terra

  1. Hanno Labuschagne

    Court orders Do Kwon extradition to South Korea — US not happy

    Court orders Do Kwon extradition to South Korea — US not happy Prosecutors in the US will continue to seek extradition of former cryptocurrency mogul Do Kwon despite a ruling by Montenegro’s High Court to hand him over to his native South Korea to face charges over the $40 billion collapse of...
  3. Hanno Labuschagne

    Terraform Labs files for bankruptcy in the US as co-founder faces extradition for fraud

    Terraform Labs files for bankruptcy in the US as co-founder faces extradition for fraud The Terraform Labs Pte. digital-asset business co-founded by Do Kwon filed for Chapter 11 bankruptcy protection in the US. The company’s estimated assets and liabilities are both in the range of $100...
  4. Hanno Labuschagne

    Do Kwon gets first jail time

    Do Kwon gets first jail time Terraform Labs co-founder Do Kwon, the crypto entrepreneur who’s sought by the US and South Korea on fraud charges, was sentenced to four months in prison by a Montenegrin court for attempting to travel with a forged passport. Han Chang-joon, who was Terraform...
  5. Hanno Labuschagne

    Terra's Do Kwon could spend over 40 years in jail

    Terra's Do Kwon could spend over 40 years in jail The disgraced former crypto titan Do Kwon may spend most of his life behind bars, first in his native South Korea and then in the US, according to a scenario laid out by a senior prosecutor in the Asian nation. Both countries are seeking Kwon’s...
  6. Hanno Labuschagne

    Terra co-founder Do Kwon fled to Serbia — Reports

    Terra co-founder Do Kwon fled to Serbia — Reports Serbia has emerged as a likely location for crypto fugitive Do Kwon, the fallen 31-year-old entrepreneur facing charges in his native South Korea over the $60 billion wipeout of digital assets that he created. The prosecutors’ office in Seoul...
  7. Jan

    Celsius freezes withdrawals amid crypto market rout

    Cryptocurrency lender Celsius halts withdrawals Celsius Network Ltd. paused withdrawals, swaps and transfers on its platform, fueling a broader market selloff as traders continued to question the sustainability of high-yielding tokens in the wake of the Terra blockchain collapse. Celsius’s CEL...
  8. Jan

    Terra hasn't killed crypto, but it was a narrow escape

    Terra’s collapse could have taken all of crypto with it Speculation that the collapse of one of the biggest experiments in decentralized finance could bring about the death of crypto appears to have been overblown. If Terra’s implosion had happened after a few more months of growth, the...
  9. Jan

    Crypto-market panic subsides with prices, Tether stabilising

    Crypto calms to a panic On Wednesday, the implosion of the TerraUSD stablecoin kindled wide-spread panic in the crypto space. But 24 hours later, things have calmed down significantly. Terraform Labs halted, restarted and then halted again its Terra blockchain in the wake of the collapse of...
  10. Jan

    Terra blockchain halted after UST stablecoin de-pegs and LUNA price implodes

    Terra-Luna blockchain halted after price collapse The blockchain behind the collapsed TerraUSD stablecoin and the affiliated Luna token stopped processing new transactions for the second time in less than a day. Terraform Labs said in a tweet from their verified account that validators, the...
  11. Jan

    More than $200 billion wiped off cryptocurrency market in a day

    Crypto carnage A massive sell-off in cryptocurrencies wiped over $200 billion of wealth from the market in just 24 hours, according to estimates from price-tracking website CoinMarketCap. The broad plunge in the crypto complex, driven by the collapse of the TerraUSD stablecoin, hit major...
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