Tag: ust

Jump Trading is Sued for Alleged $1.3B in Profits From TerraUSD

Jump Trading is accused of conspiring with Terraform Labs to manipulate the price of the doomed algorithmic stablecoin TerraUSD (UST), according to a lawsuit...
Cryptocurrency

Hopefuls Terra Classic Enthusiast Consider Reviving the Failed UST Stablecoin

Nearly a year after Terra's spectacular implosion, members of the Terra Classic community are considering reviving the ecosystem's failed terraUSD classic (USTC). The original Terraform...
Cryptocurrency

More Information is Revealed as a Result of a US Inquiry Into Do Kwon and His Controversial Stablecoin

Investors who believed Do Hyeong Kwon and Terraform Labs had figured out a clever way to build a perpetual money generator lost more than...
Cryptocurrency

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...
Cryptocurrency

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...
Cryptocurrency

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...
Cryptocurrency

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...
Cryptocurrency

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...
Cryptocurrency

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...
Cryptocurrency

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...
Cryptocurrency

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...
Cryptocurrency

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...
Cryptocurrency

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...
Cryptocurrency

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...
Cryptocurrency

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...
Cryptocurrency

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...
Cryptocurrency
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