TerraUSD News

A Montenegro court has extended the custody of Terra founder Do Kwon by two more months while South Korea and the U.S. remain seeking his extradition. Marija Rakovic, a spokesperson for the country’s Higher Court in the capital Podgorica, confirmed…

Bitcoin's value is approaching the coveted mark of $40,000 — a height it hasn't experienced since the sudden destabilization of TerraUSD in May 2022.

New York district judge orders crypto lender Genesis to produce documents related to the collapse of algorithmic stablecoin TerraUSD.

An on-chain audit commissioned by the Luna Guard Foundation (LFG) and Terraform Labs (TFL) to provide transparency into the actions of the two organizations in their unsuccessful defense of the TerraUSD (UST) peg has concluded that there was no embezzlement…

The harsh realities of the post-Luna crash experience propelled a full-scale state investigation that that led to the Korean authorities reportedly discovering that Do kwon manipulated Luna price.

Do Kwon, the founder of Terraform Labs, says he is not hiding from South Korean law enforcement. The nation’s prosecutor’s office said it had obtained a global arrest order for the cryptocurrency CEO. The Fall of Terra and Do Kwon’s…

Tether has lowered its holdings of commercial paper to zero and replaced them with U.S. Treasury bills.

Terraform Labs, the creator of failed cryptocurrencies Luna and TerraUSD, has criticized South Korea's authorities for overreaching them, saying the case is 'highly politicized.

New algorithmic stablecoins like TerraUSD Classic (USTC), which depegged from the U.S. dollar early this year and propagated infection over the cryptocurrency world, might be prohibited for two years under a pending bill within the United States House of Reps.…

Do Kwon of LUNA and UST has stated that he is no longer in Singapore but he's not on the run as claimed.

The crypto space is a hub of activity that may soon become one of the most significant global financial and technological development sectors. Since the introduction of bitcoin, the space has blown up and churned out many developments and projects…

In a very harrowing turn of events for Terra, the blockchain ecosystem has opted to indefinitely halt the trade on its UST and LUNA tokens. The second halt in 24 hours came at a very ominous date, Friday the 13th.…