Terra | ForkLog

ForkLog 6 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.

AI translated

ForkLog 9 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.

AI translated

ForkLog 7 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.

AI translated

ForkLog 82 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.

AI translated

ForkLog 16 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.

AI translated

ForkLog 6 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.

AI translated

ForkLog 26 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.

AI translated

ForkLog 12 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.

AI translated

ForkLog 14 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.

AI translated

ForkLog 6 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.

AI translated

ForkLog 8 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.

AI translated

ForkLog 22 17.05.2022

Terraform Labs co-founder proposes Terra hard fork to revive Terra

Terraform Labs co-founder Do Kwon proposed a Terra hard fork creating a new network and an airdrop. He called it "a chance to resurrect the project from the ashes".

AI translated

#Terra