Yield platform Stablegains sued for promoting UST: Finance Redefined
DeFi market saw another exploit this past week on the Platypus protocol, resulting in a loss of over $8 million.
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Yield platform Stablegains sued for promoting UST as a 'safe' investment
The stablecoin yield platform is being sued for customer losses following exposure to the Anchor Protocol and UST collapse last year.
Binance.US faces class-action lawsuit over LUNA and UST sale
The lawsuit could be the first of many for the U.S.-listed crypto exchanges that offered LUNA or UST to customers.
Two key takeaways from Nansen’s UST stablecoin depeg report
Blockchain analysis firm Nansen identifies two major takeaways following Terra's UST algorithmic stablecoin collapse.
Terra to burn 1B UST from the community pool as holders vote for it
The proposal highlighted that the burn may help restore the UST dollar peg by burning the excess supply.
Nox Bitcoin To Refund UST At $1 To Their Customers
Nox Bitcoin, a cryptocurrency exchange in Brazil, has taken the unprecedented step of using its own funds to refund customers for their TerraUSD coins at the full rate.
Following local media’s report on May 20, the Nox Bitcoin exchange has refunded a...
Terra’s amended revival plan would decrease the allocation for post-attack UST holders
Terra posted three new revisions to its revival plan. This included increasing genesis liquidity, introducing a new liquidity profile, and decreasing allocation for some holders.
Was Terra’s UST cataclysm the canary in the algorithmic stablecoin coal mine?
After an earthquake there are always aftershocks. The collapse of UST could be a sign that other stablecoins are also critically flawed.
Do Kwon summoned to parliamentary hearing following UST and LUNA crash
Rep. Yoon Chang-Hyeon noted that Korean exchanges each reacted differently to the crash and he wanted to invite both Do Kwon and the exchanges involved to learn more details.
US congress research agency weighs in on UST crash, notes gaps in regulation
The CRS described the TerraUSD crash as a “run-like” scenario where holders started to doubt the reserves that back the dollar peg.