Fraud Case Defense: Terraform Request Access to FTX Wallets
Terraform Labs has petitioned the court for permission to subpoena FTX for non-public information in support of its defense case. Terraform Labs is back in the news, this time for requesting access to FTX wallets as part of its ongoing fraud defense. According to a recent report, Terraform’s Labs has asked a judge for permission […]
Terraform Labs co-founder, others indicted in South Korea
Shin Hyun-Seong, co-founder of Terraform Labs, and nine other individuals were reportedly indicted by the financial crimes branch of the Seoul Southern District Prosecutor’s Office for the collapse of the Terra stablecoin ecosystem. After 11 months of investigation, ten individuals were indicted on fraud, violation of trust, and embezzlement charges and sent to trial. KBS […]
Terra Proposes 0.5% LUNA Allocation To Support Projects
Terra has proposed to distribute 0.5% LUNA emergency allocation to support projects developing Terra 2.0 products after its debut The Terra community is debating yet another plan, and this time, things appear to be heading in the wrong direction. An emergency release of 0.5 percent of LUNA, according to a recent suggestion, is required to […]
Crypto Crash: What You Need To Know
Here is all you need to know about the recent crypto crash resulting from the dropped price of Bitcoin (BTC) Since its peak in November 2021, Bitcoin’s value has dropped by more than half, causing the whole cryptocurrency market to crash. The fall had an impact on TerraUSD, a linked token that is generally steady. […]
Terra (LUNA) Soars 9%, Outperforming Other Top Coins
Terra (LUNA) has gained 9% in the last 24 hours outperforming the rest of the cryptocurrency market Terra Soars 9%, Outstripping Other Top Coins Terra (LUNA) has gained 9% in the last 24 hours, outperforming the rest of the cryptocurrency market. The Terra platform’s governance token is currently outperforming the rest of the cryptocurrency market. […]