Knowledge

Terra (blockchain)

Source ๐Ÿ“

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he founded, announced on 18 May 2022 that Shin no longer held any ownership stock in Terraform Labs. However, the Singaporean Account and Corporate Regulatory Authority revealed that Shin still held 8.3% Terraform Labs ownership, and Chai Corporation announced that Shin was not able to "finish liquidating his remaining ownership in time" despite having the same share of ownership as of 18 May. The documents from the Singaporean authority also revealed that as of 18 May, Shin held 51.2% of ownership and Kwon 22.4% of Chai Holdings, the parent company of Chai Corporation.
3243: 369:, enlarged the economic crimes investigation division of the Seoul Southern District Prosecutor's Office, vowing to "track illegal funds and capital transfers, crack down on tax evasion, audit company finances, compile transaction data, and seize the proceeds of criminal financial activity." On its first day of operation, the Financial and Securities Crimes Joint Investigation Team singled out the LUNA and Terra crisis as its first investigation target. 3267: 140:. LUNA served as the primary backing asset for Terra, also used as a governance token for users to vote on Terra community proposals. UST stablecoins were not backed by U.S. dollars; instead, they were designed to maintain their peg through a complex model called "burn and mint equilibrium". This method uses a two-token system in which one token is supposed to remain stable (UST) while the other (LUNA) is meant to absorb volatility. 3255: 204:
team announced they had entered into a sponsorship agreement which provided stadium and television branding, as well as the rebranding of the Washington Nationals club and lounge to the "Terra Club". The deal was originally proposed to the Terra community by Kwon, referring only to an unnamed "sports
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The Anchor Protocol was a lending and borrowing protocol built on the Terra chain. Investors who deposited UST in the Anchor Protocol were receiving a 19.45% yield paid out from Terra's reserves. Due to such a high yield, some critics raised concerns that Kwon's stablecoin model could function like a
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The Seoul Southern District Prosecutors' Office said Friday that it has kicked off an investigation on Terraform Labs, the organization behind the stablecoin project Terra led by Do Kwon, and assigned the case to its Financial and Securities Crime Joint Investigation Team, a special financial crimes
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On 25 May, a proposal was approved to reissue a new LUNA cryptocurrency and to decouple from and abandon the devalued UST stablecoin. The original blockchain is now called Terra Classic, and the original LUNA token is called LUNA Classic (LUNC). The new LUNA coin is called "Terra 2.0" by investors,
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The problem with algorithmic stablecoins is that they fail. They fail because they rely on things they can't control: investor demand; people who will perform the stabilizing arbitrage; and reliable price information. In the specific case of Terra, it seems likely that an unusually large withdrawal
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Likely causes of the collapse included mass withdrawals from the Anchor Protocol days before the collapse, investor concerns about cryptocurrencies more generally, and a drop in the price of bitcoin. During the collapse, holders converted UST into LUNA via the mint-and-burn system, which caused the
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The founders Kwon and Shin each owned one share of Terraform Labs, giving each founder 50% of the controlling power. Kwon later enlarged his stock pool to eleven shares, giving him 91.7% ownership and Shin the remaining 8.3%. Shin and Chai Corporation, a Terra-ecosystem payment service company that
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A proposal by the founder of the troubled Terra ecosystem to salvage the project was approved, averting a total collapse of one of the most-watched experiments in decentralized finance ... The process means Terraform Labs is effectively abandoning the stablecoin TerraUSD, or UST, which from now on
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Under the approved measure, the original blockchain will split off and be known as Terra Classic, while Luna, which plunged close to zero this month, will be renamed Luna Classic with the ticker LUNC. The new Terra blockchain will start running a coin under the existing Luna name and ticker, and
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The downfall of Luna and TerraUSD offers a case study in crypto hype and who is left holding the bag when it all comes crashing down. Mr. Kwon's rise was enabled by respected financiers who were willing to back highly speculative financial products. Some of those investors sold their Luna and
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Beginning on 9 May 2022, the tokens made headlines after UST began to break its peg to the US dollar. Over the next week, the price of UST plunged to 10 cents, while LUNA fell to "virtually zero", down from an all-time high of $ 119.51. Before the crash, LUNA was one of the top ten largest
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billion of market capitalisation in one week. Terra-Luna operated on a two-coin system protocol that lacked traditional collateral backing. Its collapse was likely triggered by an attack on its liquidity pool and was facilitated by flaws in the underlying blockchain framework.
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On May 28, Luna 2.0 tokens entered the market at 15 baht per coin and surged to over 850 baht. The unit then nosedived to 119 baht, a 75% decline on the price recorded on its relaunch day. As of May 30, the coin is stagnant at around 200 baht, according to crypto exchange
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reported that 15 people, including former Terraform developers for the Anchor lending protocol, had been imposed with travel restrictions by the Korean government. On November 29, 2022, an arrest warrant was issued for Daniel Shin by South Korean prosecutors.
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and other cryptocurrency reserves from the Luna Foundation Guard, they were unable to reestablish the 1:1 peg of UST to USD. As of 16 May 2022, blockchain analysts claim that the expenditure of the LFO bitcoin reserves still remains unclear.
183:, with Do Kwon as director. Terraform Labs allocated a portion of the profit from UST sales to Luna Foundation Guard, to be used as reserves to stabilize the price of UST. As of 7 May, just before UST broke its peg, LFG held reserves of 80,394 357:
that virtually "mirrored" actual listed stocks. Kwon refused the subpoena, and instead announced he would sue the SEC. Despite his attempts to dispute and avoid investigations from the SEC, a U.S. Court hearing in
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in February 2022 ruled in favour of the SEC's right to continue its investigation into Kwon and Terraform Labs. In February 2023, the SEC charged Terraform Labs and Kwon with fraud.
