Are Stablecoins Really Safe?
TL;DR The SEC discovered that TrueUSD, a well-known stablecoin in the market, had almost all of its reserves in a high-risk fund. Tether has also been
Terra (Latest Publications)
Three Arrows Capital Blames FTX for $1.53 Billion Loss, Citing Data and Trust Breach
TL;DR Three Arrows Capital (3AC) seeks to increase its claim against FTX from $120 million to $1.53 billion, alleging improper liquidation of assets. 3AC also filed
Terraform Labs Winding Down: Terra Blockchain Transitions to Community Management
TL;DR Terraform Labs (TFL) will begin to close its operations and management of the Terra blockchain will become a community-based process. Proposal 4818 will be the
Terra Blockchain Resumes Operations After $4 Million Heist
TL;DR Security Breach and Emergency Patch: Terra faced a major security breach, resulting in the theft of over $4 million worth of tokens. The attack exploited
Terraform Labs Makes Major Moves: Shuttle Bridge Reopens Amid Bankruptcy Recovery
TL;DR Terraform Labs, in the process of restructuring after bankruptcy, has received a court order to reopen the Shuttle Bridge and burn millions of LUNA tokens.
Terraform Labs Reaches $4.47 Billion Settlement with SEC Over TerraLuna Collapse
TL;DR Terraform Labs and its former CEO, Do Kwon, have agreed to pay $4.5 billion to the U.S. Securities and Exchange Commission (SEC) as part of
Terraform Labs Fights Back: Seeks Massive Reduction in SEC’s $5.3 Billion Penalty
TL;DR Terraform Labs and its founder, Do Kwon, challenge a $5.3 billion fine from the SEC. They seek a reduced fine of $1 million and question
Breaking: High Court Orders Extradition of Terra’s Former CEO Do Kwon
TL;DR Do Kwon will be extradited to the US after Montenegro rejected South Korea’s request. Priority at US request highlights importance of diplomatic relations. Case includes
Scandal Unveiled: Do Kwon Knew That Terra Could Not Process Payments, Despite What Was Publicly Promoted
TL;DR The testimony of a former Terraform Labs developer, Lee, reveals that Terra’s co-founders promoted TerraUSD as a payment option, despite being aware of local regulatory
Terraform Labs Seeks Bankruptcy Amidst Legal Chaos and Fraud Allegations: Shocking Details Unveiled
Terraform Labs, the entity behind the now-defunct stablecoin TerraUSD (UST), took the surprising step of seeking protection under Chapter 11 of the United States bankruptcy law.
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