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South Korean authorities will create an ad hoc Digital Assets Committee after the collapse of the Terra ecosystem. This is reported by local media. According to the publication, the new structure will
Terra-backed DeFi protocol Mirror has been the victim of an exploit worth over $90 million. It was discovered by an analyst at FatMan and verified by cybersecurity firm BlockSec. As many followers
South Korean authorities have initiated an audit of Terraform Labs employees as part of an investigation into the ecosystem’s collapse. This was reported by local news agency JTBC. According to media reports,
news is updating Terraform Labs president Do Kwon announced the release of mainnet Terra 2.0, which received the Phoenix-1 identifier. According to him, LUNA airdrop participants are already credited with tokens –
Terraform Labs (TFL) CEO Do Kwon and his venture capitalists manipulated Mirror Protocol’s DeFi project and defrauded retail investors. An analyst under the pseudonym FatManTerra came to this conclusion. 🧵👇 Here’s a
The developers have delayed the launch of the Terra 2.0 mainnet until Saturday, May 28, at approximately 09:00 (Kyiv / Moscow time). The new network’s startup block will publish “a qualified majority
Terra’s collapse will have a limited impact on the state of the digital asset market, and the crypto winter will be short-lived due to the influx of venture capital into the industry.
Several cryptocurrency exchanges have signaled support for Terra 2.0 and the resurgent LUNA token. For the plan proposed by Do Kwon, Terraform Labs’ co-founder and CEO, approvers gave 65.5% of the vote.
The developers will launch the Terra 2.0 mainnet on Friday, May 27. At the same time, the Orbital Command ecosystem validator said that the project’s testnet is already running. 1/10 If you
On Tuesday, May 24, financial regulators held an emergency meeting in the South Korean National Assembly about the potential impact of Terra’s collapse. This is reported by local media citing department statements.
