South Korea’s National Tax Service ordered Kwon to pay 100 billion won. Terra employees confirmed that $80 million was transferred. Terra LUNA’s dramatic crash grabbed US Security Exchange Commission’s (SEC) attention and SEC reported that Terra LUNA founder Do Kwon was involved in money laundering activities. Terra employees reportedly confirmed
According to reports, this theft happened in May 2021. The South Korean authorities are looking into Do Kwon’s tax evasion. Reports from South Korea claim that a Terra employee is under investigation for allegedly embezzling Luna and Terra’s corporate funds. According to reports, this theft happened in May 2021. 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
Terraform Labs plans to create a new blockchain named Terra 2.0. The airdrop of new LUNA tokens began on May 28th, 2022. Some of the most well-known cryptocurrency exchanges, including Binance, FTX, Crypto.com, Huobi, Bitfinex, Bybit, Gate io, Bitrue and Kucoin, have promised their support for a forked version of
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
Trading Platforms only welcome the Terra Revival Plan’s Airdrop Kraken applies different nomenclature for the new blockchain and token. The list of exchange platforms that are going to carry out the new Terra blockchain airdrop goes on expanding. The recent additions to that list are MEXC, Kraken, and Binance. All
The greatest downfall of the Terra ecosystem cast a ruinous effect on the crypto world. The crypto market was already crashing down due to soaring macro-inflation and the hyper-volatility of the fiat-based TradeFi. Terra (LUNA) and the network’s algo-stablecoin TerraUSD (UST) became the sufferers of a disastrous free-fall to their
