Some Terra Operators Secretly Bailed Out Whales But Let Small Investors Get Incinerated As Token Crashed
In a series of tweets, Luna Foundation Guard (LFG), the non-profit organization that supports the Terra ecosystem, revealed that some operators allowed certain chosen users to cash out their holdings at almost 100 cents on the dollar. These operators allegedly used popular cryptocurrency exchange platforms like Gemini and Binance.
Do Kwon Faces Lawsuit From Korean Investors; Terra Founder Could Lose His Properties
Apart from the lawsuits, Do Kwon's Terraform Labs was charged with tax evasion to the tune of $78.5 million.
South Korea's National Assembly May Summon Do Kwon, Agencies Start Terra Investigation
Influential parliament member Yun Chang-Hyun wants top executives to be witnesses.
Terra Plot Thickens: Leaked Documents Show Do Kwon Dissolved Terraform Labs Before The Collapse
"I am the master of stablecoins and I do not approve of this reality," Kwon said on May 6 after a Twitter user said, "Soon 40% of the top 10 cryptocurrencies will be ... different versions of the US Dollar."
Crypto Bigwigs Extend Help To Terra; Buterin Recommends 'Relief For The Average UST Smallholder'
Binance CEO CZ also committed he would help and noted that "regardless of my personal views, or the solution chosen in the end, we will always be here to support the community in any way we can."
Do Kwon Takes Heat From CZ, Buterin, Markus For Terra's Failure And Revival Plan
"My recommendation is to stop trying to bring in new victims to fund the previous victims and leave the space forever," Markus told Kwon in a tweet.
Morgan Stanley Backtracks Positive NFT Prediction; Rings Alarm Bells Following Terra Collapse
"Hyped and leveraged areas of crypto, such as decentralized finance (DeFi) and crypto-backed stablecoins, are seeing mass liquidations, as it is becoming clearer that all the elevated prices were traded on speculation, with limited real user demand," Morgan Stanley analyst Sheena Shah noted.
Kwon's Second Plan Proposes Terra Hard Fork, Abandoning UST Stablecoin; New LUNA Blockchain Live Date
Do Kwon clarified that the new blockchain will not be linked to the TerraUSD (UST) stablecoin, saying, "Terra is more than $UST."
Big 'God of War: Ragnarok' Announcement Could Happen In June
"God of War: Ragnarok" producer Cory Balrog said that "something cool is coming."
New Nintendo Switch Console In The Works? Device Could Release 2024: Analyst
"By the end of that year Switch is predicted to have sold through 146m units meaning it still has the potential to become the best-selling console ever by the end of its lifetime, selling over 158 million units and overtaking the PlayStation 2," a reputable analyst predicted.
Do Kwon Proposes Salvage Plan For LUNA, UST; Says In Ironic Clip That Companies Dying Was Entertaining
"The Terra ecosystem is one of the most vibrant in the crypto industry, with hundreds of passionate teams building category-defining applications within. As long as these builders, TFL among them, continue to build - we will come out of this together," Kwon tweeted.
DOGE Rebounds After Musk Says 'It Has Potential As A Currency'
Musk has once again redeemed Dogecoin with a short tweet that "It has potential as a currency."
Anonymous Challenges Russia's Supposed Cyber Prowess With Repeat Rosatom Breach, Leaks Data on Clients And Contracts
Russia was unable to prevent a repeat breach of one of its most-valued companies in less than 3 months. The KelvinSecurity team plans to initially release "about 10,000" documents "to expose the Russian company."
Panic Selling Pushes DOGE Price To Plummet; Now 90% Down From Last Year's All-Time High
Dogecoin reached its all-time high of $0.7376 last year.
'Nothing Like This Has Ever Even Been Attempted': Kusama About Shiba Inu Games' Feature
Just like Marvel comics, Shiba Inu is getting its own extended universe.
MarsXR: A Virtual Reality World To Help Astronauts Plan Their Future Mars Expeditions
"Creators can use Unreal Engine to build realistic simulation scenarios to help prepare NASA for future missions, whether it’s to the Moon or Mars,” said Seb Loze, Epic Games' Unreal Engine business director for simulation.
Crypto Exchange 'Sells And Lends' Bitcoin 'For Profit,' Contributes To Price Decrease, Analyst Says
"If they keep their newly acquired bitcoin on the exchange, they are not reducing the supply, in fact, they are giving the exchange more liquidity to create more fractions," an analyst said.
SHIB's Kusama Says Even They Are 'Floored' By Major Development Happening In May
Investors speculate that the lead developer is working with the team for "Shib: The Metaverse."
'One Piece' 1049 Spoilers Reveal The Joy Boy; Hints At Luffy's Dream
"One Piece" 1049 teases the conclusion of the epic battle, dubbed "Roof Piece."
BAYC, Other ETH NFTs Prices Tank As Crypto Market Becomes Sea Of Red
"Although the number of active wallets is also decreasing, the number of buyers is still higher than the number of sellers. We can assume this means that the interest in buying NFT is still present," an NFT markets data platform said.
Instagram Announces NFT Integration; Posting Digital Collectibles Is Free But Not Yet For Everybody
"This week we’re beginning to test digital collectibles with a handful of US creators and collectors who will be able to share NFTs on Instagram," Instagram CEO Adam Mosseri announced.
DOGE Edges Closer To Bullish Price Breakout, Remains Most Popular Smart Contract Among Whales
On-chain whale activity tracker WhaleStats reported that Dogecoin remains one of the most used smart contracts among the top 500 BSC whales.
'Being Built In Slow Motion': SHIB's Kusama Offers Update On Deal That Would 'Break The Internet'
Shiba Inu pseudonymous lead developer Shytoshi Kusama provided updates on the deal that he previously said would "break the internet" and said many are unaware that it is happening right under their noses.
Shiba Army Burns Almost $500K Worth Of SHIB As New Burn Portal Reward Cycle Draws Near
In April alone, 26 billion SHIB tokens were burnt and 22 billion of these tokens were destroyed using the new Shiba Burn portal.
Musk's Chilling Tweet Confounds Followers And Russia May Have Something To Do With It
"And for this, Elon, you will be held accountable like an adult - no matter how much you'll play the fool," a Russian communication threatened.
DOGE Surges After Jeff Bezos Followed Dogecoin Co-creator On Twitter; Doge Army Is Bullish
In April Amazon CEO Andy Jassy said, "we're not probably close to adding crypto as a payment mechanism in our retail business, but I do believe over time that you’ll see crypto become bigger."
Gamespot Sets 'TitanFall 3' Up For Pre-Order; Leak Seemingly Confirms Game Coming Soon
A Reddit user shared an image on the Titanfall subreddit over the weekend showing that "Titanfall 3" is available for pre-order at a Gamestop outlet in Germany.
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'Tokyo Revengers' 252 Raw Scans, Spoilers Show Irredeemable Mikey Corrupted By His Dark Impulse
"Tokyo Revengers" 252 features Koko and Inupi's bond.
miHoYo Updates On 'Genshin Impact' Nintendo Switch Release After Two Years
"Genshin Impact" is still set to release on Nintendo Switch, according to miHoYo.
'Call of Duty: Modern Warfare 2' Leak Tips, Launch Timeline And 'COD: Warzone 2' Release Details
"Call of Duty: Warzone 2" is reportedly in development at Infinity Ward and would be revealed sometime in the later part of 2022.
