Terraform Labs

Tron founder Justin Sun announced on Monday he swapped nearly $773,000 worth of Tron’s native stablecoin (CRYPTO: USDD). Sun imitated Terraform Labs CEO Do Kwona's tweet from just before Terra's bankruptcy in May by writing, "Deploying more capital—steady...

Terraform Labs co-founder and CEO Do Kwon, wanted internationally in relation to the collapse of the Terra ecosystem, has traveled from Dubai to Serbia, where he is currently hiding. Terraform Labs was the company behind the creation of the stablecoin terraUSD (CRYPTO: USTC), which was de-pegged...

A Singapore-based court is set to hear a lawsuit filed by over 350 international investors against the co-founder of embattled Terraform Labs Do Kwon. The investors claim to have lost about $57 million due to the collapse of the Terra blockchain and the subsequent crash of its native token Luna,...

Developers of the Terra stablecoin ecosystem, which includes Luna Classic (CRYPTO: LUNC), TerraUSD Classic (CRYPTO: USTC), and Luna 2.0 (CRYPTO: LUNA), proposed an expansion plan in which they would allocate 95 million LUNA ($248 million) to...

The beleaguered TerraForm Labs CEO Kwon Do-hyung, also known as Do Kwon, denied reports on Wednesday that South Korean prosecutors have frozen Bitcoin (CRYPTO: BTC) assets worth 56.2 billion won ($39.6 million) of Terra Luna Foundation. South Korea's News1 reported that on...

CEO of Binance Changpeng Zhao says that his company initially invested $3 million in the much-hyped Terra (CRYPTO: LUNA) project in 2018. In return, Binance received around 50 million LUNA.    But in a recent Twitter post, he indicated that Binance ultimately lost $1.6...

Recent data indicates that three thousand primary wallets, with multiple links to Terraform Labs, saw an outflow of over $6 billion prior to the de-peg of TerraUSD (CRYPTO: UST). This strategic exit prior to the extreme loss faced by retail investors brings numerous ethical and legal concerns...

Terraform Labs, the company behind Terra (CRYPTO: LUNA), has reportedly laundered $4.8 million through a South Korean shell company. What Happened: According to a report from South Korean publication KBS News, a former developer at Terraform Labs told the publication...

After shaking the cryptocurrency market to its core, the developers of the Terra (CRYPTO: LUNA) blockchain are set to launch the LUNA 2.0 token on Friday. What Happened: The new token will be launched on May 27, according to a tweet from crytpo exchange HitBTC. Dear Traders,@terra_money...