Tag: ust

Hodlnaut is Reportedly the Subject of a Police Investigation in Singapore

Hodlnaut, a cryptocurrency lender based in Singapore, is apparently the subject of a police investigation into allegations of cheating and fraud. According to local media...

FTX Downfall Likely Triggered by Terra Collapse

It was no secret that Alameda was one of the first liquidity providers on FTX, if not the first. The closeness of the entanglements...

Terra Labs and Luna Guard Order an Audit to Defend Themselves Against Claims of Misappropriating Funds

The Luna Foundation Guard (LFG) and Terraform Labs (TFL) commissioned a technical examination of their efforts between May 8 and 12 to protect the...

This is Why the Price of Luna Classic (Lunc) is Rising

Breaking its downward trend, Terra Luna Classic (LUNC) saw significant bids at approximately $0.00022. Prior to the current governance proposal to re-enable IBC, the...

Hodlnaut Lost Close to $190 Million in TerraUSD’s Collapse

According to sources, the Singapore-based cryptocurrency lender has lost close to $190 million due to its exposure to Terra's algorithmic stablecoin UST. The crypto lending...

Terra Classic (LUNC) transactions tax will be supported by KuCoin and Gate.io

The Terra Classic (LUNC) community's 1.2% tax burn proposal will be supported by cryptocurrency exchanges KuCoin and Gate.io. Taxes will be charged and burned...

Do Kwon Has Spoken: “Terra-Luna…Was Basically My Life”

Do Kwon, the founder of Terra, has mainly avoided the media since the failure of his flagship project in May. However, the CEO of...

Terra Do Kwon and Daniel Shin issued an order for “Notification Upon Arrival” and a “Departure Ban.”

Former and current TerraForm Labs executives, including Do Kwon and Daniel Shin, have received "notification upon arrival" and "departure ban" notices from South Korea's...

Another class-action lawsuit has been filed against Terraform Labs and Do Kwon

A new lawsuit has been filed against Terraform Labs and Do Kwon in the United States. Terraform Labs and a slew of other entities, including...

Zipmex, Singapore cryptocurrency exchange, will resume withdrawals

Zipmex, a Southeast Asia-focused cryptocurrency exchange, said it would resume withdrawals on Thursday after suspending them the day before, and that it was working...

As new problems arise, the Terra Labs probe intensifies

The Terra probe is still causing havoc in the South Korean crypto ecosystem. According to reports, the country's authorities moved the investigation forward on...

The Russian Finance Ministry Backs the Use of Stablecoins in the Nation

According to Ivan Chebeskov, director of the ministry's Financial Policy Department, the Russian Federation's Ministry of Finance (Minfin) is generally in favor of allowing...

Korea will share data on the Terra Crash with the United States

The recent demise of Terra LUNA has made a significant dent in the global cryptocurrency market. However, the fall has raised suspicions of fraud...

South Korean cryptocurrency exchanges are forming a body to avoid another Terra LUNA-style collapse

Five South Korean cryptocurrency exchanges have announced their intention to form a consultative organization to assist avoid another Terra LUNA-style token crash. The organization...

For the sale of TerraUST, a class action lawsuit has been launched against Binance.US

Over the sale of TerraUSD (UST) to customers in the United States, a class action complaint has been launched against Binance.US, the American branch...

Terra Development Makes Claims He expressed concern about Do Kwon’s interest rising from 3.6 percent to 20%

The Wu blockchain took to Twitter to explain that the Anchor protocol's initial interest rate was 3.6 percent until Do Kwon rejected it. Then,...