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The Latest Breaking News from LUNA

South Korean Founder of Failed Terra Coin Admits He Was 'Wrong'

The co-founder of the failed Terra cryptocurrency, which collapsed and wiped out about $40 billion of investors' money in May, has admitted he was "wrong", but said that he was not talking to South Korean investigators. The dramatic disintegration of stablecoin TerraUSD and its sister token Luna -- which both…

Asharq Al-Awsat

'I Didn't Sleep For 8 Days,' Terra Luna Founder Do Kwon Tells Coinage Following Crypto Collapse

Do Kwon, founder of Terraform Labs, recently spoke with cryptocurrency media company Coinage in Singapore — his first media interview since the collapse of Terra Luna earlier this summer. Here's what he discussed:

Benzinga

Sei Network Helps Normalize Decentralized Finance With On-Chain Orderbook

Only 15.2 million people worldwide owned cryptocurrency in July 2017. Now, that number has jumped to 82 million crypto owners, according to is working to build exactly that architecture. Launched as a layer-1, meaning its blockchains can validate transactions without another network, and built on the Cosmos SDK, the most…

Zenger

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Crypto bankruptcy adds to Thai woes

The collapsing value of Thai digital assets has been exacerbated by the bankruptcy of US-based Celsius Network, following months of rapidly deteriorating sentiment in the global and domestic cryptocurrency markets and a series of insolvencies among high-profile crypto lenders.

Bangkok Post

Do Crypto Airdrops Benefit the Community in the Long Term?

Airdrops became mainstream in the ICO boom years starting around 2016 as a means to incentivize users to promote a new token on social media for example. More recently, in 2020, decentralized exchange Uniswap changed the outlook on incentives and rewards when the ecosystem gave away tokens for free to…

Benzinga

Luna Innovations's Return on Invested Capital Overview

According to Benzinga Pro, during Q1, Luna Innovations (NASDAQ:LUNA) earned $9.58 million, a 508.32% increase from the preceding quarter. Luna Innovations's sales decreased to $22.48 million, a 7.19% change since Q4.

Benzinga

Investigating the crypto crash

The value of cryptocurrencies has plunged over recent days, with Bitcoin -- the largest coin by market cap -- sinking to its lowest point since 2020.

Bangkok Post

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Dogecoin Creator Reacts To Do Kwon Allegedly Cashing Out $80M Monthly Before LUNA Crash

Dogecoin (CRYPTO: DOGE) co-creator Billy Markus and other prominent crypto industry watchers were unsurprised at the latest allegations against Terra’s (CRYPTO: LUNA) parent Terraform Labs

Benzinga

DeFi Has Lost 45% of Its Value Since April End: DappRadar

With the collapse of the former second-largest DeFi ecosystem – Terra and the crash of the associated LUNA token having accentuated the bear season that still affects the crypto landscape, DeFi has lost 45% of its value since the end of April, according to a report.

Benzinga

Terra Designer Says Do Kwon Purposely Increased UST Interest Rates From 3.6% To 20% After Being Warned

A new report claims that Do Kwon, Founder of TerraForm Labs and Terra (CRYPTO: LUNA), intentionally hiked Anchor Program’s interest from 3.6% to 20%, despite warnings.

Benzinga

Investors Sue Terra Founder Do Kwon: What You Need To Know

The founder of Terra (Crypto: LUNA), Do Kwon, is being sued by Korean legal firm LKB & Partners as of May 22 as numerous other investors prepare legal challenges against Terra.

Benzinga

Terra's Do Kwon Draws Flak Over Cracking 'Tinder' Joke Amid Governance Chaos

Terra’s (CRYPTO: LUNA) outspoken founder Do Kwon joked about a Tinder-style token earn mechanism as the ecosystem builders clashed over their share of fund allocation.

Benzinga

Terra investors in India lost big. Now they face the taxman

NEW DELHI: Terra investors around the world lost billions of dollars when the algorithmic-stablecoin project crashed but they recovered a small part of their bets when a new token was distributed as compensation. Investors in India aren’t as fortunate.

The Times of India

Terra (LUNA) Parent Reportedly Laundered $4.8M Through Shell Company

Terraform Labs, the company behind Terra (CRYPTO: LUNA), has reportedly laundered $4.8 million through a South Korean shell company.

Benzinga

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Benzinga

EXCLUSIVE: How aUSD Is Different From UST, According To Polkadot Stablecoin Protocol Acala Network

Benzinga traveled to Permissionless, a cryptocurrency, DeFi and NFT conference hosted in West Palm Beach.

Benzinga

Terra's Mirror Protocol Suffers Another $2M Exploit

Mirror Protocol, a DeFi application built on the Terra (CRYPTO: LUNA) blockchain, has seen $2 million in user funds drained over the weekend thanks to a pricing error.

Bangkok Post

Luna 2.0 coin crashes after rocky launch

The relaunch of the highly controversial Luna cryptocurrency faces a rocky start after losing 75% of its value.

ABC News

Many put faith in cryptocurrency but crash could lead to regulation and new consumer protections

Bitcoin came to life in 2008 as the financial system was imploding. Now that utopian vision is under fire, and everyone is asking: Will a new era of regulation kill or strengthen cryptocurrencies?

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Benzinga

Terra (LUNA) Community Approves Proposal To Burn 1.3B TerraUSD (UST)

Terra (CRYPTO: LUNA) tokenholders voted on proposal 1747 and decided to burn 1.388 billion TerraUSD (CRYPTO: UST) tokens after the stablecoin collapsed earlier this month.

Benzinga

Terra Crisis: Community Votes on Burning 1.3 billion UST Tokens

The Terra (CRYPTO: LUNA) community has unanimously decided to burn 1.38 billion UST stablecoins from its pool, reducing the supply by roughly 11% of its total supply of 11.28bn tokens.

Benzinga

Dogecoin Creator Says Luna 2.0 Will Show The World 'How Truly Dumb' Crypto Gamblers Are

Dogecoin (CRYPTO: DOGE) creator Billy Markus shared disapproving remarks ahead of Terra’s (CRYPTO: LUNA) Luna 2.0 launch date.

Benzinga

LUNA 2.0 Token Set To Launch On May 27; These Crypto Exchanges Plan To List Immediately

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.

Benzinga

Did Terra (LUNA) Have A 'Kill Switch?' Why Do Kwon's Comments From 2021 Are Going Viral

A video of Terra (CRYPTO: LUNA) founder Do Kwon describing a “kill switch” for Terraform Labs has resurfaced and is going viral on Twitter Inc (NYSE: TWTR)'s social media platform.

Benzinga

The Luna Crash Might Have Been Intentional – Here's Why

As a result of the Luna cryptocurrency and the (CRYPTO: UST) stablecoin, which are both linked to the Terra (CRYPTO: LUNA) blockchain, the cryptocurrency market has tanked and is struggling to recover, with some even predicting the collapse of t

Benzinga

South Korean Police To Freeze Terra's (LUNA) LFG Funds On Embezzlement Allegations

The Seoul Metropolitan Police are looking to freeze the Luna Foundation Guard’s (LFG) company funds as the Terra (CRYPTO: LUNA) controversy continues to unfold.

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