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Terra

Portrait of Terra founder Do Kwon for CoinDesk's "Most Influential" (Jake the Degen/CoinDesk)
Consensus Magazine
Opinion
Satoshi's Mission, LUNA, UST and Where Crypto Went Wrong
In 2009, Satoshi Nakamoto encoded a mission statement for the industry in Bitcoin's first block. Essentially, crypto should first do no harm.
Portrait of Terra founder Do Kwon for CoinDesk's "Most Influential" (Jake the Degen/CoinDesk)
By Nathan Thompson
May 14, 2022 at 11:30 a.m. UTC
May 14, 2022
OpinionUSTDo KwonTerraBitcoin
“I still believe that decentralized economies deserve decentralized money – but it is clear that $UST in its current form will not be that money,” Kwon tweeted.(Dhaval Parmar/Unsplash/Photomosh)
Finance
Terra
Do Kwon: ‘I Am Heartbroken’ Over Pain Caused by UST Collapse
The admission comes after the stunning demise of the Terra blockchain’s flagship project.
“I still believe that decentralized economies deserve decentralized money – but it is clear that $UST in its current form will not be that money,” Kwon tweeted.(Dhaval Parmar/Unsplash/Photomosh)
By Nikhilesh De
May 13, 2022 at 10:32 p.m. UTC
May 13, 2022
TerraDo Kwon
Bitcoin Stabilizes Amid Terra Luna Ecosystem Collapse
Video
Bitcoin
Bitcoin Stabilizes Amid Terra Luna Ecosystem Collapse
A wild week for bitcoin as the collapse of Terra’s algorithmic stablecoin TerraUSD (UST) and luna (LUNA) token continues its ripple effects on the crypto industry. CoinDesk’s...
Bitcoin Stabilizes Amid Terra Luna Ecosystem Collapse
By CoinDesk Staff
May 13, 2022 at 8:16 p.m. UTC
May 13, 2022
Bitcoincdtvaab clipTerraLunaweek in review
The Earth had recently formed when it was struck by a protoplanet called Theia roughly three times the size of Mars. The collapse of the Terra blockchain system has had comparable impacts on some holders. (Mark Garlick/Getty Images/Science Photo Libra)
Consensus Magazine (layer2)
Do kwon
The Human Cost of Lunatic Hubris
Terraform Labs' Do Kwon and his collaborators sold a bad bet to thousands of everyday folks. We're beginning to see how immense the harm was.
The Earth had recently formed when it was struck by a protoplanet called Theia roughly three times the size of Mars. The collapse of the Terra blockchain system has had comparable impacts on some holders. (Mark Garlick/Getty Images/Science Photo Libra)
By David Z. Morris
May 13, 2022 at 6:28 p.m. UTC
May 13, 2022
Do KwonLuna Foundation GuardTerraLuna YieldStablecoinsFraudThe NodeNewslettersOpinion
(Fabrizio Villa/Getty Images)
Finance
Terra
LUNA Exchange-Traded Product Issuances Halted After Price Shellacking
The decisions by three issuers come after the collapse of algorithmic stablecoin UST along with the LUNA ecosystem.
(Fabrizio Villa/Getty Images)
By Michael Bellusci
May 13, 2022 at 5:14 p.m. UTC
May 13, 2022
TerraETFsETPsUST
(Unsplash, modified by CoinDesk)
Technology
Terra
Do Kwon’s Proposed Terra ‘Revival’ Puts UST, LUNA Holders in Charge
A “Revival Plan” submitted Friday by the Terraform Labs CEO would redistribute ownership of the network.
(Unsplash, modified by CoinDesk)
By Sam Kessler
May 13, 2022 at 5:05 p.m. UTC
May 13, 2022
Terra
Terra's UST and LUNA Collapse: Warnings and Skepticism in Retrospect
Video
Christine-lee
Terra’s UST and LUNA Collapse: Warnings and Skepticism in Retrospect
CoinDesk TV has been taking a deep dive into algorithmic stablecoins for months, interviewing experts who sounded the alarm on their potential risks. “First Mover” hosts Chris...
Terra's UST and LUNA Collapse: Warnings and Skepticism in Retrospect
By CoinDesk Staff
May 13, 2022 at 5:01 p.m. UTC
May 13, 2022
Christine-LeecdtvLawrence-LewitinnFM ClipStablecoinsTerraUSTTerraUSD
Terra Halts Network; Do Kwon Security Concerns
Video
Cdtv
Terra Halts Network; Do Kwon Security Concerns
Terra shuts down indefinitely with luna (LUNA) and TerraUSD (UST) left on life support. Wife of Terraform Labs Founder Do Kwon requests police protection. Tether stabilizes af...
Terra Halts Network; Do Kwon Security Concerns
By CoinDesk Staff
May 13, 2022 at 4:32 p.m. UTC
May 13, 2022
cdtvFM ClipAustraliaDailyForkTerraDo KwonLunaTerraUSD
(Shutterstock)
Finance
Stablecoin
Terra Blockchain Resumes Following 9-Hour Halt
Blocks 7607790 and 7607791 came through at around 11:27 UTC Friday.
(Shutterstock)
By Jamie Crawley
May 13, 2022 at 11:52 a.m. UTC
May 13, 2022
StablecoinTerraUST