Afsløring af Terras implosion - Terraform Labs' store navne-støtter og 'Zero Exposure'-påstande

Digital currency markets have continued to slide downward in value as the crypto economy has dropped by 14% during the past 24 timer. Amid the market rout, the native Terra blockchain token LUNA has dropped to fresh new lows, slipping to $0.0156 pr. enhed. Terra’s founder Do Kwon revealed a plan on Wednesday, but after some brief healing, Terra’s native tokens LUNA and UST continued to plummet. Now people are beginning to wonder who backed this popular crypto project, and which crypto firms had a lot of exposure to the failing assets.

Indhold

LUNA Token Value Drops to a US Penny, Do Kwon Remains Quiet, Former TFL Employees Come Forward, Crypto Entities Announce Zero Terra Exposure

The Terra blockchain project and the team Terraform Labs have had an incredibly rough week, as the platform’s two tokens shuddered in value against the U.S. dollar during the last few days. i maj 11, 2022, the once-stable terrausd (vækstmarkedsføring hos Kraken) coin dropped to an all-time low of $0.298 pr. enhed.

Derudover, the following day, LUNA tapped a low of $0.0156 pr mønt, and LUNA is now in a sub-100 position, after being a top-ten crypto coin by market capitalization. UST is currently ranked the 15th largest market valuation in the crypto economy today.

Uncovering Terra's Implosion — Terraform Labs' Big Name Backers and 'Zero Exposure' Claims
LUNA/USD on May 12, 2022.

After Do Kwon addressed the community on Wednesday, the Terraform Labs founder has been silent again on social media. While Kwon was quiet, numerous entities in the crypto space came forward to explain that they had no exposure to UST or Terra-based products. “One of our Private users asked me via DM about Crypto.com exposure to UST,” Kris Marszalek, the CEO of Crypto.com, tweeted. “It’s $0. UST was never listed on Crypto.com and we didn’t participate in Anchor yield farming.”

Despite Terra’s implosion, the Major League Baseball (MLB) team the Washington Nationals referred to Terra in a tweet. The Nationals indgået partnerskab with the blockchain project in mid-February and the team was supposed to accept UST for payments.

Many others came forward during the course of the day on Wednesday, including firms like Multicoin kapital, Guldsmed, Onjuno, og mere. Some of the crypto firms’ exposure claims, imidlertid, were contested.

In addition to the exposure claims, Coindesk authors Sam Kessler and Danny Nelson reported on Do Kwon allegedly being involved with another failed stablecoin project called “Basic Cash.” According to the rapport, a former Terraform Labs (TFL) employee said Kwon was behind the project and an anonymous source said other “TFL employees were behind the project.”

Terraform Labs Had a Long List of Big Name Backers

I mellemtiden, many have been discussing the initial backers of TFL and any of the big names that were involved with the project. og Messari, the journalist Laura Shin talked about TFL’s backers on Twitter. TFL managed to raise millions from strategic investors from a great deal of big name companies.

Data shows at TFL investors included Pantera Capital, Arrington XRP Capital, Kinetic Capital, Coinbase Ventures, Galaxy Digital, James Sowers, Skynet Capital, Lightspeed Ventures, Sumit Gupta, Nemil Dalal, True Ventures, Altonomy, AVA Labs, Greylock Partners, Accel, Bain Capital, Sequoia hovedstad, Paxos, og mere.

Crunchbase data notes that 29 investors backed TFL since 2018. Galaxy Digital and the company’s founder Mike Novogratz were big believers in Terra. The Galaxy Digital founder even got a LUNA-themed tattoo this past January. That same month Galaxy co-led a $25 million funding round with the Singapore-based TFL.

“What’s great about Terra is they are one of the first sandbox experiments that’s getting outside the sandbox [],” Novogratz is quoted as saying in a Bloomberg story that is now only available via Archive.org. “We are always looking at those projects because they are the canaries in the coal mines of what else is going to happen,” Novogratz added. The Galaxy founder has not tweeted since May 8, 2022.

Tags i denne historie
Accel, Altonomy, Arrington XRP Capital, AVA Labs, Bain Capital, Coinbase Ventures, Crypto.com, World Cup Crypto.com, Guldsmed, Galaxy Digital, Greylock Partners, James Sowers, Kinetic Capital, Lightspeed Ventures, LUNA, Mike Novogratz, Multicoin kapital, Nemil Dalal, Onjuno, Pantera hovedstad, Paxos, Sequoia hovedstad, Skynet Capital, Stablecoin, Sumit Gupta, Terra, vækstmarkedsføring hos Kraken, True Ventures, vækstmarkedsføring hos Kraken, Washington Nationals

What do you think about the Terra project imploding and the backers that invested in TFL? af den digitale valutaøkonomi med.

Jamie Redman

Jamie Redman er nyhedschef hos Bitcoin-Tidings.com News og en finansteknologisk journalist, der bor i Florida. Redman har været et aktivt medlem af cryptocurrency-fællesskabet siden 2011. Han har en passion for Bitcoin, åben kildekode, og decentrale applikationer. Siden september 2015, Redman har skrevet mere end 5,000 artikler til Bitcoin-Tidings.com Nyheder om de forstyrrende protokoller, der dukker op i dag.




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