Terra Price

Coin Prices

CHR

$0.314489

-0.08%

Price data by

DecryptCoinsTerra

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Terra

luna

$0.615

-2.2%

Osmosis Ecosystem

Cosmos Ecosystem

Alleged SEC Securities

24-Hour Range

$0.593

$0.629

Low

High

Market Cap (Mcap)

Rank

#189

Mcap

$423.14M

Fully Diluted Mcap

$663.65M

Supply

Circulating

687,660,230

Total

N/A

Created On

N/A

All Time High (ATH)

ATH

$18.87

ATH Change

-96.74%

ATH Date

May 28th, 2022

Total Value Locked (TVL)

TVL

N/A

MCap to TVL Ratio

N/A

FDV to TVL Ratio

N/A

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Learn about Terra

What Is Terra? The Chaotic Algorithmic Stablecoin Protocol Explained

Terra is a Cosmos-based protocol that powers a suite of algorithmic stablecoins, which aim to maintain their pegs using a coin called LUNA.

Terra News

Apr 24, 2024

Law and Order

Terra Founder Do Kwon Files Extradition Appeal, Calls Out 'Bizarre' Legal Readings From Court

The legal brawl in Montenegro over Terraform Labs co-founder Do Kwon isn’t over just yet. Lawyers filed an appeal Tuesday on behalf of Kwon, pushing back against a decision from the High Court of Podgorica. The decision found that conditions had been met earlier this month for Kwon’s extradition—to either the U.S. or South Korea—on charges related to Terra’s collapse. In the appeal, Kwon’s lawyers asserted that laws on legal assistance from other countries in Montenegro had been “interpreted in...

by André Beganski · 3 min read

Mar 8, 2024

Law and Order

US to Challenge Extradition of Terra Founder Do Kwon to South Korea

U.S. prosecutors plan to challenge a decision by Montenegro's High Court to extradite Terra founder Do Kwon to his native South Korea. "The United States continues to seek Kwon’s extradition in accordance with relevant international and bilateral agreements and Montenegrin law," the Justice Department said in a statement to news outlet Bloomberg. Earlier this week, the High Court of Montenegro ruled that Do Kwon could be extradited to South Korea upon completion of his jail sentence at Spuž pris...

by Stephen Graves · 2 min read

Mar 7, 2024

Law and Order

Terra Founder Do Kwon Cleared for Extradition to South Korea: Report

A judge has ruled that Terra founder Do Kwon can be extradited to his native South Korea upon serving his jail sentence at Spuž prison near Podgorica, according to local media. Montenegro's High Court announced the news to local publication Pobjeda, following the Court of Appeals' decision to reject a request to extradite him to the U.S. Since his arrest and sentencing in Montenegro on charges of using a forged passport, Do Kwon has been at the centre of a jurisdictional tug-of-war between the U...

by Stephen Graves · 2 min read

Mar 5, 2024

Law and Order

Terra Founder Do Kwon Escapes Extradition to United States—Again

Disgraced Terra founder Do Kwon won a key victory Tuesday when an appeals court—for the second time—overturned a lower ruling that would have seen him extradited to the United States to face a slew of criminal and civil charges. In December, a lower Montenegrin court first ruled that Kwon should be extradited to the United States, as opposed to his native South Korea, where he is also facing criminal charges for his role in the $60 billion collapse of cryptocurrencies UST and LUNA. After Kwon ap...

by Sander Lutz · 3 min read

Mar 5, 2024

Law and Order

Terraform Labs Hits Back at SEC 'Government Overreach' Over Special Counsel Payment

Terraform Labs has pushed back against the U.S. Securities and Exchange Commission's (SEC) objection to a $166 million retainer paid to law firm Dentons. In a court filing, the bankrupt crypto firm called the SEC's objection a "troubling example of government overreach," arguing that its motive for doing so was "to disadvantage and distract and adversary on the eve of trial." Terraform Labs argued that the court should overrule the SEC's objections, which it described as "replete with misapplica...

