Terra Crash

In a recent interview with crypto journalist Laura Shin of the Unchained podcast, Terra founder Do Kwon opened up about the platform’s resounding crash. The TFL CEO took full responsibility for the collapse, apologizing for his earlier "arrogance". He also addressed the fraud allegations he is currently facing.  Fraud Allegations are Invalid, Says Do Kwon The interview lasted over 1 hour and saw Shin ask numerous questions relating to the collapse. Shin's interview bordered on the scam accusations leveled against…

New York Attorney General Letitia James is pushing for investors to blow the whistle on crypto companies they consider deceiving or misconducting. The AG's intervention comes after a series of debacles that led to people losing their crypto investments. Projects like Terra, Celsius, Voyager, Anchor, and Stablegains have crashed, affecting millions of investors in the process. James believes people have the power to prevent such losses by signaling suspicious activities in crypto projects they support. In a recent tweet, she…

In the aftermath of the Terra collapse, firms like CoinShares and Hashed are still reeling from significant losses.  CoinShares Records a £17.8 million Loss On Tuesday, CoinShares Europe’s biggest digital asset investment firm released its financial results for the 2nd quarter of the year. Following the Terra-Luna debacle, the firm’s investment in the stablecoin ecosystem experienced a one-off loss, scaling £17.8 million. CoinShares’ Capital Markets business bore the brunt of the crash, the report revealed. However, their Asset Management arm…