives a very frugal life. He also explained that he was devastated by the recent events surrounding LUNA...
Summary: Do Kwon, TerraForm Labs, and initial financial backers of LUNA and UST have been sued in a Californian court for carrying out an unregistered securities offering and misleading investors. The additional defendants in the lawsuit include Terra’s backers of Jump Crypto, Jump Trading LLC, Republic Capital, Republic Maximal LLC,...
Key takeaways: Terra community member Fatman has found loopholes in a report claiming that TerraForm labs caused UST’s depegging event in early May. According to Fatman, the Terra wallet cited in the report does not belong to the Terra Classic DAO. He also requests the publishers of the report to...
Summary: Terra Community member Fatman has suggested that Do Kwon owns a mystery wallet with a 20 million LUNA airdrop. According to Fatman, the Terra wallet is used by Do Kwon to sway voting of proposals in the community. Terra community member Fatman has suggested that the project’s founder, Do...
Summary: Terra’s Do Kwon has refuted claims that he cashed out $2.7 Billion from the project before LUNA’s and UST’s collapse. Do Kwon explained that for the last two years, he has only earned a nominal cash salary from Terraform Labs. He also adds that he incurred losses during UST’s...
