Terra News

A federal judge heard statements from some of Terraform Labs’ and Do Kwon’s victims for hours before deciding on the co-founder’s sentence.

The Terraform Labs co-founder could face up to 40 years in prison in South Korea, but a judge questioned whether the country would ignore his US sentence.

A sentencing recommendation said that Do Kwon had caused more losses than Sam Bankman-Fried, Alex Mashinsky and Karl Sebastian Greenwood combined.

Terraform Labs co-founder Do Kwon asked a US court to limit his prison term to five years as he faces a separate case in South Korea.

Elixir said it will sunset its deUSD stablecoin after $75 million worth of the token became entangled in Stream Finance’s $93 million loss.

From TerraUSD’s crash to Yala’s YU, several stablecoins have failed to hold their peg. Here’s why depegging happens and the risks you can’t afford to ignore.

The Terraform Labs co-founder was indicted in 2023 on nine charges related to the collapse of the ecosystem, resulting in an estimated $40 billion in losses.

In January, the Terraform Labs co-founder pleaded not guilty to several charges, including securities fraud, market manipulation, money laundering and wire fraud.

The founder of lending firm MyConstant agreed to pay over $10 million to the SEC to settle claims that he used investors’ money to buy the now-collapsed Terra stablecoin.

The dEURO is overcollateralized by other digital assets such as Bitcoin, Ether and Monero.

In a Wednesday status conference, the judge overseeing the Terraform Labs co-founder’s case reportedly said he was “mindful of the GENIUS Act.”

After earning $3 million from NFT sales, Jonathan Mann watched it vanish in a crash, and now he’s turned the ordeal into a painfully honest crypto tax tune.

Mantra’s comparison to the Terra Luna collapse is inaccurate despite price chart similarities because the token crashes are fundamentally different, crypto community members said.

The OM price bounce appears eerily similar to what Terra's LUNA witnessed after its 99% crash in May 2022.

FDUSD depegged after Justin Sun accused First Digital of insolvency, but the firm has since redeemed nearly $26 million in stablecoins.