Terra isn’t dead: the network is back up and running on a new blockchain, focusing on a more decentralized governance model. The community is making no attempts to revive its recently failed TerraUSD (UST) stablecoin. It has, however, re-launched a new version of the LUNA governance token, restarting its supply at 1,000,000,000 tokens. Here are the facts on the new blockchain, why it was launched, and the new token’s airdrop/ distribution. Background on Terra 2.0 Terra 2.0 (now known formally…
Tag: Fireblocks in Trouble
Fireblocks in Trouble Over Loss of More than $70 Million in Ethereum
Fireblocks, a crypto custody firm, is facing a lawsuit from Stakehound over the lost access to more than $70 million worth of Ethereum, according to Calcalist. Stakehound reportedly entrusted the company in question with the safekeeping of wallets' private keys totaling 38,178 ETH. Clearly, the Israeli-based company did not do a good job in securing them. Who is at Fault? From the Tel Aviv District Court lawsuit, Fireblocks lost the private keys due to an employee's human error. However, the…
11 months ago 
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