by Stephen Graves · 3 min read

Feb 29, 2024

Law and Order

SEC Hits Out at Terraform Labs Law Firm's 'Staggering' $166 Million Retainer

The U.S. Securities and Exchange Commission (SEC) has hit out at a "staggering" $166 million retainer payment from Terraform Labs to law firm Dentons. Claiming that Terraform Labs had "siphoned" the money into an "opaque slush fund for its lawyers," the SEC argued that the bankrupt crypto firm should not be allowed to hire Dentons, nor pay litigation costs for employees during its bankruptcy, according to Reuters. Terraform Labs Files for Chapter 11 Bankruptcy in Delaware The regulator noted tha...

by Stephen Graves · 2 min read

Jan 22, 2024

Business

Terraform Labs Files for Chapter 11 Bankruptcy in Delaware

Terraform Labs, the company behind the LUNA and TerraUSD (UST) cryptocurrencies, has filed for voluntary Chapter 11 bankruptcy in Delaware. In its January 21 filing with the state's bankruptcy court, the company listed assets and liabilities of between $100 million and $500 million, with between 100 and 199 creditors. In a statement, the firm said that, "The filing will allow TFL to execute on its business plan while navigating ongoing legal proceedings, including representative litigation pendi...

by Stephen Graves · 2 min read

Jan 12, 2024

Law and Order

Terra Co-Founder Do Kwon Requests SEC Trial Delay So He Can Attend

Terra co-founder Do Kwon has asked that a U.S. court delay the Securities and Exchange Commission (SEC) trial against him, pending his extradition from Montenegro. In a filing first seen by Inner City Press, lawyers for Kwon said that with his extradition not likely to take place until February or March, an adjournment to mid-March "would provide a realistic possibility for Mr. Kwon to attend." Should the court decline to push back the date of the trial, Kwon's lawyers added, the Terra co-founde...

by Stephen Graves · 2 min read

Dec 19, 2023

Law and Order

Terra Founder Do Kwon Avoids Extradition to US—For Now

Alleged crypto crook Do Kwon may not be extradited to the United States—yet. A Tuesday notice by a Montenegro court ordered a review of the Terra founder’s extradition. The decision to delay the extradition comes after Do Kwon’s defense filed a complaint. Last month, a court approved the disgraced entrepreneur’s extradition. He will now wait in Montenegro until the court completes the review. The South Korean crypto mogul was arrested earlier this year for allegedly attempting to travel on a...

by Mat Di Salvo · 2 min read

Dec 7, 2023

Law and Order

Montenegro Set to Extradite Terra Co-Founder Do Kwon to US: Report

Montenegro will extradite Terra co-founder Do Kwon to the U.S., according to a report in the Wall Street Journal. Citing sources familiar with the matter, the WSJ reported that Montenegro's Justice Minister, Andrej Milovic, had privately said he plans to send Do Kwon to the U.S. rather than South Korea. The Terraform Labs co-founder faces charges in both countries and has been the subject of a jurisdictional battle between the two countries. Do Kwon's extradition was approved by a Montenegro cou...

by Stephen Graves · 2 min read

Nov 27, 2023

Markets

Terra Ecosystem's LUNA, LUNC Surge By Double-Digits

Terra ecosystem coins LUNA and Terra Luna Classic (LUNC) have surged by double-digits over the past day. Per data from CoinGecko, LUNA is up 19.1% on the day to trade at around $0.83 at time of publication, while LUNC is up by a massive 39.6% in the past 24 hours, currently trading at $0.00011267. The price rally comes on the heels of the injection of $15 million into the Terra DeFi ecosystem by Terraform Labs, a move that it claimed "solves the cold start problem for the Terra ecosystem." The l...

by Decrypt Staff · 2 min read

Nov 24, 2023

Law and Order

Terra Co-Founder Do Kwon's Extradition Approved by Montenegro Court

Terra founder Do Kwon's extradition has been approved by a court in Montenegro's capital Podgorica—though a final decision has yet to be made on whether he will be extradited to the U.S. or South Korea. According to an update posted on the Courts of Montenegro website, Kwon's extradition will proceed pending a final decision by the country's Minister of Justice, who will decide which country has priority. Prior to his extradition, Do Kwon will first serve his four-month sentence in Montenegro fo...

