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The Latest Breaking News from LUNA

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

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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

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

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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.

Benzinga

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.

Bangkok Post

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?

ABC News

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

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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.

Reuters

Crypto crowd dominate Davos main street despite price crash

A free bitcoin pizza stall and a "Liquidity Lounge" were among the treats on offer for attendees at this year's meeting in Davos, where blockchain and cryptocurrency firms have taken over its main street, despite a recent crash in digital coin values.

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Evening Standard

Trillions lost and lives ruined: inside crypto’s ‘Lehman Brothers’

More than a $1 trillion was wiped off the value of cryptocurrency markets in the last six months, ruining countless lives and prompting insiders to speculate that the Bitcoin bubble may finally have burst. Giulia Crouch goes inside the start of crypto’s ‘Ice Age’

Al Jazeera

After Terra, Luna crashes, regulators count cost of crypto

Spectacular collapse of stablecoin puts focus on regulatory frameworks in South Korea and Singapore.

Benzinga

Bitcoin Bull Mike Novogratz's Conviction In Terra (LUNA) Was So High, He Got It Tattooed On His Arm — Now, It's A 'Constant Reminder' Of 'Humility'

Galaxy Digital Holdings Ltd (OTC: BRPHF) CEO Mike Novogratz has written a letter to shareholders of the company and the cryptocurrency community at large touching on Terra (CRYPTO: LUNA) and TerraUSD (C

Benzinga

Terra (LUNA) Founder Do Kwon Faces $78M Fine For Tax Evasion

Terra (CRYPTO: LUNA) founder Do Kwon has reportedly been ordered to pay 100 billion won or $78 million in taxes by South Korea’s National Tax Service.

Benzinga

Was Terra (LUNA) A Pyramid Scheme? Here's What Bill Ackman Says

The collapse of cryptocurrency Terra has been one of the most talked-about topics in the crypto world over the past few weeks. A famous hedge fund manager weighed in with his take on the situation and offered up a harsh comparison.

Benzinga

'Fork NO:' 92% Of Terra (LUNA) Crypto Community Against New Chain

A vast majority of the Terra (CRYPTO: LUNA) community is opposed to forking the existing blockchain.

Benzinga

Terra (LUNA) Founder Do Kwon Summoned By Korean Lawmakers As Legal Team Quits

South Korean lawmakers have reportedly summoned Terra (CRYPTO: LUNA) founder Do Kwon to appear before Congress and testify on the subject of TerraUSD’s (CRYPTO: UST) collapse.

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