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Avalanche buys back $53M of AVAX tokens from Terra’s LFG

[Nov 7 8:19 AM] The AVAX tokens were purchased for $100 million a month before the infamous Terra Luna collapse. 

Crypto Hedge Fund Galois Capital Fined $225,000 by SEC for Custody Rule Violations

[Sep 3 5:20 PM] The U.S. Securities and Exchange Commission (SEC) has slapped Galois Capital Management LLC with a $225,000 fine for falling short of the Custody Rule laid out in the Investment Advisers Act. The crypto-centric hedge fund and advisory firm was also…

Terra chain halts operations, ASTRO token falls over 60%

[Jul 31 9:12 AM] The Terra blockchain halt led to the ASTRO token value falling due to a suspected exploit.

Terraform Labs to Dissolve After SEC Settlement, CEO Announces

[Jun 13 6:17 AM] Following a settlement with the U.S. Securities and Exchange Commission (SEC), Chris Amani, who succeeded Do Kwon as the CEO of Terraform Labs, disclosed that the blockchain firm is set to dissolve. Terraform Labs Set to Close Doors Post-SEC…

Subpoena Evasion: 3AC Asks Court to Fine Kyle Davies $10,000 Daily for Non-Compliance

[Jun 18, 2023 2:30 PM] In February, it was reported that Kyle Davies, the co-founder of Three Arrows Capital (3AC), faced allegations of evading subpoenas related to the collapse of the defunct Singapore cryptocurrency hedge fund. The current custodians of the 3AC estate…

Terraform Labs Co-Founder Do Kwon Arrested in Montenegro, Says Interior Minister

[Mar 23, 2023 10:30 AM] According to Montenegro’s interior minister Filip Adzic, Terraform Labs co-founder Do Kwon was apprehended at Podgorica airport allegedly bearing falsified documentation. Adzic added that investigators are “waiting for official confirmation of his…

FBI, NY authorities probes collapse of TerraUSD stablecoin: Report

[Mar 13, 2023 6:47 PM] The controversial founder of Terraform Labs, Do Kwon is at the center of the investigation, despite believed to be hiding out in Serbia.

Terra Supporters Hope to ‘Defy the Odds’ by Pumping the Now-Defunct Stablecoin USTC Back to $1 Parity

[Nov 28, 2022 11:05 AM] It’s been six months since Terra’s algorithmic stablecoin UST (now USTC) depegged from the U.S. dollar and the price has remained depegged from the greenback since May 9, 2022. Currently, the former stablecoin is exchanging hands for $0.02 per…