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On 13 May, Terraform Labs temporarily halted the Terra blockchain in response to the falling prices of UST and LUNA. Despite the company's attempts to stabilize UST and LUNA via its
3308: 712: 164:, South Korea. In 2019, Terraform Labs launched its first cryptocurrency token. Terraform Labs raised more than $ 200 million from investment firms such as Arrington Capital, 950: 328:
Terraform Labs Pte. Ltd., the company behind Terra, is incorporated in Singapore but did not submit an application for a licence under the Payment Services Act according to
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In addition to having entered the Top 30 of cryptos in the market, on September 8th in 2022 the LUNC cryptocurrency of Terra 2.0 has just surpassed the price of $ 0.0005.
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In May 2022, the Terra blockchain was temporarily halted after the collapse of the stablecoin TerraUSD (UST) and LUNA, an event that wiped out almost $ 45
1191: 613: 2153: 942:[โ€˜Amid Growing Luna Controversy, Where are the Founders?โ€™ Do-hyung Kwon Unable to Stabilize Unrest, Hyun-Sung Shin Evading Accountability]. 413: 1394: 557: 1583: 1004: 1429: 1695: 1732: 1638: 880:[Daniel Shin and Do-hyung Kwon, Still Shareholders of Terraform Labs, Untruthful Announcement Regarding Ownership Stirs Controversy]. 849: 1886: 132:
Terra is a group of algorithmic stablecoins, named according to the currencies to which they were peggedโ€”for example, TerraUSD (UST) was
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Terraform Lab's Luna cryptocurrency is now one of the ten largest cryptocurrencies by market capitalization, according to CoinGecko.
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price of LUNA to collapse due to its increased supply. This in turn destabilized the balancing mechanism between the currencies.
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won't include the UST stablecoin. The new Luna will be distributed to previous holders of Luna and UST in a so-called air drop.
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codesign. Several stablecoins are built atop the Terra protocol, including TerraUSD, which was the third largest stablecoin by
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Registry Office, Kwon filed to dissolve the company's Korean entity on 30 April 2022, and was granted approval on 4 May 2022.
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billion. Bitcoin was the largest portion of the reserve, though LFG also held various other stablecoins and cryptocurrencies.
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Now, luna has a new iteration, which investors are calling Terra 2.0. It is already trading on exchanges including Bybit,
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to Terraform Labs and Kwon in 2021, with specific regard to Terraform Labs' Mirror Protocol, which designed and offered
2858: 1074: 822:"Luna Foundation Guard has now dumped $ 2.4 billion from its Bitcoin reserves in failed attempt to defend TerraUSD peg" 793: 2999: 503: 334:. It is also not a notified entity, meaning it has not been granted temporary exemption from holding a licence by the 3193: 2259: 530: 441: 222: 3303: 1355: 1821: 3259: 2599: 335: 205:
franchise in one of the four major American professional sports leagues", and the community agreed to pay $ 38.15
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TerraUSD coins early, reaping substantial profits, while retail traders now grapple with devastating losses.
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unit brought back recently by the newly appointed justice minister Dong-hoon Han, according to local media.
2254: 173: 2762: 3087: 2724: 129:(or DApps), such as Anchor, Mirror, and Pylon, which utilised the stable-coin infrastructure of Terra. 1101: 670:"Terra Luna stablecoin collapse explained: Is this the 2008 financial crash moment of cryptocurrency?" 3247: 3213: 3188: 3168: 2843: 2833: 2645: 2202: 2038: 2036:[Minister Han Revives โ€˜Grim Reaper of Yeouidoโ€™ to Eye Luna as Its 1st Investigation Target]. 1793: 1457:"The luna cryptocurrency has been resurrected after its $ 40 billion collapse. It's already crashing" 126: 17: 3271: 3218: 3138: 1760: 1724: 1612: 2896: 2772: 2757: 2511: 2372: 1924: 381: 3293: 3153: 2886: 2729: 2714: 2699: 2625: 2566: 2525: 2244: 1370: 765: 339: 75: 737: 3208: 3163: 2823: 2793: 2734: 2546: 2520: 2264: 2249: 317: 201: 160:
In 2018, Do Kwon and Daniel Shin (also known as Shin Hyun-sung) co-founded Terraform Labs in
122: 102: 1791:[ Aftermaths of the โ€˜K-Coinโ€™, Luna and Terra Crisis and the Cryptocurrencyโ€™Shockโ€™]. 384:
against Do Kwon, Terraform Labs, Nikolaos Alexandros Platias and the Luna Foundation Guard.
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and Huobi. Binance, the world's largest crypto exchange, says it will list luna on Tuesday.
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in the United States, listing assets and liabilities in the range of $ 100-$ 500 million.
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In January 2022, the Luna Foundation Guard (LFG) was established as a non-profit based in
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before its collapse in May 2022. The Terra blockchain has a fully-functional ecosystem of
8: 3009: 1755: 1316: 1222:[Amid the Terra Crisis, Where Did Kwon Do-hyung's โ‚ฉ4.5 Trillion of Bitcoin Go?]. 1665:"South Korea Signals Do Kwon Retained Law Firm Before Terra Collapse That Roiled Crypto" 1127: 2318: 2289: 2269: 2003:[The Revived โ€˜Grim Reaper of Yeouidoโ€™ Eyes โ€˜Luna Crisisโ€™ as Its First Target]. 1858: 1113: 978: 826: 798: 590: 388: 34: 3070: 2551: 2279: 2274: 2130: 2000: 1701: 1321: 1139: 330: 292: 276: 1853: 3228: 3178: 3158: 3014: 2994: 2964: 2689: 2684: 2665: 2422: 1387:"Terra Averts Total Collapse With Plan to Split Blockchain, Abandon UST Stablecoin" 1159:"Terra resumes blockchain production after halting to prevent hacks amid UST crash" 1131: 442:"Terra resumes blockchain production after halting to prevent hacks amid UST crash" 380:
on 17 June 2022. In September 2022, a $ 56.9 million class action was filed at the
305: 288: 1033:"Terra's Luna Becomes Top Ten Cryptocurrency As Market Selloff Sends Bitcoin Down" 908: 877: 3198: 3148: 2959: 2181: 1856:[Class-action Lawsuit Against Terra Looming as Harmed Investors Gather]. 1826: 1696:"askST: Why did TerraUSD, Luna crash and what does it mean for crypto investors?" 1224: 944: 133: 2126:"Terra co-founder Do Kwon faces $ 79.8m lawsuit in Singapore after crypto crash" 1788: 1584:"Crypto Fugitive Do Kwon Is Arrested in Montenegro and Charged With Fraud in US" 1135: 3024: 2954: 2904: 2808: 2585: 2556: 2328: 2323: 2294: 2225: 2158: 1196: 1009: 646: 618: 562: 418: 310: 169: 148:". Mirror Protocol was another Terra chain project, which designed and offered 118: 91: 3287: 3077: 2343: 2333: 1980: 1947:"SEC charges Do Kwon, Terraform with fraud in connection with Terra collapse" 1325: 1288: 1143: 366: 2480: 2367: 1256: 508: 257: 145: 738:"SEC Files Subpoena Enforcement Action Against Terraform Labs and Its CEO" 303:
reported that prior to the collapse of TerraUSD, Kwon had sent 9 billion
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and has lost valuation in the opening days of being listed on exchanges.
