by COINS NEWS - 1 month ago
Mathematicians uncover the hidden patterns behind a $3.5 billion cryptocurrency (TerraUSD and LUNA) collapse
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by COINS NEWS - 1 month ago
submitted by /u/jasomniax [link] [comments]
by COINS NEWS - 4 months ago
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by COINS NEWS - 1 year ago
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Cryptocoins News / Blockchain - 1 year ago
Prime Core Technologies, parent of Prime Trust, experienced an $8 million financial setback due to investments in TerraUSD, a stablecoin, leading to bankruptcy proceedings in August 2023, highlighting the cryptocurrency market's volatility. (Read Mor...
Cryptocoins News / The Cointelegraph - 1 year ago
Prime Core Technologies said that “under prior management” it had lost $6 million in user funds and $2 million in treasury funds through investments in the algorithmic stablecoin....
Cryptocoins News / EthereumWorldNews - 2 years ago
Court filings by the U.S. SEC claim that Jump Trading entered a secret deal with Do Kwon in 2021.& Jump Trading allegedly propped up Terraform Labs’ TerraUSD stablecoin a year before it collapsed.& The deal allowed TerraUSD to regain its dol...
Cryptocoins News / The Cointelegraph - 2 years ago
Jump Trading and its CEO, Kanav Kariya, are accused of violating United States regulations and unjust enrichment in the lawsuit. A lawsuit filed in an Illinois distric...
Cryptocoins News / EthereumWorldNews - 2 years ago
Summary: A Basic Court in Montenegro’s capital Podgorica agreed to bail terms for Do Kwon and a second Terra executive identified as Han Chang-joon.Kwon will be released after paying $437,,000 or €400,000 in bail but he cannot leave his apartmen...
Cryptocoins News / The Cointelegraph - 2 years ago
Flatcoins need to provide a more stable and decentralized alternative to traditional currencies — otherwise, they’re nothing but investment vehicles. The post-COVID-19...
Bitcoin News / Bitcoinist - 2 years ago
The U.S. Justice Department is investigating the 2022 collapse of the TerraUSD stablecoin and is considering bringing criminal charges against the coin’s creator, Do Kwon, as reported by the Wall Street Journal. The move comes after the U.S. Se...
Cryptocoins News / Finance Magnates - 2 years ago
<p>The US Justice Department is investigating the collapsed algorithmic stablecoin TerraUSD, thus raising the possibility of criminal charges against Terraform Labs and its CEO, Do Kwon, who were already <a href="https://www.financemagn...
Cryptocoins News / The Cointelegraph - 2 years ago
The controversial founder of Terraform Labs, Do Kwon, is at the center of the investigation, despite being believed to be hiding out in Serbia. The United States Justi...
by COINS NEWS - 2 years ago
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