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With the network return to the time before the collapse of LUNA and UST, a hard fork of the Terra blockchain will not work, because the new chain will have no value.
Do Kwon, CEO and co-founder of Terraform Labs, presented a plan to resolve the situation around the crashed UST stablecoin and LUNA token. “The Terra community must rebuild the web to protect
At 17:30 (Kyiv/Moscow time) on May 13, Binance continued spot trading on the cryptocurrency exchange LUNA/BUSD and UST/BUSD. At the same time, the platform opened up deposits and withdrawals in the Terra
Crypto lending platform Celsius withdrew nearly $500 million worth of assets from the Anchor protocol during the collapse of the algorithmic stablecoin UST. Reported by The Block. According to the publication’s research
Three Arrows Capital co-founder Su Zhu, who previously invested in the LUNA token, commented on the collapse of the Terra ecosystem and the algorithmic stablecoin UST. It’s been an incredibly humbling week
Changpeng Zhao, CEO of Binance cryptocurrency exchange, said he was “disappointed” with the actions of the Terra ecosystem team during the collapse of LUNA and UST. According to him, the developers endangered
Bitcoin exchange OKX suspended transactions with LUNA and the Terra ecosystem-related DeFi protocols Anchor (ANC) and Mirror (MIR) and removed perpetual contracts and margin trading from the list of traded instruments. #OKX
Swiss independent asset manager GAM Holding denied reports that it is in talks with Terraform Labs to provide financial assistance to support the algorithmic stablecoin UST. “This story is not true and
Against the background of the collapse of the native token LUNA and the algorithmic stablecoin UST, Terra validators stopped the blockchain for the second time in one day. The step was explained
The Terra project team reported that the validators decided to stop the blockchain at block height #7603700. The move was explained by the need to protect the network from potential “administration attacks”.
