Security Concerns Prompt Cancellation of Terra Dapp Expo

Organizers of the Terra Dapp Expo have decided to cancel the upcoming convention that was meant to take place in June 2022 in Austin, Texas. The post Security Concerns Prompt Cancellation of Terra Dapp Expo appeared first on BeInCrypto.

Timeline of Terra-luna

Terra has been at the receiving end of one of the most disastrous downfalls in the history of crypto and blockchain. Terra's stablecoin project, UST, and its native token, LUNA, crashed in the past few days.

In a move that has likely aged like milk, Terra founder Do Kwon had in March collectively bet around $11 million with two crypto traders on the price of LUNA. Kwon wagered that LUNA would trade above $88 by March 2023- exactly a year from the placing of the bet.

Terra's (LUNA) price currently appears to have stabilized to a large extent as the prices have surged magnificently. As soon as the exchanges resumed the LUNA and UST trades, people flooded into the market to accumulate LUNA at the cheapest price. And as a result, the prices skyrocketed massively but on the other hand, the …

Do Kwon proposed a clean slate for Terra without the UST stablecoin with hopes to revive the network after the collapse so let's read more today In our latest cryptocurrency news. Do Kwon proposed a revival plan after a short absence from Twitter and social media.

Finally breaking his silence after the recent collapse of the Terra ecosystem, founder Do Kwon came up with a revival plan for the Terra blockchain network. Besides, the founder also said that they should deploy their Bitcoin reserve for the rescue plan.

Terra co-founder and CEO of Terra Labs, Do Kwon, has finally spoken on the crash of its network. He has submitted a proposal on how the embattled Terra ecosystem can be salvaged from its current ruins.

Do Kwon says he is heartbroken over the Terra collapse and insisted that he didn't profit from the collapse of the UST stablecoin as well so let's read more today in our latest cryptocurrency news. Do Kwon says he is heartbroken about the Terra situation and he has been known to lead an aggressive social

Terra's astronomic crash has largely dented market sentiment this week, and likely fed broader crypto weakness. But the project's status as a Layer-1 blockchain meant that several tokens, apart from LUNA and UST were caught in the crossfire.

"The decision was not made lightly and is crushing news for everyone involved,” the expo organizers said on Twitter. The post Terra Dapp Expo canceled following chaotic week for Terra network appeared first on The Block.

Will LUNA be Forked Amid the Recovery Plan? After the recent nightmare of the UST de-pegging and LUNA price crashing to the dust, the platform was heavily criticized for not handling the situation wisely. Yet Do Kwon, founder, in a post says he is ‘heartbroken' about the LUNA & UST situation. And hence in the …