The SEC is looking into a $60 billion Terra Implosion
According to Bloomberg, the US Securities and Exchange Commission has initiated an investigation into the Terra implosion.
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Roland Guirdonan
- May 31
Hacker Steals $90 million from Mirror Protocol in October on Terra Classic
A hacker stole $90 million from Mirror Protocol on Terra Classic. The attack was unnoticed for seven months.
Ujunwa Juliet Ihiasota
- May 30
Employees of Terraform are being investigated in South Korea over the UST collapse
All Terra employees have been summoned by a Prosecutor's Office team to investigate if the collapse was caused by pricing manipulation.
Ujunwa Juliet Ihiasota
- May 29
Terra 2.0 rises above $30 on Bybit before dropping by 80%
Terra LUNA dropped by over 88%, from $30 to $3.5 before rebounding to finish around $6.
Roland Guirdonan
- May 25
Do Kwon seems unconcerned despite controversy as the Terra 2.0 ecosystem revival plan gains traction
Despite the controversy caused by the de-pegging of TerraUSD (UST), the project's co-founder Do Kwon seemed unconcerned.
Roland Guirdonan
- May 24
Terra employees are being investigated by South Korean police for potential embezzlement
The Seoul Metropolitan Police Agency's Cyber Crimes Investigations Unit received a report stating a Terraform Labs employee was involved
Ujunwa Juliet Ihiasota
- May 21
G7 countries call for rapid crypto regulation in light of the recent Terra Luna saga
Following the fall of the Terra stablecoin last week, the world's top financial executives urged for rapid and complete regulation of crypto
Roland Guirdonan
- May 18
Do Kwon is reportedly being sued by Terra Investors for fraud
South Korean investors are apparently ready to sue Do Kwon for fraud following Terra's collapse last week.
Karikari Daniel
- May 18
Do Kwon's proposal to fork LUNA's blockchain is rejected by the Terra community
Instead of a hard fork, the community prefers Terra Luna to create an aggressive burning mechanism to revive Terra's once-thriving ecosystem
Jessy Louis
- May 17
Do Kwon suggests a Terra hard fork as part of the ecosystem recovery plan
Do Kwon, co-founder of the ailing Terra Luna cryptocurrency, unveiled a revised plan to repair the ecosystem on Monday