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to power a payment system. For consensus, the Terra blockchain uses a
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Vidal-Tomรกs, David; Briola, Antonio; Aste, Tomaso (1 September 2023).
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within a week. On January 21, 2024, the company filed for bankruptcy.
2974: 2876: 2803: 2709: 2561: 703:"Unstable Stablecoin: How Crypto's Crash Broke The Buck For TerraUSD" 359: 284: 180: 531:"Here's how crypto's third largest stablecoin Terra (UST) collapsed" 378:
United States District Court for the Northern District of California
2969: 2949: 2929: 2919: 2914: 2838: 2798: 2777: 2640: 2620: 2614: 2594: 2571: 2541: 2471: 2461: 2456: 2416: 2407: 2392: 2387: 2382: 2284: 2194: 1118: 674: 350: 165: 1192:"Whereabouts of Terra's Bitcoin Reserve a Mystery After Transfers" 850:"Washington Nationals ink partnership with Terra crypto community" 228:
cryptocurrencies on the market. The collapse wiped out almost $ 45
3117: 3082: 3039: 2934: 2909: 2881: 2655: 2397: 2362: 272: 237: 187: 83: 2154:"Korea Bans Terraform Employees From Leaving Country Amid Probe" 1554:"Terra CEO Do Kwon: 'I alone am responsible for any weaknesses'" 1067:"How a Trash-Talking Crypto Founder Caused a $ 40 Billion Crash" 794:"How a Trash-Talking Crypto Founder Caused a $ 40 Billion Crash" 586:"Yellen cites UST stablecoin risk after it loses its dollar peg" 3092: 3019: 2939: 2924: 2871: 2675: 2609: 2501: 2451: 2432: 1478: 707: 558:"Crypto Exchanges Start to Suspend Terra Tokens After Meltdown" 466: 464: 1422:"Luna token relaunch kicks crypto hype machine back into gear" 1005:"Terraform Again Halts Blockchain Behind UST Stablecoin, Luna" 414:"Terra $ 45 Billion Face Plant Creates Crowd of Crypto Losers" 3122: 3060: 3044: 3004: 2989: 2944: 2660: 2485: 2353: 1920:"Cryptocurrency Company Snared in SEC Dragnet Sues Regulator" 642:"King of the 'Lunatics' Becomes Bitcoin's Most-Watched Whale" 264: 161: 1613:"US charges crypto fugitive Do Kwon after Montenegro arrest" 461: 2377: 2299: 1951: 1887:"Luna's Do Kwon may face legal peril, some attorneys argue" 1824:[Luna Falls 99%, Leading to Continued Delistings]. 1369:
knocked the system out of balance. After that, there was a
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Ostroff, Caitlin; Yu, Elaine; Kiernan, Paul (11 May 2022).
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On 18 May, the newly appointed Korean Minister of Justice,
1639:"Do Kwon Charged With Fraud by US Prosecutors in New York" 472:"Terraform Labs files for bankruptcy protection in the US" 3065: 3029: 2635: 275:
travel documents, but he was intercepted and arrested at
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will only trade on the Terra Classic blockchain as USTC.
766:"Young founder of Luna emerges as cryptocurrency tycoon" 504:"The Crazy Crypto Meltdown of Terra and LUNA, Explained" 287:
subsequently laid eight charges against Kwon, including
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Companies that filed for Chapter 11 bankruptcy in 2024
1976:"Prosecutors vowing to crack down on financial crimes" 2182:"Arrest warrant sought for Terraform Labs co-founder" 1106:
Physica A: Statistical Mechanics and Its Applications
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Yaffe-Bellany, David; Griffith, Erin (18 May 2022).
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Yaffe-Bellany, David; Griffith, Erin (18 May 2022).
