Amid Terra’s collapse, over $1.2 billion in bitcoin reserves remains unaccounted for by Luna Foundation Guard.
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Luna buy and sell trades will be reversed, the company said in a post on its website.
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The Terraform Labs CEO was last seen in Singapore, but his current location is unknown.
The post After Terra’s stablecoin implosion, battered investors ask ‘where is Do Kwon?’ appeared first on The Block.
Kava Network’s stablecoin may have suffered from its exposure to UST.
The post Kava Network’s USDX tumbles to $0.65 as yet another stablecoin depegs appeared first on The Block.
The project involves 70 digital artworks resulting from the Russia-Ukraine war, featuring Ukrainian imagery and resistance to Russian forces.
The post Ukraine’s Digital Transformation Ministry approves charity NFT project benefiting war efforts appeared first on The Block.
Galaxy Digital, an early backer of Terraform Labs and Luna, said in a release that market conditions warrant an update on its liquidity position.
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Congressional leaders are changing their approaches in response to the Terra algorithmic stablecoin debacle.
The post Terra disaster fuels work of Congress on stablecoin legislation appeared first on The Block.
Three Arrows Capital co-founder Su Zhu, who was a prominent Luna supporter, has weighed in following its sudden collapse.
The post Luna backer Su Zhu says UST collapse is ‘Terra’s DAO hack moment’ appeared first on The Block.
Binance CEO Changpeng Zhao has weighed in on the collapse of the stablecoin TerraUSD (UST) and its related token Luna (LUNA).
The post Binance CEO Changpeng Zhao disappointed with how Terra handled UST’s collapse appeared first on The Block.
Crypto lending business Celsius had at least half a billion dollars of funds parked in Anchor Protocol but appears to have pulled all of it out earlier this week.
The post Celsius pulled half a billion dollars out of Anchor Protocol amid Terra chaos appeared first on The Block.
