Jump Trading hit with $4B lawsuit tied to $50B Terra crash
The bankruptcy administrator for Terraform Labs has filed a $4 billion federal lawsuit accusing Jump Trading of market manipulation tied to the collapse of the...
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Hodlnaut Crypto Firm Lost $190M in Terra Crash, Reportedly Deleted Proofs
The troubled Singaporean cryptocurrency lending company Hodlnaut lost almost $190 million as a result of its exposure to Terra’s algorithmic stablecoin UST, according to recent...
Nuri Crypto Bank Warns Users to Withdraw Funds Before it Shuts Down
Nuri, a German crypto bank with over 500,000 customers, is closing down as it was unable to find a purchaser after filing for insolvency in...
The New US Crypto Draft Would Put a 2-Year Ban on Algorithm Stablecoins
New algorithm stablecoins such as TerraUSD Classic (USTC), which de-pegged from the US dollar early this year, would face a two-year prohibition under draft legislation...
Singapore Court Provides Over 3-Month Creditor Protection for Zipmex Cryptocurrency Exchange
The crypto lending industry has experienced significant liquidity challenges, due to lenders’ inability to offer complete liquidity on assets that were lent out at the...
Crypto Lender Nexo has Announced Plans to Fully Acquire Fellow Lender Vauld
Cryptocurrency platform Vauld has announced that it had signed an indicative term sheet with cryptocurrency lender Nexo, which would enable Nexo to buy the Singapore-based...
After What Happened With Terra, Celsius Lockdowns Put The Market On Red Alert
A few weeks just after the abrupt demise of the Terra stablecoin that sent the crypto market into a huge downturn, another crisis is causing...
Technologists Call on the US Lawmakers to Resist the Influence of the Crypto Industry
The first coordinated campaign to challenge well-funded lobbying by blockchain corporations has united a group of prominent experts to encourage US lawmakers to crack down...
Britain’s Finance Ministry Will Adapt Existing Rules to Deal With Any Stablecoin Collapse
Following the crash of Terra’s stablecoin earlier this month, the UK Treasury has proposed a new insolvency regime to safeguard consumers’ assets, as Britain’s finance...
Will I get The Terra 2 Airdrop on May 27? Here the Answers
Behind the scenes, efforts to resurrect the troubled Terra network are still on, and the second iteration of the blockchain is set to launch on...