Luna Foundation Guard

Luna Foundation Guard Spent $2.8B in Crypto Defending UST Peg
Luna Foundation Guard Spent $2.8B in Crypto Defending UST Peg
Luna Foundation Guard (LFG), the entity behind the collapsed Terra ecosystem, spent $2.8 billion of crypto trying to defend the peg of algorithmic stablecoin TerraUSD (UST) in...
Luna Foundation Guard Spent $2.8B in Crypto Defending UST Peg

South Korean Prosecutors Say Reports of Do Kwon’s Stopover in Dubai ‘Not False’: Bloomberg
South Korean Prosecutors Say Reports of Do Kwon’s Stopover in Dubai ‘Not False’: Bloomberg
Terra blockchain creator Do Kwon, who said he is not on the run, is rumored to have left Singapore for Dubai according to South Korean prosecutors telling Bloomberg. Merkle Sc...
South Korean Prosecutors Say Reports of Do Kwon’s Stopover in Dubai ‘Not False’: Bloomberg

Terra's logo inside Nationals Ballpark (Danny Nelson)
LFG Slow-Walks Plan to Repay Small-Time Terra Holders, Citing Legal Threats
The Luna Foundation Guard still has about $100 million in reserves that it has pledged as compensation.
Terra's logo inside Nationals Ballpark (Danny Nelson)

LUNC, the former LUNA, doubled its price in a week in anticipation of a new supply burn regime. (moonjazz/flickr)
Crypto Terra Luna Classic Surges as Traders Speculate on New Supply Burn Rule
In an attempt to revive the failed Terra blockchain’s token, the approved proposal will destroy 1.2% of every transaction to reduce supply.
LUNC, the former LUNA, doubled its price in a week in anticipation of a new supply burn regime. (moonjazz/flickr)

Markets Daily Podcast Cover
Crypto News Roundup for Aug. 23, 2022
With the total crypto market capitalization falling below the $1 trillion mark, plus the taboo topic at South Korea’s Blockchain Week, CoinDesk’s “Markets Daily” is back with...
Markets Daily Podcast Cover

According to former employees, "Terra" was the unofficial beer of Terraform Labs.  (Sam Kessler/CoinDesk)
'Don't Say Terra' and Other Reflections From Korea's Crypto Extravaganza
A string of conferences in Seoul explored the future of DeFi, but the $40 billion blowup of a major Korean project was not on the agenda.
According to former employees, "Terra" was the unofficial beer of Terraform Labs.  (Sam Kessler/CoinDesk)

The offices of Bithumb and six other South Korean crypto exchanges were reportedly raided by investigators. (Shutterstock)
Prosecutors Raid 7 Korean Exchanges Amid Terra Probe: Report
Seven exchanges and eight other addresses have been raided in connection to the Terraform Labs fraud investigation.
The offices of Bithumb and six other South Korean crypto exchanges were reportedly raided by investigators. (Shutterstock)

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Stablecoins Could Still Dominate Post-Terra, S&P Says
Not all stablecoins are alike, analysts note, but regulations may be needed to precipitate audits and investor fairness.
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(Javardh/Unsplash)
Terraform Labs, Founder, VC Firms Sued on Claims That Investors Were Misled
The plaintiff alleges the so-called "Terra Tokens" resembled securities, regardless of investor perception.
(Javardh/Unsplash)