1312:"Cryptocurrency TerraUSD Plunges as Investors Bail" 223:
Cryptocurrency bubble ยง Collapse of Terra-Luna
1694: 323: 1385:Shukla, Sidhartha; Nicolle, Emily (25 May 2022). 113:Terra is a blockchain that leverages fiat-pegged 86:and Daniel Shin. It was best known for its Terra 3285: 1789:"[์ด์Šˆ๋ถ„์„] 'K-์ฝ”์ธ' ๋ฃจ๋‚˜ยทํ…Œ๋ผ ์‚ฌํƒœ์— ๊ฐ€์ƒ์ž์‚ฐ '์‡ผํฌ'โ€ฆ์˜ํ–ฅ์€?" 1309: 1284:"Why Crypto Cratered: 5 Things You Need To Know" 640:Shen, Muyao; Regan, Michael P. (19 April 2022). 152:designed to "mirror" traditional listed stocks. 940:""๋ฃจ๋‚˜ ํ›„ํญํ’ ์ปค์ง€๋Š”๋ฐ ์ฐฝ์—…์ž๋“ค์€?" ๊ถŒ๋„ํ˜•์€ ์ˆ˜์Šต ๋ชปํ•˜๊ณ , ์‹ ํ˜„์„ฑ์€ ์ฑ…์ž„ ํšŒํ”ผ์ค‘" 252:In an August 2022 interview on the NFTV series 209:million for a five-year exclusive partnership. 1967: 338:. According to documents filed by Kwon at the 2210: 1992: 1384: 316:On January 21, 2024, Terraform Labs declared 263:On 23 March 2023 Kwon attempted to travel to 2101:"Patterson v. TerraForm Labs Pte Ltd. et al" 1878: 1813: 1780: 1747: 1525:"Terra Luna Classic (LUNC) reaches $ 0.0005" 1211: 2025: 1846: 1716: 1348:"How the Anchor protocol helped sink Terra" 1282:Nieva, Richard; Sethi, Aman (14 May 2022). 1150: 900: 869: 661: 3266: 2217: 2203: 1495:"Luna 2.0 coin crashes after rocky launch" 1281: 1183: 931: 694: 374:Patterson v. TerraForm Labs Pte Ltd. et al 1692: 1117: 763: 639: 633: 501: 2064: 1917: 1522: 1002: 309:(worth USD $ 7 million) to the law firm 23:Blockchain protocol and payment platform 1345: 1189: 1156: 819: 743:U.S. Securities and Exchange Commission 700: 439: 347:U.S. Securities and Exchange Commission 74:protocol and payment platform used for 3286: 3053: 2065:Park, Kate; Liao, Rita (20 May 2022). 1551: 1492: 1454: 878:"์‹ ํ˜„์„ฑ-๊ถŒ๋„ํ˜•, ์‹ฑ๊ฐ€ํฌ๋ฅด 'ํ…Œ๋ผ' ๋ฒ•์ธ ๊ณต๋™์ฃผ์ฃผ...๊ฑฐ์ง“ํ•ด๋ช… ๋…ผ๋ž€" 667: 411: 407: 405: 299:and conspiracy. The following month, 90:and the associated LUNA reserve asset 3184:Decentralized autonomous organization 2198: 1998: 1725:"๊ถŒ๋„ํ˜• ํ…Œ๋ผ ์‚ฌํƒœ ์˜ˆ๊ฒฌ?...ํญ๋ฝ ์ง์ „ ํ…Œ๋ผํผ๋žฉ์Šค ํ•œ๊ตญ๋ฒ•์ธ ํ•ด์‚ฐ" 1688: 1686: 1607: 1605: 1578: 1576: 1574: 1277: 1275: 1220:"ํ…Œ๋ผ ํญ๋ฝ ์†... ๊ถŒ๋„ํ˜•์˜ 4์กฐ5000์–ต ๋น„ํŠธ์ฝ”์ธ์€ ์–ด๋”” ๊ฐ”๋‚˜" 998: 996: 971: 732: 730: 583: 271:documents, while also carrying false 78:. The project was created in 2018 by 3254: 2224: 2001:"๋ถ€ํ™œํ•œ '์—ฌ์˜๋„ ์ €์Šน์‚ฌ์ž', 1ํ˜ธ ์ˆ˜์‚ฌ๋กœ '๋ฃจ๋‚˜ ์‚ฌํƒœ' ์ •์กฐ์ค€" 1819: 1756:"๋ฃจ๋‚˜ ์ฐฝ์—…์ž ๊ถŒ๋„ํ˜•์€ ์–ด๋””์—โ€ฆ11์ผ ํˆฌ์ž๋…๋ ค ํŠธ์œ— ํ›„ ํ–‰๋ฐฉ๋ฌ˜์—ฐ" 1722: 1523:Morrison, James (8 September 2022). 1419: 1217: 1030: 847: 611: 555: 497: 495: 493: 2031: 1973: 1884: 1786: 1753: 937: 906: 875: 820:Hetzner, Christiaan (16 May 2022). 402: 13: 1918:Michaels, Dave (25 October 2021). 1683: 1602: 1571: 1552:Davies, Pascale (15 August 2022). 1346:Lopatto, Elizabeth (20 May 2022). 1272: 1157:Melinek, Jacquelyn (12 May 2022). 993: 727: 440:Melinek, Jacquelyn (12 May 2022). 14: 3325: 3194:Distributed ledger technology law 1988:from the original on 18 May 2022. 1493:Luenam, Poonyapat (31 May 2022). 490: 3265: 3253: 3242: 3241: 2046:from the original on 18 May 2022 2013:from the original on 18 May 2022 1899:from the original on 18 May 2022 1866:from the original on 18 May 2022 1834:from the original on 18 May 2022 1820:Jung, Jeong-wook (16 May 2022). 1801:from the original on 18 May 2022 1768:from the original on 16 May 2022 1735:from the original on 15 May 2022 1232:from the original on 16 May 2022 1031:Hart, Robert (6 December 2021). 953:from the original on 19 May 2022 919:from the original on 19 May 2022 888:from the original on 19 May 2022 848:Lane, Sylvan (9 February 2022). 764:Min-hyung, Lee (21 April 2021). 715:from the original on 17 May 2022 682:from the original on 17 May 2022 502:Ledbetter, James (13 May 2022). 197:In February 2022, Terra and the 2174: 2146: 2118: 2093: 2058: 1999:Hwang, Doo-hyun (18 May 2022). 