Tracking Terra’s collapse, ongoing legal fallout, and its impact on the broader digital asset landscape.
New allegations suggest that the industry’s “stable” $1 promise often relies on secret backroom incentives rather than actual cash reserves.
CZ asserts that crypto projects must learn to always communicate with their communities, especially in times of crisis.
Stablegains allegedly invested investor funds in Anchor Protocol without informing them and lost roughly $42 million when Terra LUNA collapsed along with its UST stablecoin.
