"The Terraform Labs founder will serve his four-month sentence in Montenegro for document forgery before a final decision on his extradition."

"The complaint alleged that Kwon and Terraform worked with a U.S. trading firm, which was not named, to restore UST's peg after it fell nearly 10 cents in May 2021. After the trading firm bought amounts of the UST token, it received LUNA _...Read More_

>"Charges include securities fraud and misleading statements regarding LUNA and Terra USD."

Interpol has issued a worldwide arrest warrant for Terraform Labs founder DoKwon. He faces charges related to the $60 billion wipeout of cryptocurrencies he created.

>"Do Kwon, the disgraced founder of the once multi-billion dollar Terra ecosystem, has hired new lawyers in South Korea to _...Read More_

[https://www.google.com/amp/s/timestabloid.com/proposal-for-the-massive-burn-of-terra-classic-lunc-to-boost-price-receives-83-support-details/amp/](https://www.google.com/amp/s/timestabloid.com/proposal-for-the-massive-burn-of-terra-classic-lunc-to-boost-price-receives-83-support-details/amp/) >"Some Terra investors still resolutely believe that Terra Classic (LUNC) can be revived _...Read More_

The new Terra blockchain will be launched in the next couple of days and includes a new distribution of LUNA tokens.

"The 99.9999% catastrophic collapse of LUNA and the depeg of UST has created major ripples in the cryptocurrency world, and irreversibly shaken the public’s trust in “algorithmic stable _...Read More_

This debacle still has many more innings. I can't say I'm optimistic about the launch of Terra Classic! Lot's of mudslinging and speculation around the terra collapse already starting _...Read More_

"On Sunday night, Do Kwon posted another Twitter status referring to the burn wallet he had shared earlier, saying that sending tokens to this address will result in nothing except the loss of tokens."

''After Terra’s historic collapse, many accused Do Kwon of foul play. He’s stood his ground this week and won back some support''

>"A detailed timeline of Terra's journey from its underdog start as a payments app in South Korea to a $60 billion crypto ecosystem to one of the biggest failures in crypto."

''As UST and LUNA founder Do Kwon struggles to resolve his currencies’ sudden fall from grace, which shocked crypto markets last week, the Terra _...Read More_

>"The Coinbase Institute is launching roughly a year after Coinbase Fact Check, an initative to respond to or clarify media reports."