A complete timeline of Celsius’ relationship with Terra LUNA and Tether
After the collapse of Do Kwon's "20% APY” Anchor protocol, attention is turning to those who did business with Kwon. Step forward Celsius.
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After the collapse of Do Kwon's "20% APY” Anchor protocol, attention is turning to those who did business with Kwon. Step forward Celsius.
Do Kwon's wife was placed into protective custody after a crypto streamer, who lost more than $2M in Terra's collapse, turned up at his door.
Pal tweeted his dislike of people on Twitter "screaming at anyone with different views," just months after claiming Terra was "basically risk-free."
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.
— Basis Cash, Kwon
CoinDesk revealed failed algorithmic stablecoin Basis Cash was created by Terra's Do Kwon and BitClout's Nader Al-Naji.
— Crypto, Stablecoin
Third-largest stablecoin UST de-pegged from the US dollar, traded as low as $0.62, and lost over $4 billion in market capitalization.
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.