The U.S Securities and Exchange Commission (SEC) has sued Terraform Labs and its founder, Do Kwon, for misleading investors in what the commission called a “multibillion-dollar fraud”. SEC claimed in its court filing in the Southern District of New York that, since beginning in April 2018, Kwon sold a range
Terraform Labs gained $94 M in the year 2019. Investigation happening over DoKwon regarding the TerraUSD collapse. A raid on the Seoul residence of TerraUSD co-founder Daniel Shin, according to a Bloomberg story quoting local media, has extended an investigation into alleged unlawful conduct around the algorithmic stablecoin TerraUSD (UST)
The price of USTC reached the maximum limit of $0.099 on June 29. The coin has moved up from its All Time Low (ATL) to 1022.9%. The collapsed stablecoin TerraClassicUSD (USTC) by Terra, was trending for the last 7 days. The token reached the highest price value as much as $0.099,
The market cap has increased by $600 M for LUNC and $900 M for USTC. The price also skyrocketed from their ATL in May and is soon to reach ATH. The crypto projects, LUNC and USTC which everyone assumed to be out of the market are gaining their place again.
In a recent interview, Terra co-founder Do Kwon expressed his “devastation” in the LUNA collapse which made thousands of investors impacted by the crash. JUST IN: #Terra founder Do Kwon says in an interview that he has been 'devastated' by the $LUNA collapse. — Watcher.Guru (@WatcherGuru) June 23, 2022 The
New LUNA is trading at $5.31 and lost 73% from its all-time high of 19.54. India is the largest crypto investor country. When the algorithmic-stablecoin Terra collapsed, investors around the world lost billions of dollars. For an alternative, the founder of terra Do Kwon launched a new blockchain without the
TRL held over 200 stakeholders of the Terra Blockchain community. The disorganized chat created more muddles and misunderstandings. Terra stayed as the constant topic of discussion for more than a month, everyone assumes that they know the whole story, Do they? Terraform Lab (TFL) doesn’t seem to be as genuine
The New LUNA price varied from $3.63 to $19.54 in just 2 days. The Terra community is disappointed with the idea of a new stablecoin. The comforting point for many old Luna investors was the fact that the new Terra blockchain doesn’t include any stablecoin which they believe have pulled
Terra’s (Terra 2.0) new blockchain went live on May 28 and the network has been updated with the chain-id Phoenix-1. The open price of LUNA was $18.98 and the trading volume was $281,599,801. But since the re-launch of the new Terra network coin LUNA has dropped by over 69% within
Dapps are expected to be relaunched on the new network very soon. New Luna has not yet been listed on any DEX. Terra’s new blockchain has been officially launched at 6.00 Am UTC today and the network has been updated with chain-id as Phoenix-1. And users can change their new
