Legal
US, South Korea to cooperate over Terra investigation
South Korea and the United States have agreed to share investigation data about the Terra network crash.
Oluwapelumi Adejumo 2 min read
LUNC
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Tracking Terra’s collapse, ongoing legal fallout, and its impact on the broader digital asset landscape.
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Top Terra Stories
Regulation
Biden administration official hints at stablecoin legislation that could come into force this year
According to the official, the President's Working Group on Financial Markets are actively exploring the space and looking to have the law come into force by the end of this year
Bear Market
Hacktivist group Anonymous sets sights on Do Kwon after LUNA meltdown
Anonymous intends to investigate Kwon's history since he entered the crypto industry and believes that there are several other crimes that he might have committed.
Latest Terra News & Analysis
Stablecoins
U.S. Fed says recent strain highlights ‘structural fragilities’ in stablecoin sector
The Fed states that vulnerabilities in stablecoins may be further heightened by the absence of transparency about the riskiness and liquidity of assets backing them.
Crime
South Korean prosecutors have banned Terra employees from leaving the country
Terraform Labs employees are banned from leaving South Korea as the prosecutors office explores charging Do Kwon with fraud and other crimes.
Analysis
How the UST crash changed the stablecoin landscape
Stablecoins underpin the DeFi market, and the Terra-Luna crash has changed the landscape, with a newfound opportunity for some protocols.
Rumors
Terra Founder Do Kwon allegedly voted on his own proposal using one of his secret wallets
Another investigation has been launched into allegations that the CEO of Terraform Labs manipulated the voting on some proposals by using a secret wallet.
Regulation
South Korea’s top exchanges seek to prevent another Terra-like crash
The exchanges are proposing to create three different committees that will be saddled with compliance monitoring, market monitoring, and transaction support.
Regulation
Terra investors file a class action lawsuit against Binance.US
The lawsuit states that Binance U.S. failed to comply with federal and securities laws by advertising UST as a safe, fiat-backed stablecoin.
More Terra News Headlines
Analysis
Validator Wars: New LUNA validators accused of unethical behavior
Rumors
Do Kwon denies fresh allegations of withdrawing $2.7B from Terra ecosystem via Degenbox
Rumors
Do Kwon accused of siphoning $80M a month from failed Terra project
Stablecoins