1939: 1911: 1693:Wan Chern, Kang (13 May 2022). 1657: 1631: 1545: 1516: 1486: 1448: 1413: 1378: 1339: 1303: 1244: 1218:Jang, Hyung-tae (16 May 2022). 1093: 1058: 1024: 1003:Jagtiani, Sunil (12 May 2022). 965: 909:"์ง€๋ถ„ ์—†๋‹ค๋”๋‹ˆโ€ฆ์‹ ํ˜„์„ฑ ๊ณต๋™ ์ฐฝ์—…์ž, ์—ฌ์ „ํžˆ ํ…Œ๋ผ ์ฃผ์ฃผ" 841: 813: 785: 757: 701:Ehrlich, Steven (10 May 2022). 668:Davies, Pascale (15 May 2022). 336:Monetary Authority of Singapore 324:Licensing and regulatory issues 2034:"ํ•œ๋™ํ›ˆ์ด ๋˜์‚ด๋ฆฐ '์—ฌ์˜๋„ ์ €์Šน์‚ฌ์ž' 1ํ˜ธ ์ˆ˜์‚ฌ ๋ฃจ๋‚˜" 1754:Kim, Jeong-suk (13 May 2022). 605: 577: 549: 523: 433: 412:Miller, Hannah (13 May 2022). 1: 3314:Currencies introduced in 2019 2032:Son, Hyeon-an (18 May 2022). 1854:"๋ฃจ๋‚˜-ํ…Œ๋ผ ํญ๋ฝ์— ํˆฌ์ž์ž ๋ชจ์˜€๋‹คโ€ฆ'๊ณ ์†Œ ์ง„ํ–‰ ์ค‘'" 1787:Son, Seok-woo (16 May 2022). 1723:Kang, Jin-kyu (13 May 2021). 1190:Liedtka, Dave (15 May 2022). 972:Locke, Taylor (13 May 2022). 907:Kim, Kook-bae (18 May 2022). 612:Shen, Muyao (23 March 2022). 395: 1974:Lee, Michael (18 May 2022). 1455:Browne, Ryan (30 May 2022). 938:Kim, Hyo-sun (18 May 2022). 584:Geron, Tomio (10 May 2022). 7: 2255:Cryptographic hash function 1885:Jin, Min-ji (18 May 2022). 1420:Shen, Muyao (25 May 2022). 1136:10.1016/j.physa.2023.129044 876:Kim, Ha-nee (18 May 2022). 556:Shen, Muyao (13 May 2022). 216: 174:Lightspeed Venture Partners 10: 3330: 1862:(in Korean). 17 May 2022. 283:. A federal grand jury in 220: 155: 127:decentralized applications 82:, a startup co-founded by 15: 3237: 3214:Initial exchange offering 3189:Decentralized application 3169:Cryptocurrency in Nigeria 3131: 3105: 2895: 2857: 2786: 2743: 2674: 2584: 2534: 2510: 2494: 2470: 2431: 2406: 2352: 2342: 2308: 2232: 2039:Seoul Broadcasting System 1822:"๋ฃจ๋‚˜, 99% ๋Œ€ํญ๋ฝโ€ฆ๊ฑฐ๋ž˜์†Œ์„œ ํ‡ด์ถœ ์ž‡๋‹ฌ์•„" 1794:Seoul Broadcasting System 190:worth approximately $ 2.4 108: 51: 43: 33: 18:Terra (proposed currency) 3219:List of cryptocurrencies 3106:Crypto service companies 2897:Cryptocurrency exchanges 1761:Maeil Business Newspaper 340:Supreme Court of Korea's 16:Not to be confused with 3304:Cryptocurrency projects 2073:. Yahoo. Archived from 1925:The Wall Street Journal 382:High Court of Singapore 76:algorithmic stablecoins 3154:Complementary currency 2260:Decentralized exchange 2245:Cryptocurrency tumbler 3209:Initial coin offering 3164:Cryptocurrency bubble 2695:Basic Attention Token 2265:Decentralized finance 2250:Cryptocurrency wallet 355:financial derivatives 318:Chapter 11 bankruptcy 202:Major League Baseball 150:financial derivatives 123:market capitalisation 103:market capitalization 3204:Environmental impact 3174:Cryptocurrency scams 2006:Korea Economic Daily 1892:Korea JoongAng Daily 199:Washington Nationals 2859:Inactive currencies 1317:Wall Street Journal 1128:2023PhyA..62529044V 1043:on 11 February 2022 30: 2319:Proof of authority 2290:Non-fungible token 2270:Distributed ledger 2184:. 3 November 2022. 1955:. 16 February 2023 1859:The Financial News 1071:The New York Times 799:The New York Times 28: 3281: 3280: 3101: 3100: 2580: 2579: 2280:Lightning Network 2134:. 8 November 2022 2131:The Straits Times 1702:The Straits Times 478:. 21 January 2024 331:The Straits Times 293:commodities fraud 277:Podgorica Airport 65: 64: 3321: 3269: 3268: 3257: 3256: 3245: 3244: 3229:Virtual currency 3179:Digital currency 3159:Crypto-anarchism 3051: 3050: 2804:HBAR (Hashgraph) 2787:Other currencies 2423:Ethereum Classic 2350: 2349: 2226:Cryptocurrencies 2219: 2212: 2205: 2196: 2195: 2186: 2185: 2178: 2172: 2171: 2169: 2167: 2150: 2144: 2143: 2141: 2139: 2122: 2116: 2115: 2113: 2111: 2097: 2091: 2090: 2084: 2082: 2062: 2056: 2055: 2053: 2051: 2029: 2023: 2022: 2020: 2018: 1996: 1990: 1989: 1971: 1965: 1964: 1962: 1960: 1943: 1937: 1936: 1934: 1932: 1915: 1909: 1908: 1906: 1904: 1882: 1876: 1875: 1873: 1871: 1850: 1844: 1843: 1841: 