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Terra co-founder Do Kwon granted bail following Montenegro ruling

0xMain
June 5, 2023

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Terra co-founder Do Kwon could potentially be rereleased on bail again following a court ruling in Montenegro. According to an official release from the Basic Court, Podgorica, an appeal against an earlier bail agreement by the State Prosecutor’s Office was cast aside, allowing...

What happened to Terra Luna: one year after collapse

0xMain
June 5, 2023

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In May 2022, the crypto community was shattered by the crash of the Terra ecosystem. One year after, we are reconstructing the events, from luna’s depeg to Terraform CEO Do Kwon becoming a criminal. Terra and its sibling token LUNA have charted a...

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Carbon integrates Alliance assets from Terra

0xMain
June 1, 2023

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied In a recent announcement on Twitter, Carbon, a cross-chain staking protocol, revealed the introduction of their first Alliance assets from Terra. This listing sets the stage for expanded opportunities...

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Terra classic developers delay v2.1.0 upgrade to allow for more tests

0xMain
May 29, 2023

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied In the updated Q2 plan, the L1JTF team is delaying the release of v2.1.0. The project manager for L1JTF, LuncBurnArmy (LBA), said the original release date of May 31...

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Terra founder gets bail, institutional adoption surges, regulatory efforts endure

0xMain
May 14, 2023

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The crypto space witnessed an eventful week with several key developments. Authorities in Montenegro agreed to release Kwon Do-Hyung, founder of the failed Terra ecosystem, on bail despite the US and South Korea calling for his extradition. Meanwhile, institutional adoption of cryptocurrencies saw...

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Montenegro court releases Terra founder Do Kwon on $436k bail

0xMain
May 13, 2023

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Terraform Labs founder Do Kwon and his former chief financial officer Han Chong-Joon have been granted bail by a court in Montenegro. According to media reports, the court decided to release Kwon and Han to house arrest under police supervision on bail of €400,000...

South Korea sets trial date for Terraform Labs co-founder over Terra Luna collapse

0xMain
May 11, 2023

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Terraform Labs co-founder Shin Hyun-seung and seven other associates are set to face trial on May 26 over fraud charges related to the collapse of the Terra-Luna stablecoin and crypto project in May 2022. Despite the gravity of the situation, Shin seems to...

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Terra Classic’s DeFi project Terraport suffers exploit shortly after launch

0xMain
April 10, 2023

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Terraport Finance, the recently launched decentralized finance (DeFi) project on the Terra Classic network has been hacked, with 15 billion LUNC drained from the protocol. 15 billion LUNC and 9.7 million TERRA wiped from liquidity wallet In a tweet on April 10, 2023,...

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Fresh insights on Terra, Binance FUD grows, CBDCs and NFTs take center stage

0xMain
April 9, 2023

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This week, government agencies made headlines for their involvement in the crypto scene, especially in the Terraforms Labs situation and central bank digital currency (CBDC) developments. Despite growing concerns and uncertainties surrounding Binance, the exchange remained dedicated to its growth strategy. Meanwhile, the...

South Korea seeks to seize $314m in assets from Terra executives

0xMain
April 7, 2023

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The office of the Seoul prosecutor is seeking to seize assets worth $314 million from eight Terra officials, including CEO Do Kwon, who was recently arrested in Montenegro. According to South Korean news outlet KBS, Do Kwon, CEO and co-founder of Terra Labs,...