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The Latest Breaking News from Do Kwon

The Luna Crash Might Have Been Intentional – Here's Why

As a result of the Luna cryptocurrency and the (CRYPTO: UST) stablecoin, which are both linked to the Terra (CRYPTO: LUNA) blockchain, the cryptocurrency market has tanked and is struggling to recover, with some even predicting the collapse of t

Benzinga

South Korean Police To Freeze Terra's (LUNA) LFG Funds On Embezzlement Allegations

The Seoul Metropolitan Police are looking to freeze the Luna Foundation Guard’s (LFG) company funds as the Terra (CRYPTO: LUNA) controversy continues to unfold.

Benzinga

After Terra, Luna crashes, regulators count cost of crypto

Spectacular collapse of stablecoin puts focus on regulatory frameworks in South Korea and Singapore.

Al Jazeera

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South Korea's 'Grim Reaper' Task Force To Investigate Terra (LUNA) Collapse

South Korea has revived the ‘Yeouido Grim Reaper’ financial crimes task force to investigate the collapse of Terra’s (CRYPTO: LUNA) stablecoin TerraUSD (CRYPTO: UST).

Benzinga

Terra (LUNA) Founder Do Kwon Faces $78M Fine For Tax Evasion

Terra (CRYPTO: LUNA) founder Do Kwon has reportedly been ordered to pay 100 billion won or $78 million in taxes by South Korea’s National Tax Service.

Benzinga

Terra (LUNA) Founder Do Kwon Summoned By Korean Lawmakers As Legal Team Quits

South Korean lawmakers have reportedly summoned Terra (CRYPTO: LUNA) founder Do Kwon to appear before Congress and testify on the subject of TerraUSD’s (CRYPTO: UST) collapse.

Benzinga

No, Terra (LUNA) Founder Do Kwon Isn't Offering You Free Bitcoin Or Ethereum

A scammer is pretending to be Binance on YouTube and running a Bitcoin (CRYPTO: BTC) and Ethreum (CRYPTO: ETH) giveaway scam.

Benzinga

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Do Kwon Proposes Terra Hard Fork, Airdrop To TerraUSD, LUNA Holders

Terra (CRYPTO: LUNA) founder Do Kwon has proposed a blockchain hard fork to revive the project’s ecosystem.

Benzinga

Bitcoin Back Below $30K Level, Ethereum, Dogecoin In Red: Why Analyst Thinks Apex Coin Is In A 'Fight For Its Life'

Bitcoin traded below the $30,000 mark, while Ethereum and Dogecoin were also weaker over the last 24 hours at press time on Monday evening, as the global cryptocurrency market cap declined 4.4% to $1.3 trillion.

Benzinga

'Not All Bad Things Are The Same Bad Thing': Why Is FTX CEO Sam Bankman-Fried Comparing Luna To Netflix?

The CEO of one of the largest cryptocurrency platforms shared his take on the collapse of Terra (CRYPTO: LUNA) and the stablecoin TerraUSD (CRYPTO:

Benzinga

$7.6bn of ‘stablecoin’ tether redeemed since start of crypto crisis

Figures suggest company has paid out more than total cash on hand, as terra backers prepare relaunch

The Guardian - UK

Terra's Do Kwon 'Heartbroken' Over UST Collapse, Doge's Billy Markus Tells Him To Leave The Industry

In a recent Twitter post, Terra (CRYPTO: LUNA) founder Do Kwon has said that he is “heartbroken” about his creations losing all of their value this week.

Benzinga

The Weekly Wrap for Saturday, 14 May 2022

It's been a bad week (month, year) to be a Web3 booster. Coinbase conceded that it may not be able to protect all the deposits it holds if it goes under. NFT's are evaporating and not even a CGI model of Madonna's vagina can save them. But in this edition…

inkl Originals

Terra (LUNA) Founder Do Kwon Said To Ask For 'Emergency Protection' From Police

South Korean police are investigating a report that an unknown person visited the residence of Terra (CRYPTO: LUNA) founder Do Kwon.

Benzinga

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Benzinga

Terra Founder Wants To Save TerraUSD As Reports Suggest He Was Behind The Basis Cash Failed Stablecoin

Terra (CRYPTO: LUNA) founder Do Kwon announced plans to attempt to save his unstable stablecoin TerraUSD (CRYPTO: UST) while some are suggesting he was also behind failed stablecoin Basis

Benzinga

SEC Is Already Investigating Terra's Stablecoin UST: Report

The Securities and Exchange Commission (SEC) is already investigating this week’s events concerning Terra (CRYPTO: LUNA) and TerraUSD (CRYPTO: UST), according to a report from

The Guardian - UK

Could terra fall prove to be Lehman Brothers moment for cryptocurrencies?

Explainer: Questions asked about whether other ‘stablecoins’ may follow suit – and if so, what else?

The Street

Bitcoin Falls Below $30,000 As UST Plummets, Interest Rate Leap on Inflation Data

"I understand the last 72 hours have been extremely tough on all of you - know that I am resolved to work with every one of you to weather this crisis," said UST backer Do Kwon.

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Benzinga

Terra (LUNA) Crashes 45% As UST Stablecoin Massively Loses Peg Again

The native token of the Terra (CRYPTO: LUNA) blockchain crashed 56% over 24 hours as its stablecoin, TerraUSD (CRYPTO: UST), lost its peg for the second time in 48 hours.

Tribune News Service

Bitcoin’s Unraveling Tops 55% From Peak With Drop Below $30,000

Bitcoin extended losses, dropping below $30,000 for the first time since July 2021, putting its decline from a November record high to more than 55% amid a global flight from riskier investments.

Benzinga

LFG Surpasses Tesla To Become Second Largest Corporate Bitcoin Holder

The Luna Foundation Guard (LFG) now holds $3.5 billion worth of Bitcoin (CRYPTO: BTC) for its stablecoin reserves.

Benzinga

Terra (LUNA) Crypto Founder Says 'Failure Of UST Is Equivalent To The Failure Of Crypto Itself'

What Happened: In an interview with Fungible Times, Do Kwon, founder of the Terra (CRYPTO: LUNA) protocol, said that Terra intends to be the largest single holder of

Benzinga

This Crypto Is Up 10% Today, Hitting All-Time High After $125M Bitcoin Buy

Terra (CRYPTO: LUNA) spiked to new highs after news broke that the blockchain project had executed several large Bitcoin (CRYPTO: BTC) buy orders.

Benzinga

Why Terra Is Planning To Add $10B In Bitcoin Reserves

Terra (CRYPTO: LUNA) co-founder Do Kwon said he plans to add $10 billion worth of Bitcoin (CRYPTO:

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