Latest news about Terra

Terraform Labs contended that the sale of UST to retail investors did not involve any contractual obligations.

Open interest has experienced a remarkable upswing, reaching an impressive $11 billion, marking its highest level in over a year.

According to CoinDesk's Emily Parker, there are indications of advancement in Do Kwon's home country despite the ongoing impact of Terra's downfall.

South Korea seeks extradition of Terraform Labs CEO following his arrest in Montenegro.

According to reports, 'endogenously collateralized stablecoins,' which rely on the value of an attached cryptocurrency from the same inventor to maintain a stable price, will be covered by the definition of the bill.

In a series of Tweets in response to accusations that he left Singapore after an arrest warrant was issued on Wednesday, Kwon remained mum regarding his location.

A warrant to arrest Kwon and five other people who are currently in Singapore was issued by a court in Seoul, South Korea.

The LUNC rise is being fueled in part by the excitement surrounding Terra Classic's new token-burning feature and staking service.

The simultaneous crashes of Terra's UST stablecoin and LUNA fuelled the market-wide fall in May, which investors are currently recuperating from. However, Do Kwon and his team's rehabilitation efforts have restarted LUNA following this upheaval. In addition, its counterpart Terra LUNA Classic, as well as LUNA, have soared in recent days.

Terra Classic [LUNC] is seemingly rising from the ashes after its collapse earlier in May 2022. One of the most impressive comeback stories of the year is being written about the token.