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A detailed timeline of Terra's journey from its underdog start as a payments app in South Korea to a $60 billion crypto ecosystem to one of the biggest failures in crypto.
A detailed timeline of Terra's journey from its underdog start as a payments app in South Korea to a $60 billion crypto ecosystem to one of the biggest failures in crypto.
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Delphi says the LUNA tokens accounted for 13% of its assets under management at their peak, while Hashed appears to have lost over $3.5 billion.
Delphi says the LUNA tokens accounted for 13% of its assets under management at their peak, while Hashed appears to have lost over $3.5 billion.
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Do Kwon's proposal to fork the failed stablecoin network isn't what LUNA holders want, nor will it help them.
Do Kwon's proposal to fork the failed stablecoin network isn't what LUNA holders want, nor will it help them.
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“$UST peg failure is Terra’s DAO hack moment,” the Terraform Labs CEO wrote, “a chance to rise up anew from the ashes.”
“$UST peg failure is Terra’s DAO hack moment,” the Terraform Labs CEO wrote, “a chance to rise up anew from the ashes.”
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Blockchain analytics firm Elliptic follows the money to major exchanges Gemini and Binance.
Blockchain analytics firm Elliptic follows the money to major exchanges Gemini and Binance.
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In 2009, Satoshi Nakamoto encoded a mission statement for the industry in Bitcoin's first block. Essentially, crypto should first do no harm.
In 2009, Satoshi Nakamoto encoded a mission statement for the industry in Bitcoin's first block. Essentially, crypto should first do no harm.
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The admission comes after the stunning demise of the Terra blockchain’s flagship project.
The admission comes after the stunning demise of the Terra blockchain’s flagship project.
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Terraform Labs' Do Kwon and his collaborators sold a bad bet to thousands of everyday folks. We're beginning to see how immense the harm was.
Terraform Labs' Do Kwon and his collaborators sold a bad bet to thousands of everyday folks. We're beginning to see how immense the harm was.
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A stablecoin de-pegged. People lost money. It ain’t great.
A stablecoin de-pegged. People lost money. It ain’t great.
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One of the earliest signs that things were going wrong for Terra came when UST deposits on Anchor started dropping Saturday.
One of the earliest signs that things were going wrong for Terra came when UST deposits on Anchor started dropping Saturday.