1839: 1817: 1811: 1810: 1808: 1806: 1784: 1778: 1777: 1775: 1773: 1751: 1745: 1744: 1742: 1740: 1720: 1714: 1713: 1711: 1709: 1698: 1690: 1681: 1680: 1678: 1676: 1661: 1655: 1654: 1652: 1650: 1635: 1629: 1628: 1626: 1624: 1609: 1600: 1599: 1597: 1595: 1580: 1569: 1568: 1566: 1564: 1549: 1543: 1542: 1537: 1535: 1520: 1514: 1513: 1507: 1505: 1490: 1484: 1483: 1474: 1472: 1463:. Archived from 1452: 1446: 1445: 1439: 1437: 1428:. Archived from 1426:The Boston Globe 1417: 1411: 1410: 1404: 1402: 1393:. Archived from 1382: 1376: 1375: 1365: 1363: 1354:. Archived from 1343: 1337: 1336: 1334: 1332: 1307: 1301: 1300: 1298: 1296: 1279: 1270: 1269: 1267: 1265: 1248: 1242: 1241: 1239: 1237: 1215: 1209: 1208: 1206: 1204: 1187: 1181: 1180: 1178: 1176: 1167:. Archived from 1154: 1148: 1147: 1121: 1097: 1091: 1090: 1084: 1082: 1073:. Archived from 1062: 1056: 1055: 1050: 1048: 1039:. Archived from 1028: 1022: 1021: 1019: 1017: 1000: 991: 990: 988: 986: 969: 963: 962: 960: 958: 935: 929: 928: 926: 924: 904: 898: 897: 895: 893: 873: 867: 866: 864: 862: 845: 839: 838: 836: 834: 817: 811: 810: 808: 806: 789: 783: 782: 780: 778: 761: 755: 754: 752: 750: 734: 725: 724: 722: 720: 698: 692: 691: 689: 687: 665: 659: 658: 656: 654: 637: 631: 630: 628: 626: 609: 603: 602: 600: 598: 581: 575: 574: 572: 570: 553: 547: 546: 544: 542: 527: 521: 520: 518: 516: 499: 488: 487: 485: 483: 468: 459: 458: 456: 454: 437: 431: 430: 428: 426: 409: 372:A class action, 289:securities fraud 231: 208: 193: 186: 100: 61: 58: 31: 27: 3329: 3328: 3324: 3323: 3322: 3320: 3319: 3318: 3284: 3283: 3282: 3277: 3233: 3199:Double-spending 3149:Blockchain game 3127: 3097: 3049: 2891: 2853: 2782: 2739: 2670: 2576: 2530: 2506: 2490: 2466: 2427: 2402: 2338: 2304: 2228: 2223: 2192: 2190: 2189: 2180: 2179: 2175: 2165: 2163: 2152: 2151: 2147: 2137: 2135: 2124: 2123: 2119: 2109: 2107: 2099: 2098: 2094: 2080: 2078: 2063: 2059: 2049: 2047: 2030: 2026: 2016: 2014: 1997: 1993: 1972: 1968: 1958: 1956: 1945: 1944: 1940: 1930: 1928: 1916: 1912: 1902: 1900: 1883: 1879: 1869: 1867: 1852: 1851: 1847: 1837: 1835: 1827:The Dong-a Ilbo 1818: 1814: 1804: 1802: 1785: 1781: 1771: 1769: 1752: 1748: 1738: 1736: 1721: 1717: 1707: 1705: 1691: 1684: 1674: 1672: 1671:. 17 April 2023 1663: 1662: 1658: 1648: 1646: 1645:. 23 March 2023 1637: 1636: 1632: 1622: 1620: 1619:. 23 March 2023 1617:Financial Times 1611: 1610: 1603: 1593: 1591: 1590:. 23 March 2023 1582: 1581: 1572: 1562: 1560: 1550: 1546: 1533: 1531: 1521: 1517: 1503: 1501: 1491: 1487: 1470: 1468: 1453: 1449: 1435: 1433: 1418: 1414: 1400: 1398: 1383: 1379: 1361: 1359: 1344: 1340: 1330: 1328: 1308: 1304: 1294: 1292: 1280: 1273: 1263: 1261: 1250: 1249: 1245: 1235: 1233: 1225:The Chosun Ilbo 1216: 1212: 1202: 1200: 1188: 1184: 1174: 1172: 1155: 1151: 1098: 1094: 1080: 1078: 1063: 1059: 1046: 1044: 1029: 1025: 1015: 1013: 1001: 994: 984: 982: 970: 966: 956: 954: 945:The Chosun Ilbo 936: 932: 922: 920: 905: 901: 891: 889: 874: 870: 860: 858: 846: 842: 832: 830: 818: 814: 804: 802: 790: 786: 776: 774: 762: 758: 748: 746: 736: 735: 728: 718: 716: 699: 695: 685: 683: 666: 662: 652: 650: 638: 634: 624: 622: 610: 606: 596: 594: 582: 578: 568: 566: 554: 550: 540: 538: 529: 528: 524: 514: 512: 500: 491: 481: 479: 470: 469: 462: 452: 450: 438: 434: 424: 422: 410: 403: 398: 349:(SEC) issued a 326: 311:Kim & Chang 229: 225: 219: 206: 191: 184: 158: 111: 98: 55: 44:Initial release 24: 21: 12: 11: 5: 3327: 3317: 3316: 3311: 3306: 3301: 3296: 3279: 3278: 3276: 3275: 3263: 3251: 3238: 3235: 3234: 3232: 3231: 3226: 3221: 3216: 3211: 3206: 3201: 3196: 3191: 3186: 3181: 3176: 3171: 3166: 3161: 3156: 3151: 3146: 3141: 3135: 3133: 3132:Related topics 3129: 3128: 3126: 3125: 3120: 3115: 3109: 3107: 3103: 3102: 3099: 3098: 3096: 3095: 3090: 3085: 3080: 3075: 3074: 3073: 3063: 3057: 3055: 3048: 3047: 