Do Kwon and TFL Officially Charged With Fraud

Do Kwon and TFL Officially Charged With Fraud

Do Kwon and TerraForm Labs (TFL) have been officially accused of scamming unsuspecting cryptocurrency investors by the U.S. SEC. The Securities and Exchange Commission has filed charges against TerraForm Labs (TFL) and its founder, Do Kwon, for allegedly defrauding investors in a multi-billion dollar cryptocurrency scheme. According to the SEC, Kwon and his business raised […]

Luna Foundation Guard: UST Peg Defence Cost $2.8 Billion

TerraCVita Set to Release LUNC DEX in Q1 of 2023

In May, Luna Foundation Guard published an audit of its book outlining the defence of the UST peg. According to an audit issued by Luna Foundation Guard (LFG), a non-profit organisation founded in January to develop the Terra ecosystem, $2.8 billion in bitcoin and stablecoins were used to defend the TerraUSD (UST) stablecoin peg during […]

Terra LUNA Classic See 14% Price Surge as UST Rise 30%


Terra’s “failed coins” LUNC (Luna Classic) and UST had a good day on Tuesday (Stablecoin). The two coins appear to have experienced a significant price increase in the last 24 hours. According to Coinmarketcap, LUNC has increased by more than 13%, while UST has increased by more than 31%. That’s an unusual case for two […]

Cardano Founder Believes That the Terra Investigation in South Korea is Quickly Heating Up


South Korea is quickly escalating the Terra investigation, according to the founder of Cardano. In a Twitter post, Charles Hoskinson expressed his thoughts on the incident, claiming that the Terra investigations were moving along in South Korea rather quickly. Reports claimed that the government prosecutors raided several South Korean exchanges yesterday. The purpose of the […]

Tether Short Selling Continues; Is the Biggest Stablecoin About to Depegg?


According to a Monday Bloomberg report, data on Curve’s 3pool, where users can exchange between the stablecoins USDT, USDC, and DAI, showed that Tether makes up 65% of the supply, suggesting that Tether holders are more likely to be willing to sell their holdings. “USDT is the most widely held and accessible stablecoin in the […]

Terra Founder Faces Insider Trading Scandal While Investors Lose Money


Terra is currently the most controversial crypto coin that has been in the spotlight for the wrong reasons. Presently, Do Kwon and Terraform Labs are in the mix of multiple social and legal allegations.  The latest reports from FatMan showed that the Terra founder and a group of VIP Terra investors had plans to cash […]

New Token Grows 40% After Binance Lists Terra 2.0 and Completes Airdrop.


Binance is one of the top exchange protocols that has continued to support the Terra ecosystem by trading new LUNA on its trading platform. However, the token is currently listed in the innovation zone.  Binance Competes Terra 2.0 Airdrop Binance has rounded off the planned Terra LUNA airdrops to LUNC and UST holders who lost […]