Terra Labs News
12.05 / 13:03
Lowe's
Bitcoin
Luna
Low
Bitcoin Hits a 16-Month Low of $26K as Effects of the Terra Crash Spill Over
Bitcoin (BTC) nosedived to lows of $26,595, a scenario not seen since Dec 30, 2020, when the leading cryptocurrency dropped below the $27,000 zone.
15.02 / 16:59
business
Law
regulation
LUNC
Terraform Labs
Korean e-commerce exec accused of accepting LUNA for shilling Terra Labs
South Korean prosecutors have requested an arrest warrant for the former CEO of Tmon, a Korean e-commerce platform, after taking billions of won in LUNA (LUNA), now known as LUNA Classic (LUNC), for promoting Terra as a simple payment gateway.
02.12 / 22:37
regulation
Social Media
Bankruptcy
blast
Legal team for 3AC liquidators blast founders for shifting blame to FTX, media blitz amid bankruptcy
The founders of Three Arrows Capital, or 3AC, the Singapore-based crypto hedge fund with close ties to Terra Labs, have been spending more time engaging on social media and news outlets than dealing with its own liquidation, according to bankruptcy lawyers.
19.11 / 08:05
business
regulation
Court
investigation
Terraform Labs
South Korea seizes $104M from Terra co-founder suspecting unfair profits
While crypto exchange FTX stole the limelight from other fallen ecosystems, South Korean authorities continue their efforts to bring closure to the victims of the year’s first crypto crash — Terraform Labs. Nearly six months after the Terra (LUNA) blockchain was officially halted, South Korean authorities froze approximately $104.4 million (140 billion won) from co-founder Shin Hyun-seong based on suspicion of unfair profits.
16.11 / 21:35
business
Stablecoin
Fraud
Terraform Labs
audit
Terra Labs, Luna Guard commission audit to defend against allegations of misusing funds
The Luna Foundation Guard (LFG) and Terraform Labs (TFL) commissioned a technical audit of their efforts to defend the price of TerraUSD (UST) between May 8 and 12, 2022. The audit was intended to answer “allegations posed in social media” about the fate of funds transferred during efforts to defend the UST dollar peg, according to the LFG blog.
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