LUNA Archives - The Defiant
Crypto Contagion: Mapping the fallout from $LUNA, 3AC, Celsius, Voyager and BlockFi
You’ll no doubt be hearing the word contagion from all corners but didn’t we just escape the clutches of the pandemic. Well yes. But crypto is really like a house of mirrors where nothing is ever what it seems. But it’s also a house of cards, built on a complex system of levered dependencies. And …
Voyager Delivers Painful Lesson on Perils of Counterparty Risk in Bankruptcy Drama
Exposure to Three Arrows Sinks Crypto Exchange as Dominoes Fall
Two Traders Targeting 3Pool Poleaxed Terra: Report
Chainalysis Finds 150M UST Withdrawal from Curve Pool Triggered Chain Reaction
DeFi’s TVL Fell 40% in May But Bright Spots Emerge
MakerDAO and Tron Buck Historic Selloff
New LUNA Coin Surges While Terra Controversy Escalates
The Terra token has approximately doubled in price two days after its launch, even as controversy surrounding Terra and the activities of its founders continues to grow. Terra airdropped Terra 2.0’s LUNA to holders of the network tokens of the fallen Terra Classic chain – what’s now known as Luna Classic (LUNC), and the network’s …
New Terra Launches – LUNA Dumps, LUNC Pumps
It’s been a traumatic couple of weeks in crypto and the drama continued last week with the Ethereum beacon chain suffering a 7 block reorg when some but not all nodes failed to upgrade the validator software in time. The market reacted as expected with Eth selling off violently down to the low 1700s before …
Terra Founder Faces Government Investigations, Lawsuits, and $78M Fine for Tax Evasion
South Korean authorities have formed an emergency financial crimes unit to investigate the collapse of stablecoin protocol Terra, and fined the protocol’s founder, Do Kwon, $78M for tax evasion, local media reported. The government agencies want to understand why UST, Terra’s US dollar stablecoin, lost its peg on May 9. The crash wiped $18 billion …
Do Kwon Wants to Save Terra by Creating a New Chain With 1B of Tokens for LUNA and UST Holders
The Terra ecosystem’s notorious leader is trying to salvage the resources and talent left behind in the wreckage that is UST’s depegging.
Algorithmic Stablecoin Landscape Suffers Tremors After Terra Crash
Terra’s UST collapse has shattered the foundations of the algorithmic stablecoin market.
Terra Network Restarts After Second Shutdown; Binance Delists LUNA and UST Pairs
Terra Stops and Starts to Salvage Network.
Terra Temporarily Halts Blockchain To Prevent Governance Attack
The Terra blockchain was halted to deploy an emergency upgrade intended to forestall governance attacks.
Do Kwon Humbled as LUNA Spirals and UST Suffers ‘Lehman Moment’
Terra Struggling to Stabilize Crisis as Investors Flee
Terra’s LUNA Crashes 95% As Investors Mull Recovery Plan
Terra’s Flagship Token is Cratering