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Ethereum's Vitalik Buterin claims that the Terra Luna team attempted to manipulate the market and prop up the price of the native token

The National Assembly of South Korea has summoned Terraform Labs co-founder Daniel Shin to testify during its upcoming parliamentary audit of the Financial Services Commission (FSC), the country's leading financial watchdog.

The collapse of the algorithmic stablecoin Terra and its native token LUNA remained a shocking event in the crypto space. The outcome was the loss of billions of dollars for many individual and institutional investors.

One of the most shocking collapses in the cryptocurrency market occurred in May when the Terra ecosystem fell apart. It destroyed $60 billion in market value and led to the bankruptcy of certain cryptocurrency companies as well as investors.

The Terra collapse is now four months gone, and things continue to develop around the why. Mostly, the attention has been on founder Do Kwon and others who were involved in the running and eventual downfall of the network.

Galaxy Digital CEO Mike Novogratz said many retail investors who lost money in the collapse of Terraform Labs' luna cryptocurrency failed to appreciate the risks involved and held on to their tokens for too long. "The Hash" panel discusses his comments and the luna fiasco.

Terraform Labs is reportedly accusing South Korean authorities of giving in to public pressure when they issued a warrant of arrest against its founder Do Kwon. Kwon currently faces legal actions following the crash of the cryptocurrency Terra (LUNA) and the stablecoin TerraUSD (UST).

CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Sylvia Jablonski of Defiance ETFs discusses altcoin performance and a new way to short crypto equities as prices continue to fall.

Binance may be dropping USDC trading on its exchange, but the stablecoin is expanding to five new blockchains.

The Terra (LUNA) Saga continues as Do Kwon claims he didn't touch the BTC stash.

As US policymakers mull a moratorium on algorithmic stablecoins, some upstarts are still searching for alternatives to the fiat-backed variety

A spokesperson for Terraform Labs said they would not reveal the location of co-founder Do Kwon, according to a Wall Street Journal report. The company has cited “physical security risks” as the reason behind not wanting to disclose Kwon's location.

Terraform Labs suggested that South Korean prosecutors may be 'overreaching their authority' arguing that Luna Classic isn't legally a security The post Terra Spokesman Argues ‘Luna Classic has Never Been a Security' Amid Legal Trouble appeared first on BeInCrypto.

Several twists and turns have occurred in the ongoing case and inquiry against Terra's creator, Do Kwon. Despite Interpol's efforts to locate him, Terra's creator insists that he is not hiding and continues to conduct an “ordinary” life.

Do Kwon and Terraform Labs didn't break the law as LUNA has never been a security, a spokesman reportedly said

The recent case and investigation against Terra founder Do Kwon have taken several turns. While Interpol is on the lookout for Kwon's location, the Terra founder says that he's not hiding and leading a normal life.

Psychic predictions have been around as long as humans have. Especially in times of instability, humans have turned to such fortune tellers to soothe their worries.

After a day long of trading in the red zone, the cryptocurrency market is now flashing green. Yet, the market has not gained its $1 trillion mark as most of the currencies are still below their crucial levels.

Terraform Labs accused South Korean prosecutors of overreaching their authority, the Wall Street Journal reported Wednesday. The post Terraform Labs says South Korea's Luna case is ‘highly politicized': WSJ appeared first on The Block.

Terraform Labs have described the South Korean prosecutor's arrest warrant for its CEO Do Kwon as an “overreach” of their authorities, The Wall Street Journal reported September 28 Citing a Terraform statement, WSJ wrote that a spokesman for the firm claimed that the failed Luna crypto asset was not a security, so South Korea's capital-markets law

Terra news today sees founder Do Kwon rebuffing claims that he is attempting to cash out over $62 million in Bitcoin holdings.

Terraform Labs insists that the Luna Classic token is not a security, which is why it shouldn't be covered by South Korean's capital-markets law

A Terraform spokesperson claimed that its Luna cryptocurrency wasn't a security, meaning it wasn't covered by South Korea's capital-markets law.

Amid reports that the Luna Foundation Guard [LFG] moved 3,313 Bitcoin (CRYPTO: BTC), worth over $69 million, to two crypto exchanges outside South Korea after an arrest warrant was issued for Do Kwon, the beleaguered Terra blockchain founder on Wednesday claimed he had not used the platforms in nearly a year. Interpol issued a red alert for Kwon's arrest earlier this week, due to his involvement in the collapse of the Terra ecosystem.