Terra founder Do Kwon questioned if Genesis Trading provided $1 billion UST to Sam Bankman-Fried and Alameda as “ammo for a peg attack.” I think the time has come for @GenesisTrading to reveal if they provided the $1B UST shortly before the crash to SBF or Alameda – the purchase from LFG was represented as…
👋 Want to work with us? CryptoSlate is hiring for a handful of positions! Hacktivist group Anonymous said it will ensure that Terra founder Do Kwon is brought to justice in a newly released YouTube video. Anonymous listed all of Do Kwon’s alleged crimes, including taking $80 million monthly from the Terra ecosystem and his…
👋 Want to work with us? CryptoSlate is hiring for a handful of positions! A group of investors has filed a class-action lawsuit against Binance.US and its CEO for allegedly failing to comply with federal and state securities laws. According to the filing, Binance.US falsely advertised UST, the algorithmic stablecoin tied to Terra’s LUNA, as…
👋 Want to work with us? CryptoSlate is hiring for a handful of positions! In a recently released statement, the Founder and Chief Executive Officer of Terraform Labs, Do Kwon, said that the level of misinformation in public surrounding the network is high. 1/ While most of our efforts had been spent on Terra 2.0…
👋 Want to work with us? CryptoSlate is hiring for a handful of positions! Indications have emerged that users of the largest DeFi platform on the Terra network, Anchor Protocol, have voted in favor of a proposal that limits the protocol’s functionality to prevent future attacks on the network. 1/ Important update on Anchor Protocol…
👋 Want to work with us? CryptoSlate is hiring for a handful of positions! Tron has become the third-largest network by total value locked (TVL) in DeFi protocols a month after launching its algorithmic stablecoin, USSD. The Justin Sun-led protocol saw its TVL rise to over $6 billion within the last 30 days, placing it…
👋 Want to work with us? CryptoSlate is hiring for a handful of positions! Blockchain analysis and security firm PeckShield issued an alert to warn the crypto community about scammers sending Wrapped LUNA to the public addresses of crypto influencers and CEOs. The scammers created a Wrapped LUNA 2.0 token and sent it to Terra…
Yield app Stablegains faces allegations of misusing clients’ money — and possibly a lawsuit — after losing more than $42 million, which it had invested in UST via Anchor protocol without informing clients. According to allegations posted on social media, the company promised clients a 15% gain on their USDC and fiat USD deposits. However,…
After the abrupt crash of Terra’s UST last week, a popular South Korea-based law firm, LKB & Partners, is set to sue Do Kwon on behalf of South Koreans who invested in the asset, according to local media reports. The law firm is applying to the Seoul Metropolitan Police Agency to seize all Do Kwon’s…
CoinShares’ latest report has revealed that investment into crypto products scored a record inflow of $274 million last week as crypto investors looked to take advantage of the market-wide crash that resulted in the market cap of the industry dropping below the $1.5 trillion mark. Investors flock Bitcoin According to the report, the primary beneficiary…