3042: 3037: 3032: 3027: 3022: 3017: 3012: 3007: 3002: 2997: 2992: 2987: 2982: 2977: 2972: 2967: 2962: 2957: 2952: 2947: 2942: 2937: 2932: 2927: 2922: 2917: 2912: 2907: 2901: 2899: 2893: 2892: 2890: 2889: 2884: 2879: 2874: 2869: 2863: 2861: 2855: 2854: 2852: 2851: 2846: 2841: 2836: 2831: 2826: 2821: 2816: 2811: 2806: 2801: 2796: 2790: 2788: 2784: 2783: 2781: 2780: 2775: 2770: 2765: 2760: 2755: 2749: 2747: 2741: 2740: 2738: 2737: 2732: 2727: 2722: 2717: 2712: 2707: 2702: 2697: 2692: 2687: 2681: 2679: 2672: 2671: 2669: 2668: 2663: 2658: 2653: 2648: 2643: 2638: 2633: 2628: 2623: 2618: 2612: 2607: 2602: 2597: 2591: 2589: 2586:Proof of stake 2582: 2581: 2578: 2577: 2575: 2574: 2569: 2564: 2559: 2557:Nervos Network 2554: 2549: 2544: 2538: 2536: 2532: 2531: 2529: 2528: 2523: 2517: 2515: 2508: 2507: 2505: 2504: 2498: 2496: 2492: 2491: 2489: 2488: 2483: 2477: 2475: 2468: 2467: 2465: 2464: 2459: 2454: 2449: 2444: 2438: 2436: 2429: 2428: 2426: 2425: 2420: 2413: 2411: 2404: 2403: 2401: 2400: 2395: 2390: 2385: 2380: 2375: 2370: 2365: 2359: 2357: 2347: 2340: 2339: 2337: 2336: 2331: 2329:Proof of stake 2326: 2324:Proof of space 2321: 2315: 2313: 2306: 2305: 2303: 2302: 2297: 2295:Smart contract 2292: 2287: 2282: 2277: 2272: 2267: 2262: 2257: 2252: 2247: 2242: 2236: 2234: 2230: 2229: 2222: 2221: 2214: 2207: 2199: 2188: 2187: 2173: 2162:. 21 June 2022 2159:Bloomberg News 2145: 2117: 2092: 2077:on 28 May 2022 2057: 2024: 1991: 1966: 1938: 1910: 1877: 1845: 1812: 1779: 1746: 1715: 1682: 1656: 1630: 1601: 1570: 1544: 1515: 1485: 1467:on 31 May 2022 1447: 1432:on 26 May 2022 1412: 1397:on 25 May 2022 1377: 1358:on 27 May 2022 1338: 1302: 1271: 1243: 1210: 1182: 1171:on 12 May 2022 1149: 1092: 1077:on 26 May 2022 1057: 1023: 1010:Bloomberg News 992: 964: 930: 899: 868: 840: 812: 784: 756: 726: 693: 660: 632: 619:Bloomberg News 604: 576: 563:Bloomberg News 548: 522: 489: 460: 432: 419:Bloomberg News 400: 399: 397: 394: 387:In June 2022, 325: 322: 218: 215: 170:Galaxy Digital 157: 154: 119:proof-of-stake 110: 107: 92:cryptocurrency 80:Terraform Labs 63: 62: 53: 49: 48: 45: 41: 40: 39:Terraform Labs 37: 22: 9: 6: 4: 3: 2: 3326: 3315: 3312: 3310: 3307: 3305: 3302: 3300: 3297: 3295: 3294:2018 software 3292: 3291: 3289: 3274: 3273: 3264: 3262: 3261: 3252: 3250: 3249: 3240: 3239: 3236: 3230: 3227: 3225: 3222: 3220: 3217: 3215: 3212: 3210: 3207: 3205: 3202: 3200: 3197: 3195: 3192: 3190: 3187: 3185: 3182: 3180: 3177: 3175: 3172: 3170: 3167: 3165: 3162: 3160: 3157: 3155: 3152: 3150: 3147: 3145: 3142: 3140: 3137: 3136: 3134: 3130: 3124: 3121: 3119: 3116: 3114: 3111: 3110: 3108: 3104: 3094: 3091: 3089: 3086: 3084: 3081: 3079: 3078:LocalBitcoins 3076: 3072: 3069: 3068: 3067: 3064: 3062: 3059: 3058: 3056: 3052: 3046: 3043: 3041: 3038: 3036: 3033: 3031: 3028: 3026: 3023: 3021: 3018: 3016: 3013: 3011: 3010:ItBit (Paxos) 3008: 3006: 3003: 3001: 2998: 2996: 2993: 2991: 2988: 2986: 2983: 2981: 2978: 2976: 2973: 2971: 2968: 2966: 2963: 2961: 2958: 2956: 2953: 2951: 2948: 2946: 2943: 2941: 2938: 2936: 2933: 2931: 2928: 2926: 2923: 2921: 2918: 2916: 2913: 2911: 2908: 2906: 2903: 2902: 2900: 2898: 2894: 2888: 2885: 2883: 2880: 2878: 2875: 2873: 2870: 2868: 2865: 2864: 2862: 2860: 2856: 2850: 2847: 2845: 2842: 2840: 2837: 2835: 2832: 2830: 2827: 2825: 2822: 2820: 2817: 2815: 2812: 2810: 2807: 2805: 2802: 2800: 2797: 2795: 2792: 2791: 2789: 2785: 2779: 2776: 2774: 2771: 2769: 2766: 2764: 2761: 2759: 2756: 2754: 2751: 2750: 2748: 2746: 2742: 2736: 2733: 2731: 2728: 2726: 2723: 2721: 2718: 2716: 2713: 2711: 2708: 2706: 2703: 2701: 2698: 2696: 2693: 2691: 2688: 2686: 2683: 2682: 2680: 2677: 2673: 2667: 2664: 2662: 2659: 2657: 2654: 2652: 2649: 2647: 2644: 2642: 2639: 2637: 2634: 2632: 2629: 2627: 2624: 2622: 2619: 2616: 2613: 2611: 2608: 2606: 2603: 2601: 2598: 2596: 2593: 2592: 2590: 2587: 2583: 2573: 