Do Kwon Must Surrender Passport, South Korea Seeks Justice
The CEO of Terraform Labs has been asked to surrender his passport to the Korean government. Read more.
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Terra’s Do Kwon Announces UST Recovery Plan
Terra’s stablecoin UST and LUNA have dropped as low as $0.19 and $0.002, respectively. CEO of Terraform Labs Do Kwon said increasing the supply of LUNA in the market would help re-peg UST. Kwon also plans to adjust its collateralization mechanism. Terraform Labs’s founder and CEO Do Kwon revealed the company’s recovery plan for UST and LUNA amid this week’s crypto crash. He pointed out that the company didn’t mean to become so quiet and asked ‘lunatics’ to stay strong. In Kwon’s Twitter thread post addressed to the Terra Community, he said: “I understand the last 72 hours have been
