Tag: TerraUSD
Jury Begins Deliberations in U.S. Civil Fraud Case Against Do Kwon, Terraform Labs
During her closing arguments on Friday, SEC attorney Laura Meehan told the jury that during a prior de-peg in May 2021, Kwon and Terraform Labs made a [...]
Do Kwon Faces Extradition From Montenegro to U.S. for Charges Tied to UST and LUNA Collapse: WSJ
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Terra’s USTC and LUNC Crypto Tokens Skyrocket on BTC-Based Comeback Plan
LUNC is up roughly 60% this week, including a nearly 20% rise over the past 24 hours, CoinDesk data shows. USTC, meanwhile, has almost quadrupled in p [...]
Do Kwon’s TerraUSD SEC Case May Hinge on Role of Market Maker Jump Trading, Court Docs Show
Jump’s involvement may matter due to an incident a year earlier, in which UST temporarily lost its peg to the dollar. While Kwon told investors the co [...]
Genesis Ordered to Comply With Subpoenas Linked to Do Kwon’s Terra Stablecoin TerraUSD
Rakoff is also grappling with how to extract information from Kwon in connection with the case. Kwon’s lawyers have argued he can’t come to the U.S. a [...]
Prime Trust parent company lost $8M investing in TerraUSD
The parent company of crypto custodian Prime Trust, currently involved in Chapter 11 bankruptcy proceedings, has reported losing roughly $8 million in [...]
Jump Trading faces lawsuit over alleged $1.3B profit from TerraUSD
A lawsuit filed in a district court in Illinois details Jump Trading's alleged involvement with Terra Labs in manipulating the price of algorithmic st [...]
FBI, NY authorities probes collapse of TerraUSD stablecoin: Report
The United States Justice Department is reportedly investigating the collapse of the TerraClassicUSD (USTC) stablecoin which contributed to a $40 bill [...]
Justice Department Investigating TerraUSD Stablecoin Collapse: Reports
Such a bailout never took place, but the investigation is seeking to determine whether the firms were involved in possible market manipulation. TerraU [...]
SEC Sues Terraform Labs, Do Kwon for Misleading Investors on TerraUSD Stablecoin: Bloomberg
The collapse of TerraUSD last year led to wave of bankruptcies in the crypto industry.
www.coindesk.com [...]
Coinbase is facing class action suits over unstable stablecoins GYEN, TerraUSD
A class-action suit was filed against Coinbase on Thursday claiming the trading platform was negligent in its listing of the TerraUSD stablecoin and a [...]
SEC Investigating Company Behind TerraUSD Stablecoin: Report
The SEC is reportedly investigating whether Terraform Labs violated federal investor protection laws in how it marketed TerraUSD (UST) and Luna.
www. [...]
These are the least ‘stable’ stablecoins not named TerraUSD
The recent collapse of once the third-largest stablecoin, TerraUSD (UST), has raised questions about other fiat-pegged tokens and their ability to mai [...]
Here’s everything you need to know about TerraUSD, Tether and other stablecoins
The crypto winter could be claiming more casualties among the stablecoin camp. The depegging of TerraUSD (UST) on May 10 triggered market selloffs, an [...]
Bitcoin and Ethereum fall to lowest points in over a year as TerraUSD becomes unpegged
Cryptocurrencies took another hammering, with TerraUSD’s collapse yesterday causing an “industry-based panic”.
Bitcoin nosedived another 14%, chang [...]