Terra | ForkLog

ForkLog 27 19.05.2022

Blockchain firm Hashed loses $3.5bn in Terra collapse

The Terra collapse cost blockchain company Hashed $3.5 billion in losses, according to on-chain data. In the wake of the incident, Delphi Digital could also have lost up to 13% of its assets — the equivalent of the peak value of the LUNA tokens it held.

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ForkLog 7 19.05.2022

Terra developers invited to join the BNB Chain ecosystem

The BNB Chain community proposed to Terra ecosystem developers to migrate or create new decentralized applications on Binance's blockchain.

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ForkLog 13 19.05.2022

Pantera Capital cashed out around 80% of its Terra investments before the project’s collapse

The venture firm Pantera Capital cashed out around 80% of its Terra ecosystem investments with substantial profit before the project's collapse. The Block reported this, citing firm managers.

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ForkLog 12 19.05.2022

Mike Novogratz says Terra USD was ‘a big idea that failed’

The collapse of the Terra ecosystem undermined trust in the DeFi sector and the broader crypto market, even though the idea of creating an algorithmic stablecoin looked promising. This was stated by Galaxy Digital founder Mike Novogratz.

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ForkLog 143 19.05.2022

Terra’s death spiral: how and why LUNA and UST collapsed

ForkLog examined the causes of Terra's collapse, assessed current and potential future implications for the industry, and the project’s recovery prospects.

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ForkLog 27 18.05.2022

Bill Ackman calls Terra a crypto pyramid

The Terra collapse resembles the collapse of a financial pyramid, said Bill Ackman, CEO and founder of Pershing Square Capital Management.

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ForkLog 16 18.05.2022

South Korea to sue Terraform Labs CEO over UST collapse

One of South Korea's leading law firms, LKB & Partners, is preparing to file a lawsuit against Terraform Labs CEO Do Kwon. Local media report, citing the company's statement.

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ForkLog 65 18.05.2022

What are algorithmic stablecoins?

How do algorithmic stablecoins work? What stabilisation mechanisms exist and how do they differ? Explained in ForkLog cards.

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ForkLog 22 18.05.2022

Forbes dubbed the UST and LUNA collapse the crypto market’s fifth reboot.

The Terra ecosystem collapse can be likened to the Mt.Gox bankruptcy, the The DAO attack, the ICO bubble burst, and the crypto market crash in March 2020. Forbes writes.

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ForkLog 24 18.05.2022

Terraform Labs lawyers resign after UST collapse

Three Terraform Labs legal department employees resigned after the collapse of the algorithmic stablecoin TerraUSD (UST) and the LUNA token, The Block reports, citing a source.

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ForkLog 17 17.05.2022

Terra community rejects plan for hard fork and airdrop of a new token

Most Terra community members did not back the idea of the network hard fork. This follows from the data of the preliminary poll on the Research and Governance forum.

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ForkLog 20 17.05.2022

Media: Terra collapse to be debated in Parliament in South Korea

A representative of the South Korean People Power Party Yun Chan-Hen urged parliamentary hearings on the recent Terra ecosystem collapse.

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