Terra News

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.

Anthony Scaramucci called NAYG’s lawsuit against Galaxy Digital “lawfare,” while another crypto executive said the particular law was so unusual he had to look it up on ChatGPT.

The launch of the crypto claims portal comes nearly three years after the Terra ecosystem’s $45 billion collapse in May 2022.

Galaxy Digital will pay $200 million to settle allegations of promoting collapsed crypto Terra without disclosure, as the NY AG claimed it spread false information.

The implementation comes nearly three years after the $40 billion stablecoin issuer Terra collapsed in May 2022.

The missing $1.5 billion may still not have been enough for 3AC to cover creditor claims before the $10 billion crypto hedge fund’s collapse in 2022, Nansen analysts told Cointelegraph.

3AC liquidators have been trying to claw back funds held by the hedge fund on FTX since it filed a June 2023 claim in the collapsed exchanges bankruptcy case.

The next hearing in the US government’s case against Terraform Labs co-founder Do Kwon has been delayed until April after prosecutors said they found another four terabytes of evidence.

The Index, which measures overall sentiment in the crypto market, has not seen levels this low since the collapse of multiple crypto firms in 2022.

As part of discovery proceedings, prosecutors said they would search the Terraform Labs co-founder’s emails and Twitter account.

The Terraform Labs co-founder is in US custody after pleading not guilty to nine felony charges related to fraud at the platform.

Do Kwon, Terraform Labs co-founder, was extradited to the US by Montenegro, bypassing South Korea’s petition.

The Terraform Labs co-founder was indicted on eight felony charges in 2023 but will likely face an additional count for money laundering conspiracy.