If you put $1 under your mattress, you know you’ll get $1 back when you go looking for it. When you deposit $1 with a bank, you can be pretty sure you’ll get it back even if they do more with it than ...
The Terra ecosystem’s collapse in May 2022 is one of the most shocking occurrences in cryptocurrency history. It wiped out around $45 billion in market capitalisation in just a few days and set off a ...
In May 2022, the Terra Luna network collapsed, wiping out approximately $60 billion of value — $40 billion in Luna and $18 billion in UST — leaving a wake of destruction to both institutional and ...
Terraform Labs founder Do Kwon has pleaded guilty to conspiracy to commit fraud and wire fraud, nearly three years after the $60 billion implosion of the Terra/Luna (CRYPTO: LUNC) stablecoin ecosystem ...
A bankruptcy court in the U.S. has approved a settlement between Terraform Labs and the bankrupt hedge fund Three Arrows Capital (3AC) regarding a $1.3 billion claim tied to the 2022 collapse of the ...
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Terra founder Do Kwon receives 15-year prison sentence for 'epic' $40 billion crypto fraud
Cryptocurrency fraudster Do Kwon was handed a 15-year prison sentence Thursday for abetting the infamous Terra (CRYPTO: LUNA) collapse that triggered one of the market’s worst crashes. ‘A Generational ...
Terra Classic (LUNC) is the original blockchain platform behind the algorithmic stablecoin UST, which lost its value in May 2022. As a result, the Terra (LUNA) project was renamed “Terra Classic”, and ...
The total amount of capital locked on decentralized finance (DeFi) protocols hit $170 billion on Thursday, a landmark figure as now all of the the losses from the 2022 Terra/LUNA ecosystem collapse ...
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