1 / 1 Relevant items tagged with #TerraCollapse

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Binance clarifies BFUSD isn’t a stablecoin as X gets Terra flashbacks

[Nov 19, 2024 5:36 AM] Binance clarified its forthcoming BFUSD asset is not a stablecoin after crypto users showed concerns over its promise of high yields.

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

[Nov 7, 2024 8:19 AM] The AVAX tokens were purchased for $100 million a month before the infamous Terra Luna collapse. 

US Court Filings Expose Montenegro’s Prime Minister’s Stake In Failed Terraform Labs

[Jun 20, 2024 10:00 PM] A recent Bloomberg report has revealed that Montenegro’s Prime Minister, Milojko Spajic, personally invested in Terraform Labs years before the company’s collapse. The discovery has raised concerns regarding the founder’s choice…

Terra Validator Opposes USTC Burning, Pushes Alternative Plan To Regain Dollar Peg

[Sep 19, 2023 11:00 AM] A Terra Classic community member with the X handle Rexyz has kicked against burning USTC tokens to enable the stablecoin to recover its dollar peg. According to the X post made on September 18, Rexyz outlines an alternative solution that may lead…

FTX’s Exchange Token FTT Sees Mysterious Pump Amid Bankruptcy Case, SBF Fraud Charges

[Jan 11, 2023 11:30 AM] As the FTX bankruptcy case and fraud charges against co-founder Sam Bankman-Fried continue to unfold, the value of the exchange’s token, FTX Token (FTT), has seen significant growth. Since Jan. 9, 2023, FTT has risen 28.42% and currently sits…

‘Ethereum Killers’ Managed to ‘Kill’ Themselves in 2022 Rather Than Beat the Smart Contract Economy’s Heavyweight Champ

[Dec 30, 2022 2:30 PM] At the end of 2021, a myriad of people thought a handful of smart contract platform tokens, often referred to as ‘Ethereum killers,’ would flip the second-largest crypto asset in terms of market capitalization in 2022. As 2022 comes…

10 crypto tweets that aged like milk: 2022 edition

[Dec 30, 2022 11:45 AM] Sam Bankman-Fried, Do Kwon and Alex Mashinsky might look back on this year and wish they had hired a social media adviser or logged off Twitter.

FTT Breaks $1 Support for the First Time Since FTX Collapsed, Token Struggles With Dwindling Trade Volume

[Dec 20, 2022 12:30 PM] Despite FTX’s collapse last month, the trading platform’s crypto token FTT had managed to not plummet all the way down to zero, and surprisingly it hovered below the $2 per unit region after Nov. 12, 2022. For 38 days FTT remained above the $1 per…

Talks of Issuing a New FTT Token Fuel Coin’s Price Despite FTT’s Broken Tokenomics Scheme

[Dec 10, 2022 10:30 AM] Roughly 29 days ago FTX filed for bankruptcy, and the crypto ecosystem has been dealing with a rollercoaster ride of market fluctuations and community drama ever since then. Moreover, the now-bankrupt crypto trading platform’s exchange token FTT is…

Onchain Research Shows FTX’s Falling BTC, ETH, Stablecoin Balances ‘Suggest Cracks Had Formed as Far Back as June’

[Nov 22, 2022 1:00 PM] While the analytics firm Nansen published a report that points to the Terra collapse igniting the flames of FTX’s and Alameda Research’s financial problems, onchain data from the intelligence and research firm Glassnode suggests…

Analysis of FTX and Alameda Collapse Points to Terra LUNA Fallout Starting the Domino Effect

[Nov 18, 2022 11:30 AM] An analysis of the FTX and Alameda Research collapse has been published by the blockchain and crypto analytics firm Nansen and the report notes that the Terra stablecoin collapse, and the liquidity crunch that ensued, likely started the domino…

FTX Contract Deployer Unlocks 192 Million FTT, Exchange Token’s Questionable Tokenomics Highlights Red Flags

[Nov 13, 2022 9:30 AM] Following the collapse of FTX and the exchange filing bankruptcy on Nov. 11, the trading platform’s exchange token called ftx (FTT) has shed 91.6% in value during the last seven days. While the FTT token’s utility is based entirely on…

Hedge Fund Galois Capital Discloses ‘Roughly Half’ of the Firm’s Capital ‘Stuck on FTX’

[Nov 12, 2022 1:30 PM] According to the co-founder of Galois Capital, the hedge fund manager who warned about the Terra collapse before it happened, half of the hedge fund’s capital is left trapped on FTX. Galois co-founder, Kevin Zhou, wrote a letter to investors…