Terra


Markets

LUNC Surges Over 160% in a Week as Do Kwon Sentencing and Token Burns Draw Traders

The rally is driven by speculation that a final verdict could bring clarity to the project, as well as technical factors like token burns.

(Midjourney/CoinDesk)

Finance

DeFi TVL Rebounds to $170B, Erasing Terra-Era Bear Market Losses

After three years of rebuilding, decentralized finance has returned to pre-Terra levels with more measured growth and rising institutional adoption.

TVL recovery since Terra crash (DefiLlama)

Markets

Terraform Labs to Open Claims Portal for Investors on March 31


Creditors must file claims by May 16, 2025, to seek potential recovery.

Two people work on a paper document surrounded by laptops.

Policy

Do Kwon Criminal Trial Set for 2026 as Lawyers Deal with ‘Massive’ Trove of Evidence

Prosecutors are currently working to unlock four of Kwon’s cell phones provided by Montenegrin authorities.

Do Kwon, cofounder of Terra. (Terra, modified by CoinDesk)

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Policy

Do Kwon Pleads Not Guilty to Fraud Following Extradition to US: Reuters

Kwon's Terraform Labs developed the luna cryptocurrency and stablecoin terraUSD, which folded in 2022, losing an estimated $40 billion

Do Kwon (CoinDesk archives)

Opinion

After 2022’s Bust, Scars Are Healing In Crypto Lending

Innovative structures, attractive yields, and stronger risk management capabilities are driving a recovery in institutional crypto lending markets, says Craig Birchall, head of product at Membrane, an institutional loan management software provider for digital asset markets.

(Igor Kyryliuk & Tetiana Kravchenko/ Unsplash+)

Tech

Terra Blockchain Restarts After $4M Exploit

A reentrancy attack briefly halted the network. It restarted after an “emergency” chain upgrade.

Crypto hacks, scams and exploits netted some $2 billion this year. (fikry anshor/Unsplash, modified by CoinDesk)

Policy

Terraform Labs, Do Kwon Agree to Pay SEC a Combined $4.5B in Civil Fraud Case

The settlement agreement, if accepted by a judge, would also ban Kwon and Terraform Labs from buying or selling all crypto asset securities.

Terraform Labs co-founder Do Kwon (CoinDesk TV)

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Policy

Terraform, Do Kwon Agree in Principle to Settle Fraud Case With SEC: Court Filing

Do Kwon is currently out on bail in Montenegro, awaiting extradition to either the U.S. or South Korea.

Terraform Labs CEO Do Kwon on CoinDesk TV in December. (CoinDesk)

Finance

Ethena Labs Divides Opinion as High Yield Stirs Memories of Terra

"A lot of things can go wrong," in Ethena's yield-generation strategy, said Folkvang CEO Mike van Rossum.

Ethena's total value locked surged 12-fold in 60 days. (DefiLlama)