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Hashed CEO remains bullish and intends to invest in more crypto projects despite the firm's $3.6 billion exposure to Terra.

Hashed was widely believed to be one of the biggest losers in Terra's collapse after LUNA crashed to zero in May. The firm's CEO Simon Seojoon Kim has confirmed that it held around $3.6 billion worth of LUNA at the peak in a Bloomberg interview.

Terra's LUNA debacle three months ago severely impacted the cryptocurrency market, resulting in billions of dollars lost. Besides individual project investors, now rebranded as TerraClassic (LUNC), many corporate investors also incurred significant losses amid the token's crash.

CoinShares is another crypto entity that registered a loss due to the collapse of the Terra ecosystem.

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Coinshares joins the list of crypto firms that have had to bear the negative impact of the Terra crash.  Yesterday, August 2nd, the European-based cryptocurrency investment firm, CoinShares disclosed its Q2 earnings for 2022. As per the reports, the firm's income has dropped from 19.6 million pounds ($23.89 million) to 14.2 million pounds ($17.31 million).

CEO Simon Seojoon Kim tells Bloomberg that Hashed had bought 30 million luna tokens in the blockchain project's early days. The post Crypto VC firm Hashed confirms losing more than $3 billion in luna crash: Bloomberg appeared first on The Block.

Hashed, an early investor in the LUNA token, is plotting a major comeback after enduring a torrid time following Terra's collapse. The post Pioneering LUNA Investor Hashed Plots Crypto Comeback appeared first on BeInCrypto.

Coinspeaker CoinShares Releases Q2 2022 Report, Loses 128% in Earnings due to Terra Crash

The London-based firm's exposure to Terra resulted in its first negative quarter since going public.

The Singapore government has posted a response to questions emanating from Parliament pertaining to the collapse of TerraUSD – LUNA. TerraUSD was an aspiring algorithmic stablecoin that was tied to LUNA.

The Monetary Authority of Singapore (MAS) in response to a parliamentary inquiry, shared insights on how the Luna collapse affected the economy and laid out plans to engage the public in its stablecoin regulation. The post Singapore regulator responds to Terra collapse; plans to involve public in stablecoin regulations appeared first on CryptoSlate.

The firm's book-making took a huge hit after being exposed to the TerraUSD collapse.

Prosecutors in South Korea complete the Terra Raids on Exchanges, Tech, and Venture Capital Firms. A more than week-long prosecution raid on South Korean crypto exchanges and Terraform Labs-related organizations has concluded, with investigators acknowledging that acquiring the material they sought was difficult.

Volatility to crypto traders is nothing new, and the turbulence for the Terra (LUNA) ecosystem and its subsequent relaunch as

A more than week-long prosecution raid of South Korean crypto exchanges and companies linked to Terraform Labs has finally come to an end, with officers admitting that finding the information they were after was challenging.

Leading Terra 2.0 swap protocol, Astroport has opened the gateway to the Astral assembly.

Three months on and the crypto terrain looks different as the industry trudges forward, bearing the battle scars of the Terra implosion. The post Blockchain Users Reacted Differently to the Fallout from the Terra Collapse – Here's What You Need to Know appeared first on BeInCrypto.

Not much has changed since our last Terra LUNA price prediction. The price has faced massive resistance from the $0.000110 level.

Terra debacle has little impact on GameFi and Metaverse, as stated by a report from DappRadar. By reporting transaction count increases of 9.5% and 27%, respectively, in Q2, blockchain games and NFT-related Metaverse projects “managed to sidestep the ensuing bear market.

Blockchain games and NFT-related Metaverse projects “managed to sidestep the ensuing bear market” by posting transaction count increases of 9.5% and 27% respectively in Q2.

Terraform Labs and affiliates allegedly increased the revenue of its decentralized finance (DeFi) service 'Anchor Protocol' through insider trading.

After more than a week, South Korean authorities concluded their raids on crypto companies in connection with the Terra case on July 27, Yonhap news reported. The post South Korean officials conclude week-long raid in Terra-LUNA case appeared first on CryptoSlate.

Since the Terra (LUNA) has seen its collapse in the month of May 2022, it is under close scrutiny of the South Korean investigation. The team had recently even raided 15 crypto firms that included crypto exchanges like Upbit, Bithumb, Coinone, and Gopax.