Terra News

This measure is intended to counteract the influx of spam and irrelevant proposals submitted for voting within the Terra Classic community.

The Singapore-based crypto exchange has been in ongoing bankruptcy proceedings since August 2022.

Prime Core Technologies said that “under prior management” it had lost $6 million in user funds and $2 million in treasury funds through investments in the algorithmic stablecoin.

The freeze comes shortly after Terra’s website was compromised over the weekend by hackers who attempted to scam users via phishing attacks.

Some of the same techniques used to study the thermal history of the universe can be used to understand crypto crashes.

The Securities and Exchange Commission wants to question Daniel Shin on Do Kwon and Chai Corporation’s relationship with Terraform Labs.

Terraform Labs claimed that the failures of its algorithmic stablecoin and governance token were the result of an attack from short-sellers, potentially involving Alameda Research.

Judge Jed Rakoff gave a detailed interpretation of the Howey test that was at odds with the decision in the Securities and Exchange’s case against Ripple.

Terra co-founder Do Kwon is currently in a Montenegrin prison as the platform remains under scrutiny in South Korea, but crypto users continue to seek out information on wallets.

Terraform Labs recently appointed CEO, Chris Amani, held a Twitter Spaces to separate the operations of Terraform Labs from Do Kwon’s personal affairs.

Terraform filed a motion to access information from wallets used by short sellers during the collapse of its algorithmic stablecoin in 2022.

Chris Amani, a Terra employee since 2021, has reportedly been serving as the company’s CEO for months.

Terra co-founder Do Kwon is currently in custody in Montenegro, while Daniel Shin’s trial preparations in South Korea are reportedly underway.

Blockchain data showed the wallet reportedly associated with LFG had a balance of roughly 6,983 BTC in October 2022, with transactions later moving funds to different addresses.

The Terra Classic burn mechanism automatically burns tokens whenever a transaction occurs on the network.