Luna Foundation Guard

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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 May, according to a third-party audit by consultancy firm JS Held. "The Hash" hosts discuss the key findings.
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CoinDesk - Unknown
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 Science co founder and CEO Mriganka Pattnaik discusses what we know so far and the outlook for algorithmic stablecoins Plus insights into tracking Luna Foundation Guard's [...]
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Terra Washington Nationals
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 Washington Nationals

LUNC, antes llamado LUNA, duplicó su precio en una semana en previsión de un nuevo régimen de quema de tokens. (moonjazz/flickr)
Luna classic, de Terra, sube por especulación de traders sobre nueva regulación de quema de tokens
En un intento por revivir el frustrado token de la blockchain de Terra, la propuesta aprobada eliminará el 1,2% de cada transacción para reducir la oferta.
LUNC, antes llamado LUNA, duplicó su precio en una semana en previsión de un nuevo régimen de quema de tokens. (moonjazz/flickr)

moon cloud
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.
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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 the latest news roundup.
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)

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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.
Bithumb app

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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)