luna foundation guard – DIGIT INFO

Avalanche buys back $53M in AVAX tokens from Terra’s LFG

DIGIT — Thu, 07 Nov 2024 08:19:33 +0000

The AVAX tokens were purchased for $100 million a month before the infamous Terra Luna collapse.

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Terraform Labs may close products, services in bankruptcy wind-down

DIGIT — Wed, 25 Sep 2024 20:24:56 +0000

Get it before Oct. 30, Terraform Labs tells the third parties it is discussion its wind-down with.

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Seoul Prosecutors Believe Terra Co-Founder Do Kwon Still in Possession of $100 Million Held in Swiss Bank Account

DIGIT — Thu, 27 Apr 2023 14:00:17 +0000

In the wake of the recent legal action against ten associates of Terraform Labs, which included the co-founder Shin Hyun-seong, known to many as Daniel Shin, it appears that prosecutors from Seoul are convinced that Terraform Labs and co-founder Do Kwon are still in possession of a considerable sum of money, specifically 130 billion won […]

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South Korean prosecutors accuse Do Kwon of manipulating Terra’s price

DIGIT — Fri, 04 Nov 2022 02:35:18 +0000

Prosecutors have reportedly secured a “messenger conversation” in which Kwon ordered an employee to manipulate Terra’s market price.

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Report: South Korean Prosecutors Accuse Do Kwon of Manipulating LUNA’s Market Price

DIGIT — Thu, 03 Nov 2022 20:30:55 +0000

On Thursday, Nov. 3, 2022, local reports from South Korea disclosed that Korean prosecutors have allegedly discovered evidence that shows Do Kwon and an associate manipulated the price of LUNA, Terra’s native crypto token. The report further says South Korean prosecutors believe Kwon is hiding out in Europe. Local Report Claims South Korean Prosecutors Have […]

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Distribution of assets is ‘not possible at this time’, says Luna Foundation Guard

DIGIT — Fri, 07 Oct 2022 22:49:40 +0000

The fund cited “ongoing and threatened litigation” in its reasons for being unable to distribute its remaining assets to UST users starting with the smallest HODLers.

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Korean Police Ask Crypto Exchanges to Freeze Luna Foundation Guard’s Assets

DIGIT — Mon, 23 May 2022 23:30:17 +0000

The South Korean police have reportedly launched an investigation into possible embezzlement involving an employee of Terraform Labs. To prevent fund transfers, the police have requested crypto exchanges to freeze the Luna Foundation Guard’s accounts. Embezzlement Investigation and Asset Freeze The Seoul Metropolitan Police Agency’s Cybercrime Investigation Unit announced Monday that it has launched an […]

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Terra fallout: Stablegains lawsuit, Hashed loses billions, Finder wrong and more….

DIGIT — Fri, 20 May 2022 05:15:57 +0000

Yield generation app Stablegains is facing a lawsuit after losing around $44 million worth of user funds in the Terra collapse when it previously said it allocated funds “across a number of stablecoins”.

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Luna Foundation Guard Discloses Usage of Bitcoin Reserves

DIGIT — Tue, 17 May 2022 08:00:13 +0000

The Luna Foundation Guard, the entity in charge of safeguarding the peg of UST, the stablecoin of the Terra ecosystem, has revealed how it used the available Bitcoin reserve before the recent debacle involving the Terra ecosystem. The organization sold part of the bitcoins owned directly, while another part was traded on different dates to […]

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‘A Dark Day for Crypto’ — A Deep Dive Into the Obliterated Terra Token Ecosystem and Damaged Apps

DIGIT — Fri, 13 May 2022 15:30:54 +0000

Following a few days of carnage, the two leading crypto assets built on top of the Terra blockchain have plummeted to significant lows. LUNA has dropped to $0.00000100 per coin and the once-stable coin terrausd (UST) hit a low of $0.044 per unit. After temporarily halting the Terra blockchain and restarting it, the team has […]

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