U.S. and South Korean authorities have agreed to collaborate on the investigation of Terra’s implosion, South Korea’s Yonhap News Agency reported July 6. South Korea’s Justice Minister Han Dong-hoon met with Andrea Griswold, co-chief of the Securities and Commodities Task Force, and Scott Hartman, chief of the Securities and Commodities Fraud Task Force, at the…
👋 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! 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! Two weeks after Terra’s ecosystem restarted through LUNA 2.0 airdrop, the coin has seen its value plummet to new lows after its price dropped by 77%. According to Coingecko data, the coin is currently trading for $4.33. Although the overall performance…
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…
A former Terra Labs employee has reportedly revealed that Terra co-founder Do Kwon was one of the creators of Basis Cash. This algorithmic stablecoin failed last year, a Coindesk report has revealed. Citing a former engineer at Terraform Labs, Hyungsuk Kang, the report stated that Basis Cash was, in fact, the early works of Terra creators,…
Cardano founder Charles Hoskinson said that ADA’s $723 million treasury is decentralized. Hoskinson, who is also an Ethereum co-founder, said this in response to a tweet made by dcSpark founder Sebastian Guillemot about the Cardano treasury. And that’s only going to grow. Cardano has its own growth fund and its decentralized! https://t.co/uzTUaciMPE — Charles Hoskinson…
Luna Foundation Guard (LFG) said on May 9 that it will lend out $1.5 billion worth of Bitcoin (BTC) and UST to defend the algorithmic stablecoin’s peg to the U.S. dollar. Terra’s UST suffered a coordinated attack on May 8, which led to de-pegging from its $1 mark to below $0.992. While the de-pegging lasted…