Page 35 - Mirror Protocol News Today

It is looking into whether Terraform Labs, the Singapore-based firm behind the coin, broke rules for securities and investment products. Read more at straitstimes.com.

Terraform Lab CEO Do Kwon is in trouble with the US Securities and Exchange Commission, as the regulator has taken note of money laundering activities

The SEC and others are investigating Terraform Labs following the collapse of the Luna and UST coins.

Automated market makers like Uniswap are a great innovation, but they have plenty of issues that need to be solved, from slippage to MEV and oracle pricing errors — and many fail to capture the value for tokenholders.

Terra is seeing immense turmoil as more investigations into Terraform Labs open up. The news is pushing investors to short the LUNA crypto.

After the collapse of the Terra (LUNA) ecosystem and accusations of fraud, Terraform Labs is in the spotlight this time for money laundering.

Mistake in the pricing for Terra Classic validators allowed an exploiter to siphon off four synthetic asset pools from the DeFi platform Mirror Protocol.

Terra Classic validators broadcast the wrong pricing data to the price oracle which has led to an ongoing loss of millions of dollars from Mirror Protocol. The price appears to have returned to normal in the past hour.

An analyst revealed that the developers of the DeFi app who were "MIA" had reportedly averted a major crisis, but $2 million were drained nonetheless.

Billy Markus was less than kind about LUNA 2.0 and those who buy into the relaunch, calling them "truly dumb"