Binance Investigating Fraud Allegations Against Do Kwon and Terra 2.0

Binance CEO “CZ” has asked his investigation team to look into allegations by Terra insider FatMan against Terraform Labs founder Do Kwon and Terra. Binance's CEO had always opposed the idea behind UST algorithmic stablecoin and Do Kwon's plan for revival of UST and LUNA tokens.

Timeline of Terra-luna-v2

A week after South Korea's Financial Services Commission (FSC) called for a global alliance to work together to scrutinize cryptocurrencies, the country said it plans to set up regulatory policies for local crypto exchanges. South Korean Crypto Regulatory Plans  According to a local news report, South Korean authorities are planning to regulate crypto trading platforms in a bid to properly scrutinize digital assets and improve consumer protection.

THORmaximalist, a Terra validator, released the full chat logs of the events leading up to the launch of LUNA 2. The post Validator leaks secret LUNA ‘war room' chat logs appeared first on CryptoSlate.

The Chinese government has used its Economic Daily newspaper to indicate that additional regulatory action may be taken against stablecoins in the wake of Terra's algorithmic stablecoin failure. In May, the collapse of one of the most well-known US dollar-pegged stablecoin initiatives resulted in investors losing tens of billions of dollars as they abandoned in.

A few weeks after Terra's blockchain fiasco that saw TerraUSD (UST) lose its peg to the U.S. dollar and its sister token, LUNA crashing, the team behind the project has now launched a new Terra network (a.k.a Terra 2.0) as part of its revival plan. Pheonix-1 mainnet is now live and producing blocks – public node services, wallets and explorers should be going live shortly.

This week's launch of Terraform Labs' Luna 2.0 was off to a rocky start after its native token crashed nearly 70% within the last 24 hours. The post LUNA 2.0 Launches With Rocky Start, Casts Doubts Following Price Crash appeared first on BeInCrypto.

A new Nansen report shows that seven wallets could have caused the recent Terra collapse and the UST depeg which might have been the consequence of savvy risk management so let's read more today in our latest cryptocurrency news. The new Nansen report claims seven wallets triggered the UST depeg and the lack of liquidity

LUNA 2.0 has gotten off to a bearish start in the crypto market after the freshly minted tokens saw a massive decline of around 80% after the launch. Terraform Labs announced yesterday that the new blockchain that houses the LUNA 2.0 tokens was already working.

The LUNA reboot crashed over 70% only a few hours after the debut and after peaking at $19.54 earlier on Saturday so let's have a closer look at today's latest altcoin news. Terraform Labs launched a new version of the Terra Blockchain dubbed Terra 2.0 with newly minted LUNA tokens.

Terraform Labs on Last Saturday has Launched a new version of the Terra blockchain, “Terra 2.0” with freshly minted LUNA tokens. Out of 1 billion LUNA tokens, only 21 million were airdropped and added to the circulating supply on Saturday. The remaining freshly minted LUNA tokens will be airdropped in phase. It peaked last month …

Latest report stated that the Terra crash earlier in May was not caused by a single hostile party. Rather a total of seven wallets were flagged by Nansen researchers as they studied on-chain data from Terra to Ethereum.