Tag: terra

The Terraform Labs CEO has admitted that he should have known the risks of UST much better. Do Kwon Reflects on Terra Collapse Terraform Labs made huge risk management errors...

Do Kwon should better call Seoul fast and hire the best lawyer in the city to defend him when things start to get serious, following the collapse of Terraform Labs. Well, the disgraced architect of the once multi-billion dollar Terra ecosystem actually just hired a new attorney in South Korea, just days after stating the South Korean authorities have yet to reach out...

Terra co-founder Do Kwon has hired a lawyer in preparation for his defense against South Korea's legal actions, South Korea-based Naver reported Aug. 17. Kwon reportedly submitted an attorney's appointment letter to the prosecutor's office. The report did not reveal the lawyer's name or the law firm. The Seoul Southern District Prosecutors' Office has been...

Kwon and Terraform Labs are facing multiple lawsuits following Terras collapse in May. Terra's Do Kwon Reportedly Enlists New Lawyers Do Kwon has hired a new team of lawyers in...

Terra founder Do Kwon has hired lawyers from a domestic law firm to prepare for legal action in response to the investigation by the Seoul Southern District Prosecutors'...

Viewers complained that the interview failed to address difficult questions related to Terras failure. Do Kwon's Terra Interview Slammed Do Kwon has given his first interview since Terra collapsed in...

The crypto community's reaction to Do Kwon's first interview since Terra's implosion has been lukewarm, with many saying they learned nothing new. Do Kwon's interview: doesn't say anything we don't already know and it says a lot less than you expect to hear. The journalist seems to be incisive, but he is not, it shows that...

Do Kwon has broken his silence over the demise of the algorithmic stablecoin Terra USD (UST) and LUNA, this has triggered negative reactions from the crypto community. The Terra CEO continues to be unpopular with the community despite Kwon's attempts to defend himself in an interview. Podcaster Eric Conner contrasted Do Kwon's predicament to that […] The post...

DeFi Llama is a decentralized analytics dashboard that tracks DeFi TVL (total value locked) for projects like Ethereum, Terra, and Binance. Currently, DeFi apps are somewhat difficult to track because of their decentralized nature, with investors having to check each individually to keep up to date with the market. DeFi Llama aims to solve that....

Hodlnaut stopped offering exchange services on its platform on Monday, citing liquidity crisis and the need to discuss a recovery strategy with a legal advisory firm as the industry battles to survive in the wake of a collapse in the price of cryptocurrencies. Hodlnaut Latest To Halt Withdrawals Hodlnaut, a Singapore-based lending platform for crypto lending, announced a ban on withdrawals due to...

Though Hashed took a big hit on Terra, Kim said his belief in crypto hasnt waned. Hashed CEO Confirmed LUNA Losses Hashed lost more than $3 billion on its Terra...

Though Hashed took a big hit on Terra, Kim said his belief in crypto hasnt waned. Hashed CEO Confirmed LUNA Losses Hashed lost more than $3 billion on its Terra...

Is The NY Times changing its tune? Not exactly, but it’s a start. And a big improvement over the mainstream media’s constant attacks on bitcoin. The newspaper interviewed notable bitcoiners, quoted them without twisting their words, and let them present the case for bitcoin supremacy. Of course, The NY Times also sneaked their usual points of contention against bitcoin. It’s only fair and...

South Korean prosecutors have issued a "notification upon arrival" and travel ban on Terra's founder and co-founder, Do Kwon, and Daniel Shin, South Korean news outlet donga reported on July 27. A "notification upon arrival" notice means investigators will be informed when a person of interest enters the country and is usually used for crucial investigations...

The average transaction cost on Polygon (MATIC) declined 49% to $0.018 during the second quarter, according to statistics released on July 26. The network reported that the total transactions it processed during the second quarter rose 4% to $284 million, and its revenue came in at over $5 million....

A new class action lawsuit against TerraForm Labs and its CEO, Do Kwon, was filed by Bragar Eagel & Squire, P.C. on July 24 in the state of California. Bragar Eagel & Squire, P.C. also slapped a...

Terra, Do Kwon, and several associated entities are facing a new lawsuit, with complaints similar to previous lawsuits. The lawsuit has been filed against several entities associated with the Terra ecosystem. Meanwhile, authorities in South Korea are conducting a thorough investigation of Terraform. Terra’s legal woes continue to mount as a new class action lawsuit has been filed against Terraform Labs, co-founder Do...

Three Arrows Capital (3AC) liquidators Teneo have gained control of assets worth $40 million belonging to the embattled hedge fund, Bloomberg News reported July 21. The liquidators reportedly stated that the fund's assets consisted of bank accounts, cryptocurrencies, NFTs, and stakes in other firms. Bloomberg...

The disgraced founders of Three Arrows Capital spoke comprehensively about the catastrophic failure of their once-flying hedge fund after five weeks of hiding out. They said that they had received threats to their lives, which is why they remained under the radar. Bloomberg reported on Friday that Su Zhu and Kyle Davies,...

South Korean authorities have raided the home of Terraform Labs co-founder Daniel Shin. Officials also recently sent prosecutors and investigators to seven cryptocurrency exchanges in connection with the case. The Terraform Labs investigation is ramping up, but it is far from over. South Korean officials have taken another step forward in the investigation into Terraform Labs. Local media outlets report that authorities raided...