April 30th, 2025
Luna Classic News - Page 4
Do Kwon Is Confident in Rebuilding Terra Blockchain
By Ibukun Ogundare
June 23rd, 2022
Following the collapse of both the UST stablecoin and Terra’s native token Luna last month, Terraform Labs CEO Do Kwon is confident about rebuilding the Terra blockchain.
Korean Exchanges Agree on Code to Limit Investor Risk
By Babafemi Adebajo
June 16th, 2022
The new code will protect investors by systemizing token listings and delisting.
Binance.US Faces Class Action Lawsuit Over UST & LUNA Sale
By Tolu Ajiboye
June 14th, 2022
A number of aggrieved investors have filed a lawsuit against Binance.US for misleading the public into buying the UST and LUNA coins.
US SEC Launches Fresh Investigation in Terraform Labs Following UST Stablecoin Crash
By Bhushan Akolkar
June 10th, 2022
The US SEC has asked Terraform Labs to comply with the regulation and found that $80 million from company’s funds were moved to different wallets before the LUNA crash.
Winklevoss Twins’ Gemini Exchange to Layoff 10% of Staff due to Crypto Winter
By Tolu Ajiboye
June 3rd, 2022
Gemini issued a memo to all its staff nationwide notifying them of an impending layoff to help the company survive the bear market.
Binance Complete First Phase of Terra 2.0 Airdrop, Users Face Issues
By Bhushan Akolkar
June 1st, 2022
Binance successfully completed the LUNA airdrop on Tuesday, however, there have been reports of some mismanagement in the token distribution.
LUNA 2 Price Spikes 90% Ahead of Slated Binance Airdrop
By Tolu Ajiboye
May 31st, 2022
LUNA 2 saw its price quickly jump to $11.33, anticipating Binance’s airdrop. However, the token price has since receded to around $8.26.
South Korean Authorities Launch Official Probe in Terra UST Crash, Summon All Employees
By Bhushan Akolkar
May 31st, 2022
The Korean investigators are looking into the possibility of any intentional manipulation of the UST stablecoin price. After the Terra 2.0 launch, the team continues to face new challenges and hurdles.
Terra DeFi $90 Million Exploit Identified after Going Unnoticed for 7 Months
By Tolu Ajiboye
May 31st, 2022
A Terra community member discovered a $90 million DeFi exploit on the Terra blockchain that was not known to the public for months.
Terra Launches LUNA 2.0 Which Plunges 70% 24 Hours Later
By Tolu Ajiboye
May 30th, 2022
Terra launched LUNA 2.0 on schedule without the UST or any algorithmic stablecoin. LUNA however crashed within a day.
Some UST & LUNA Investors Cashed Out Before Price Collapse
By Tolu Ajiboye
May 30th, 2022
A number of UST investors, such as VC firms, suggest that judicious moves prior to the price crash saved them from incurring heavy losses.
Staking Companies Figment and Chorus One Say They Would Not Support New Terra Blockchain, Allege Voting Indiscretions
By Tolu Ajiboye
May 27th, 2022
The two staking companies specified that that they would not support Terra 2.0 because of the network’s voting process.
Terra Approves Plan to Burn 11% or 1.38B UST Tokens a Day Before Terra Hardfork
By Bhushan Akolkar
May 27th, 2022
The Terra governance system has voted to burn nearly 1.4 billion UST tokens from the project’s community pool and UST deployed for past liquidity incentives on Ethereum.
Crypto Exchanges Support Terra’s Rebirth
By Tolu Ajiboye
May 26th, 2022
A number of crypto exchanges have announced that they would support or probably list the new Terra on their platforms.
Tether Sees Over $10B Withdrawn from Circulatory Supply amid UST Crash
By Tolu Ajiboye
May 23rd, 2022
Investors pulled out billions of dollars in value from the Tether circulatory supply after regulators raised red flags around stablecoins.