Billionaire Bill Ackman compared Terra’s collapse to the collapse of a pyramid scheme

May 19, 2022

Billionaire Bill Ackman compared Terra’s collapse to the collapse of a pyramid scheme

He explained that the price of the LUNA token was supported only by the demand of new investors

Terraform Labs’ in-house lawyers began to leave

May 18, 2022

Terraform Labs’ in-house lawyers began to leave

Some Twitter users are calling for legal action against the company’s head

Terra community did not support Do Kwon’s proposal to conduct a hard fork

May 17, 2022

Terra community did not support Do Kwon’s proposal to conduct a hard fork

90% of users oppose the separation of the blockchain into two separate networks

Glassnode: crypto investors started to get rid of USDT and DAI after UST’s collapse

May 17, 2022

Glassnode: crypto investors started to get rid of USDT and DAI after UST’s collapse

The market has recorded a significant drop in the circulating supply of stablecoins

Binance lost $1,6 billion in unrealized profits to the collapse of LUNA

May 16, 2022

Binance lost $1,6 billion in unrealized profits to the collapse of LUNA

According to the head of the exchange Changpeng Zhao, investments have dropped in price to $3400

Ethereum co-founder and Binance chief urged Terra to focus on compensating small investors

May 16, 2022

Ethereum co-founder and Binance chief urged Terra to focus on compensating small investors

Vitalik Buterin and Changpeng Zhao believe that the project should give priority to retail investors as part of an indemnity plan

Luna Foundation Guard sold $2,3 billion worth of bitcoins to support UST

May 16, 2022

Luna Foundation Guard sold $2,3 billion worth of bitcoins to support UST

There are 313 BTC, 39 914 BNB, 1,9 million AVAX, 1,8 billion UST, and 222,7 million LUNA (of which 221 million are currently staked) left in the organization’s reserve

​TRON will not abandon the USDD stablecoin

May 16, 2022

​TRON will not abandon the USDD stablecoin

The project’s founder Justin Sun reported that he aimed at the healthy growth of the asset

Binance’s head said about the lack of value of the Terra hard fork

May 16, 2022

Binance’s head said about the lack of value of the Terra hard fork

According to Changpeng Zhao, rolling back the blockchain will not work to save LUNA and UST

British blogger lost $2,8 million on the fall of the LUNA rate

May 14, 2022

British blogger lost $2,8 million on the fall of the LUNA rate

KSI said that he has no plans to sell the cryptocurrency and will wait for the price to recover

Terraform Labs CEO proposed plan to revive the Terra ecosystem

May 14, 2022

Terraform Labs CEO proposed plan to revive the Terra ecosystem

Do Kwon’s idea involves paying compensations to UST and LUNA holders who were unable or unwilling to sell their assets during the collapse of prices