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3232Terraform Labs Co-Founder Do Kwon Arrested in Montenegro, Says Interior Minister
https://www.digit.info/terraform-labs-co-founder-do-kwon-arrested-in-montenegro-says-interior-minister/
Thu, 23 Mar 2023 16:30:05 +0000https://www.digit.info/2023/03/23/terraform-labs-co-founder-do-kwon-arrested-in-montenegro-says-interior-minister/Read more]]>According to Montenegro’s interior minister Filip Adzic, Terraform Labs co-founder Do Kwon was apprehended at Podgorica airport allegedly bearing falsified documentation. Adzic added that investigators are “waiting for official confirmation of his identity” after Montenegrin police detained the accused suspect. *Editor’s Note: This article was edited with an extra paragraph at 2 p.m. (ET) to […]
]]>Tron’s Stablecoin USDD Deviates From the $1 Peg, Justin Sun Says Team Deployed More Capital
https://www.digit.info/trons-stablecoin-usdd-deviates-from-the-1-peg-justin-sun-says-team-deployed-more-capital/
Mon, 12 Dec 2022 15:30:40 +0000https://www.digit.info/2022/12/12/trons-stablecoin-usdd-deviates-from-the-1-peg-justin-sun-says-team-deployed-more-capital/Read more]]>The Tron-based stablecoin USDD has once again dropped below the $1 parity to a low of $0.969 on Monday, Dec. 12, 2022. Amid the drop in USDD’s value, Tron founder Justin Sun tweeted that his team was “deploying more capital,” and the stablecoin’s web portal usdd.io claims the project is overcollateralized by 200.8% at the […]
]]>Do Kwon, Terraform Labs Face Class-Action Lawsuit for Allegedly Selling Unregistered Securities
https://www.digit.info/do-kwon-terraform-labs-face-class-action-lawsuit-for-allegedly-selling-unregistered-securities/
Sat, 30 Jul 2022 16:00:00 +0000https://www.digit.info/2022/07/30/do-kwon-terraform-labs-face-class-action-lawsuit-for-allegedly-selling-unregistered-securities/Read more]]>While most of the crypto economy’s digital assets have seen significant gains this month, Terra’s luna 2.0 has been stagnant as it has shed 24.37% against bitcoin during the last 30 days. LUNA is down 89.8% from the token’s all-time price high two months ago on May 28. Moreover, the whistleblower Fatman has revealed that […]
]]>Do Kwon Accused of Cashing out $2.7B Before UST Collapse, Terra Founder Says Allegations Are False
https://www.digit.info/do-kwon-accused-of-cashing-out-2-7b-before-ust-collapse-terra-founder-says-allegations-are-false/
Mon, 13 Jun 2022 05:30:51 +0000https://www.digit.info/2022/06/13/do-kwon-accused-of-cashing-out-2-7b-before-ust-collapse-terra-founder-says-allegations-are-false/Read more]]>Terra’s new LUNA 2.0 token has lost 54% in value in the last two weeks, after reaching $11.33 per unit on May 30. Meanwhile, the whistleblower Fatman has accused Terra’s co-founder Do Kwon of cashing out $2.7 billion a few months before the UST de-pegging incident. Kwon, however, has been keeping tabs on Fatman’s accusations […]
]]>LUNA 2.0 Token Loses 56% Since Last Week, Whistleblower Accuses Terraform Labs of Owning Shadow Wallets
https://www.digit.info/luna-2-0-token-loses-56-since-last-week-whistleblower-accuses-terraform-labs-of-owning-shadow-wallets/
Mon, 06 Jun 2022 20:00:50 +0000https://www.digit.info/2022/06/06/luna-2-0-token-loses-56-since-last-week-whistleblower-accuses-terraform-labs-of-owning-shadow-wallets/Read more]]>After climbing to $11.33 per unit seven days ago on May 30, Terra’s new LUNA 2.0 token has lost more than 56% in value against the U.S. dollar. Amid the market performance, a number of former Terra-based decentralized finance (defi) projects are transitioning over to the new Phoenix-1 blockchain. In addition to the defi projects […]
]]>Terra Whistleblower Publishes Alleged Chat Log Between Do Kwon and Network Validators
https://www.digit.info/terra-whistleblower-publishes-alleged-chat-log-between-do-kwon-and-network-validators/
Thu, 02 Jun 2022 16:30:35 +0000https://www.digit.info/2022/06/02/terra-whistleblower-publishes-alleged-chat-log-between-do-kwon-and-network-validators/Read more]]>Over two weeks after the Terra LUNA and UST fallout, a whistleblower dubbed “Fatman” published an alleged chat log between the project’s co-founder Do Kwon, Terra validators, and infrastructure providers from the Terra blockchain community. If the chat log is legitimate, Fatman claims the document proves over 50 people “knew about the [network] halt before […]
According to Montenegro’s interior minister Filip Adzic, Terraform Labs co-founder Do Kwon was apprehended at Podgorica airport allegedly bearing falsified documentation. Adzic added that investigators are “waiting for official confirmation of his identity” after Montenegrin police detained the accused suspect. *Editor’s Note: This article was edited with an extra paragraph at 2 p.m. (ET) to […]
The Tron-based stablecoin USDD has once again dropped below the $1 parity to a low of $0.969 on Monday, Dec. 12, 2022. Amid the drop in USDD’s value, Tron founder Justin Sun tweeted that his team was “deploying more capital,” and the stablecoin’s web portal usdd.io claims the project is overcollateralized by 200.8% at the […]
While most of the crypto economy’s digital assets have seen significant gains this month, Terra’s luna 2.0 has been stagnant as it has shed 24.37% against bitcoin during the last 30 days. LUNA is down 89.8% from the token’s all-time price high two months ago on May 28. Moreover, the whistleblower Fatman has revealed that […]
Terra’s new LUNA 2.0 token has lost 54% in value in the last two weeks, after reaching $11.33 per unit on May 30. Meanwhile, the whistleblower Fatman has accused Terra’s co-founder Do Kwon of cashing out $2.7 billion a few months before the UST de-pegging incident. Kwon, however, has been keeping tabs on Fatman’s accusations […]
After climbing to $11.33 per unit seven days ago on May 30, Terra’s new LUNA 2.0 token has lost more than 56% in value against the U.S. dollar. Amid the market performance, a number of former Terra-based decentralized finance (defi) projects are transitioning over to the new Phoenix-1 blockchain. In addition to the defi projects […]
Over two weeks after the Terra LUNA and UST fallout, a whistleblower dubbed “Fatman” published an alleged chat log between the project’s co-founder Do Kwon, Terra validators, and infrastructure providers from the Terra blockchain community. If the chat log is legitimate, Fatman claims the document proves over 50 people “knew about the [network] halt before […]