Luna 2.0: It came, they sold, it tanked
Recipients of revamped Luna tanked the token just hours after launch as they scrambled to recoup losses caused by the original's devastating crash.
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Recipients of revamped Luna tanked the token just hours after launch as they scrambled to recoup losses caused by the original's devastating crash.
Read more (3 min) →HitBTC, Huobi and Binance have all shown support for the revival of Terra's blockchain as authorities continue to investigate its collapse.
In April the UK chancellor announced plans to recognize stablecoins. Terra's recent collapse will give regulators food for thought.
South Koreans are leading the charge in taking legal action against Do Kwon and Terra, citing heavy investor losses and potential fraud.
A press release stated asset manager GAM Holding could be injecting $3 billion into failing stablecoin Terra (UST) — turns out, it's fake.
The stablecoin's recent crash has wiped $17.5 billion from the raft of projects banking on its success.
Do Kwon is the founder of Terra, a DeFi ecosystem with $29 billion in value locked in its protocols. These are the steps he's taken so far.
Terra is now second only to Ethereum in terms of total value locked inside its DeFi ecosystem, with Binance Smart Chain dropping to third.