TerraUSD News
Terraform Labs requests to subpoena docs from bankrupt FTX in SEC case defense
Terraform Labs (TFL), the developer of the failed Terra blockchain, wants to subpoena bankrupt FTX for relevant documents it could use to de...
Terra Drama Continues as Authorities Raid Exchanges Linked to the Collapse
South Korean authorities are raiding crypto exchanges linked to Terraform Labs’ collapse in May, according to report this week by News...
Korean Authorities Target Terraform Labs Staff for Questioning
Despite launching a new blockchain for LUNA, things appear to be going from bad to worse for Terraform Labs as revelations emerge that South...
LUNA 2.0 Launches Successfully as Previous Chain Renamed to ‘Terra Classic’
Following the implosion of LUNA and UST, this past weekend saw the launch of Terra 2.0, albeit without an algorithmic stablecoin which argua...
Terraform Labs Update: South Korean Police Move to Freeze Foundation’s Assets
The Terraform Labs debacle has taken on a new twist as South Korean law enforcement authorities are reportedly moving to seize the remaining...
Terraform Update: Tax Authorities Slap Firm With $78 Million Fine
The woes continue to pile on for Terraform Labs following LUNA’s unceremonious collapse and UST completely depegging from the US dolla...
UST Meltdown Spurs Global Warnings of Crypto Regulation
Unsurprisingly, the UST depegging fiasco has triggered regulators around the world to accelerate their efforts. While some persist in being ...
Beefy Finance Token (BIFI) Spikes 168% Overnight, Benefits From Terra Collapse
BIFI, Beefy Finance’s native cryptocurrency, spiked 168 percent overnight after the protocol upgraded its network and capitalised on T...
Heartbroken Luna Founder Do Kwon Proposes Terra Revival Plan
Earlier this month, Do Kwon, the outspoken founder of Terraform Labs, said that 95 percent of projects in the crypto space would die, adding...
Terra (LUNA) Collapse Triggers Contagion Across DeFi
The sudden de-pegging of TerraUSD (UST) and the associated breathtaking decline of Terra (LUNA) over the past few days has triggered huge fa...
US Fed and Treasury Hint at Incoming Stablecoin Regulation Following UST Fiasco
Both the US Federal Reserve and Treasury are eager to see stablecoins regulated by the end of this year, a move they say would improve the o...
UST Stablecoin Loses Peg, LUNA Drops 56% in a Day
Terra USD (UST), the world’s largest and most controversial algorithmic stablecoin, lost its peg to the US dollar this past weekend wh...