Avalanche buys back $53M in AVAX tokens from Terra’s LFG
The AVAX tokens were purchased for $100 million a month before the infamous Terra Luna collapse. Go to Source
luna foundation guard
Auto Added by WPeMatico
Terraform Labs may close products, services in bankruptcy wind-down
Get it before Oct. 30, Terraform Labs tells the third parties it is discussion its wind-down with. Go to Source
Seoul Prosecutors Believe Terra Co-Founder Do Kwon Still in Possession of $100 Million Held in Swiss Bank Account
In the wake of the recent legal action against ten associates of Terraform Labs, which included the co-founder Shin Hyun-seong, known to many as Daniel Shin, it appears that prosecutors from Seoul are convinced that Terraform Labs and co-founder Do Kwon are still in possession of a considerable sum of money, specifically 130 billion won … Read more
South Korean prosecutors accuse Do Kwon of manipulating Terra’s price
Prosecutors have reportedly secured a “messenger conversation” in which Kwon ordered an employee to manipulate Terra’s market price. Go to Source Powered by WPeMatico
Report: South Korean Prosecutors Accuse Do Kwon of Manipulating LUNA’s Market Price
On Thursday, Nov. 3, 2022, local reports from South Korea disclosed that Korean prosecutors have allegedly discovered evidence that shows Do Kwon and an associate manipulated the price of LUNA, Terra’s native crypto token. The report further says South Korean prosecutors believe Kwon is hiding out in Europe. Local Report Claims South Korean Prosecutors Have … Read more
Distribution of assets is ‘not possible at this time’, says Luna Foundation Guard
The fund cited “ongoing and threatened litigation” in its reasons for being unable to distribute its remaining assets to UST users starting with the smallest HODLers. Go to Source Powered by WPeMatico
Korean Police Ask Crypto Exchanges to Freeze Luna Foundation Guard’s Assets
The South Korean police have reportedly launched an investigation into possible embezzlement involving an employee of Terraform Labs. To prevent fund transfers, the police have requested crypto exchanges to freeze the Luna Foundation Guard’s accounts. Embezzlement Investigation and Asset Freeze The Seoul Metropolitan Police Agency’s Cybercrime Investigation Unit announced Monday that it has launched an … Read more
Terra fallout: Stablegains lawsuit, Hashed loses billions, Finder wrong and more….
Yield generation app Stablegains is facing a lawsuit after losing around $44 million worth of user funds in the Terra collapse when it previously said it allocated funds “across a number of stablecoins”. Go to Source Powered by WPeMatico
Luna Foundation Guard Discloses Usage of Bitcoin Reserves
The Luna Foundation Guard, the entity in charge of safeguarding the peg of UST, the stablecoin of the Terra ecosystem, has revealed how it used the available Bitcoin reserve before the recent debacle involving the Terra ecosystem. The organization sold part of the bitcoins owned directly, while another part was traded on different dates to … Read more
‘A Dark Day for Crypto’ — A Deep Dive Into the Obliterated Terra Token Ecosystem and Damaged Apps
Following a few days of carnage, the two leading crypto assets built on top of the Terra blockchain have plummeted to significant lows. LUNA has dropped to $0.00000100 per coin and the once-stable coin terrausd (UST) hit a low of $0.044 per unit. After temporarily halting the Terra blockchain and restarting it, the team has … Read more