2570: 2568: 2565: 2563: 2560: 2558: 2555: 2553: 2550: 2548: 2545: 2543: 2540: 2539: 2537: 2533: 2527: 2524: 2522: 2519: 2518: 2516: 2513: 2509: 2503: 2500: 2499: 2497: 2495:RandomX-based 2493: 2487: 2484: 2482: 2479: 2478: 2476: 2473: 2469: 2463: 2460: 2458: 2455: 2453: 2450: 2448: 2445: 2443: 2440: 2439: 2437: 2434: 2430: 2424: 2421: 2418: 2415: 2414: 2412: 2409: 2405: 2399: 2396: 2394: 2391: 2389: 2386: 2384: 2381: 2379: 2376: 2374: 2371: 2369: 2366: 2364: 2361: 2360: 2358: 2355: 2351: 2348: 2345: 2344:Proof of work 2341: 2335: 2334:Proof of work 2332: 2330: 2327: 2325: 2322: 2320: 2317: 2316: 2314: 2311: 2307: 2301: 2298: 2296: 2293: 2291: 2288: 2286: 2283: 2281: 2278: 2276: 2273: 2271: 2268: 2266: 2263: 2261: 2258: 2256: 2253: 2251: 2248: 2246: 2243: 2241: 2238: 2237: 2235: 2231: 2227: 2220: 2215: 2213: 2208: 2206: 2201: 2200: 2197: 2193: 2183: 2177: 2161: 2160: 2155: 2149: 2133: 2132: 2127: 2121: 2106: 2102: 2096: 2089: 2076: 2072: 2068: 2061: 2045: 2042:(in Korean). 2041: 2040: 2035: 2028: 2012: 2009:(in Korean). 2008: 2007: 2002: 1995: 1987: 1983: 1982: 1981:JoongAng Ilbo 1977: 1970: 1954: 1953: 1948: 1942: 1927: 1926: 1921: 1914: 1898: 1894: 1893: 1888: 1881: 1865: 1861: 1860: 1855: 1849: 1833: 1830:(in Korean). 1829: 1828: 1823: 1816: 1800: 1797:(in Korean). 1796: 1795: 1790: 1783: 1767: 1764:(in Korean). 1763: 1762: 1757: 1750: 1734: 1731:(in Korean). 1730: 1726: 1719: 1704: 1703: 1697: 1689: 1687: 1670: 1669:Bloomberg.com 1666: 1660: 1644: 1643:Bloomberg.com 1640: 1634: 1618: 1614: 1608: 1606: 1589: 1588:Bloomberg.com 1585: 1579: 1577: 1575: 1559: 1555: 1548: 1541: 1530: 1526: 1519: 1512: 1500: 1496: 1489: 1482: 1480: 1466: 1462: 1458: 1451: 1444: 1431: 1427: 1423: 1416: 1409: 1396: 1392: 1388: 1381: 1374: 1372: 1357: 1353: 1349: 1342: 1327: 1323: 1319: 1318: 1313: 1306: 1291: 1290: 1289:BuzzFeed News 1285: 1278: 1276: 1260:. 13 May 2022 1259: 1258: 1253: 1247: 1231: 1228:(in Korean). 1227: 1226: 1221: 1214: 1199: 1198: 1193: 1186: 1170: 1166: 1165: 1160: 1153: 1145: 1141: 1137: 1133: 1129: 1125: 1120: 1115: 1111: 1107: 1103: 1096: 1089: 1076: 1072: 1068: 1061: 1054: 1042: 1038: 1034: 1027: 1012: 1011: 1006: 999: 997: 981: 980: 975: 968: 952: 949:(in Korean). 948: 946: 941: 934: 918: 915:(in Korean). 914: 910: 903: 887: 884:(in Korean). 883: 879: 872: 857: 856: 851: 844: 829: 828: 823: 816: 801: 800: 795: 788: 773: 772: 767: 760: 745: 744: 739: 733: 731: 714: 710: 709: 704: 697: 681: 677: 676: 671: 664: 649: 648: 643: 636: 621: 620: 615: 608: 593: 592: 587: 580: 565: 564: 559: 552: 537:. 10 May 2022 536: 532: 526: 511: 510: 505: 498: 496: 494: 477: 473: 467: 465: 449: 448: 443: 436: 421: 420: 415: 408: 406: 401: 393: 390: 385: 383: 379: 375: 370: 368: 367:Han Dong-hoon 363: 361: 356: 352: 348: 343: 341: 337: 333: 332: 321: 319: 314: 312: 308: 307: 302: 298: 294: 290: 286: 282: 278: 274: 270: 266: 261: 259: 255: 250: 246: 242: 239: 234: 224: 214: 210: 203: 200: 195: 189: 182: 177: 175: 171: 167: 163: 153: 151: 147: 141: 139: 135: 130: 128: 124: 120: 116: 106: 104: 95: 93: 89: 85: 81: 77: 73: 69: 60: 54: 50: 47:24 April 2019 46: 42: 38: 36: 32: 26: 19: 3270: 3258: 3246: 3123:Initiative Q 2813: 2767: 2481:Bitcoin Gold 2373:Counterparty 2368:Bitcoin Cash 2191: 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Index

Terra (proposed currency)
Developer(s)
terra.money
blockchain
algorithmic stablecoins
Do Kwon
stablecoin
cryptocurrency
market capitalization
stablecoins
proof-of-stake
market capitalisation
decentralized applications
pegged
U.S. dollar
Ponzi scheme
financial derivatives
Seoul
Coinbase
Galaxy Digital
Lightspeed Venture Partners
Singapore
bitcoin
Washington Nationals
Major League Baseball
Cryptocurrency bubble ยง Collapse of Terra-Luna
bitcoin
ponzi scheme
Dubai
Costa Rican

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