TerraUSD crash

Binance burns $230K worth of Terra Classic tokens

Binance removed 2.65B Terra Classic tokens from circulation by sending them to a burn wallet.

What happened to the crypto lending industry in 2022?

The year 2022 was riddled with crypto platform crashes. This article takes a deep dive into what the future holds for crypto lending and how crypto staking can be an alternative form of investment in the meantime.

Invictus Capital Defaults On $1M TrueFi Loan

Invictus Capital has defaulted in paying a $1 million TrueFi loan. The debt was uncollateralized due to Invictus’ good reputation at the time. However, with the collapse of the Terra project, the company has been unable to fulfill its financial obligations.

Decline in Stablecoins’ Market Cap: Here’s What We Know

Several stablecoins have recently seen their market capitalization drop by a few billion. This may be due to various factors. But here’s what we know about the downtrend.

Aggrieved TerraUSD Investors Sue Do Kwon For $57 Million in Fresh Fraud Lawsuit

Do Kwon, and Terra’s founding member, Nicholas Platias, are currently facing a new $57 million lawsuit filed by 359 aggrieved investors in Singapore. This is an addition to the numerous legal battles he is facing.

Singapore Moves to Make Borrowing for Crypto Purchases Illegal

Singapore wants to ban retail investors from borrowing funds to trade cryptocurrency and generating returns from lending and staking. But it does not seek to prohibit crypto services outrightly.

Updates on Elusive Kwon

An update on Do Kwon's whereabouts and the chase by prosecutors and group of vigilantes

Ledn Co-Founder Claims The Future Looks Bright For The Bitcoin Lending Industry

Mauricio Di Bartolomeo, Co-Founder and Chief Strategy Officer of Ledn, expressed his opinions on the future of crypto lending and claimed that the lending industry is maturing.

South Korean Authorities Order Do Kwon To Surrender His Passport

South Korean Foreign Affairs Ministry ordered Do Kwon and five other Terra staff to return their Korean passports. They might face a passport freeze and new passport denial if they fail to comply within two weeks.

Nexo’s Co-Founders Debunk Rumors Of Insolvency

Nexo’s Co-Founders reassured investors that Nexo is fully solvent and quelled rumors about the platform facing bankruptcy. They also answered the community’s questions related to Nexo's recent developments.

South Korea Moves to Freeze Bitcoin Transferred from LFG Amid Search for Do Kwon

3313 BTC have been moved from Luna Foundation Guard (LFG) to Kucoin and OKX following the issuance of the arrest warrant for Do Kwon. The prosecutors requested both exchanges freeze the assets.

Draft US Bill Seeks To Ban Algorithmic Stablecoins For 2 Years

The US House of Representatives drafted a bill that intends to place a temporary 2-year ban on algorithmic stablecoins such as TerraUSD.

South Korean Prosecutors Issue Arrest Warrant Against Terraform Labs CEO

Investigation teams from the Seoul Southern District Prosecutor's Office issued an arrest warrant against Do Kwon, co-founder, and CEO of Terraform Labs, over violation of the Capital Markets Act.

TerraForm Labs CEO Slapped With Fresh Lawsuits On Counts Of Terra Token’s False Promotion

Do Kwon and other entities are facing new class action suits for their involvement in LUNA promotion. The complainants believe that LUNA was run like a Ponzi scheme, leading to its crash.

Hodlnaut Reveals Pending Proceedings With The Singaporean Police

Crypto lending platform Hodlnaut reveals the company has police proceedings with the Singapore Attorney-General and the Singapore Police Force.

Latest News

Singapore Moves to Make Borrowing for Crypto Purchases Illegal

Singapore wants to ban retail investors from borrowing funds to trade cryptocurrency and generating returns from lending and staking. But it does not seek to prohibit crypto services outrightly.

Updates on Elusive Kwon

An update on Do Kwon's whereabouts and the chase by prosecutors and group of vigilantes

Ledn Co-Founder Claims The Future Looks Bright For The Bitcoin Lending Industry

Mauricio Di Bartolomeo, Co-Founder and Chief Strategy Officer of Ledn, expressed his opinions on the future of crypto lending and claimed that the lending industry is maturing.

South Korean Authorities Order Do Kwon To Surrender His Passport

South Korean Foreign Affairs Ministry ordered Do Kwon and five other Terra staff to return their Korean passports. They might face a passport freeze and new passport denial if they fail to comply within two weeks.

Nexo’s Co-Founders Debunk Rumors Of Insolvency

Nexo’s Co-Founders reassured investors that Nexo is fully solvent and quelled rumors about the platform facing bankruptcy. They also answered the community’s questions related to Nexo's recent developments.

South Korea Moves to Freeze Bitcoin Transferred from LFG Amid Search for Do Kwon

3313 BTC have been moved from Luna Foundation Guard (LFG) to Kucoin and OKX following the issuance of the arrest warrant for Do Kwon. The prosecutors requested both exchanges freeze the assets.

Draft US Bill Seeks To Ban Algorithmic Stablecoins For 2 Years

The US House of Representatives drafted a bill that intends to place a temporary 2-year ban on algorithmic stablecoins such as TerraUSD.

South Korean Prosecutors Issue Arrest Warrant Against Terraform Labs CEO

Investigation teams from the Seoul Southern District Prosecutor's Office issued an arrest warrant against Do Kwon, co-founder, and CEO of Terraform Labs, over violation of the Capital Markets Act.

TerraForm Labs CEO Slapped With Fresh Lawsuits On Counts Of Terra Token’s False Promotion

Do Kwon and other entities are facing new class action suits for their involvement in LUNA promotion. The complainants believe that LUNA was run like a Ponzi scheme, leading to its crash.

Hodlnaut Reveals Pending Proceedings With The Singaporean Police

Crypto lending platform Hodlnaut reveals the company has police proceedings with the Singapore Attorney-General and the Singapore Police Force.