TerraForm Labs proposes to burn $1.3B in UST to save LUNA
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Terraform Labs proposed to burn a total of $1.3 billion worth of UST to save LUNA to combat the current crisis. A three-step emergency plan was posted on the project’s Twitter account, which included…
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Terraform Labs CEO Do Kwon announced a possible “solution” to deal with the massive crash LUNA and UST experienced over the last couple of days. TerraUSD (UST), a stablecoin pegged 1:1 to the U.S.... [[ This is a content summary only. Visit my website for full links, other content, and…
A new development has occurred in the case of Terraform Labs, which is currently undergoing bankruptcy and liquidation proceedings. According to the Wall Street Journal (WSJ), Todd Snyder, the liquidator of Terraform Labs, has filed a new lawsuit against Jane Street, a leading U.S. market maker, alleging that it engaged…
Official records show Do Kwon dissolved Terraform Labs Korea, closing down its headquarters and sole branch just days before the collapse of terra crypto (LUNA) and stablecoin terrausd (UST). Do Kwon... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] Go…