by Stephen Graves · 2 min read

Oct 13, 2023

The Projects

What Is Terra? The Chaotic Algorithmic Stablecoin Protocol Explained

Stablecoins are assets pegged to the price of a single asset, typically a fiat currency such as the dollar. The first generation of stablecoins, such as Tether, maintain their price using a basket of assets including fiat reserves. But some advocates of decentralization argue that a centralized entity maintaining a basket of real-world assets introduces a single point of failure into the system. That brings with it risks such as opacity over governance structures and whether the actual reserve...

by Robert Stevens, Liam J. Kelly · 6 min read

Oct 13, 2023

Business

Terra Says Citadel Securities Caused UST Stablecoin Depeg

Terraform Labs has accused U.S.-based American market-making firm Citadel Securities LLC of intentionally destabilizing its TerraUSD (UST) stablecoin in May 2022, alleging that the firm was the result of a "concerted, intentional effort" rather than an algorithmic failure. The UST stablecoin was designed to maintain its 1:1 peg to the U.S. dollar by ensuring that the supply and demand for it are always balanced via an arbitrage strategy. If it traded higher than $1, the protocol incentivized use...

by Andrew Asmakov · 3 min read

Jun 26, 2023

Business

Swiss Authorities Freeze $26M Worth of Do Kwon, Terraform Labs Crypto Assets: Report

Swiss authorities have reportedly frozen approximately $26 million in Bitcoin and other cryptos tied to Terraform Labs, its founder Kwon Do-hyeong, and other key figures within the company. These crypto assets were stored in the Swiss-based digital asset bank Sygnum, according to a report from South Korean news outlet Digital Asset on Saturday, citing unnamed authorities and investigators. Per Digital Asset, Swiss authorities followed requests from the U.S. federal prosecutors of New York and th...

by Mattis Meichler · 2 min read

Jun 19, 2023

Business

Terra Co-Founder Do Kwon Sentenced to Four Months in Prison for Forged Passports

Terraform Labs co-founder Do Kwon has been sentenced to four months in prison in Montenegro after denying today in court that he and business partner Chang-joon Han used forged passports, according to a statement on the Montenegro Basic Court website. In a statement to the Montenegrin Basic Court last Friday, Kwon said he was unaware of the alleged forgery of the Costa Rican passport he was carrying, according to a report from South Korean news outlet Segye Ilbo. "If I had suspected it was a fak...

by Andrew Asmakov · 3 min read

Jun 7, 2023

Business

Do Kwon Claims to Have Backed Political Party in Montenegro: Report

Outgoing Montenegro Prime Minister Dritan Abazovic has reportedly urged the Special State Prosecution to initiate an investigation into allegations of business connections between Do Kwon, the founder of the defunct cryptocurrency project Terra, and Milojko Spajic, the leader of the Europe Now political movement. According to a Balkan Insight report, the allegations of business relations between Do Kwon and Spajic stem from a letter the Terra co-founder sent to Abazovic, the outgoing Justice Min...

by Andrew Asmakov · 3 min read

Jun 5, 2023

Business

Do Kwon's Bail Approved After Property Verified to Be 'Worth Millions'

Do Kwon will be released from Montenegro detention after his bail request of approximately $427,900 (€400,000) was accepted. This comes after the court verified his property to be "worth millions." The Terraform Labs co-founder waits to face trial—alongside his former finance officer Han Chang-Joon—in Montenegro for falsifying official documents. Terraform Labs was the firm behind the collapsed stablecoin project Terra. This is the third change of ruling regarding Do Kwon's bail. Originally, the...

by Ryan S. Gladwin · 2 min read

May 16, 2023

Business

SEC Alleges Jump Trading Propped Up Terra Prior to Collapse

As early as February, an anonymous source had claimed that Jump Trading was the company targeted by the SEC for having artificially maintained parity for Terra's stablecoin with the dollar throughout 2021. Now, according to new court filings from the Securities and Exchange Commission (SEC), the high-frequency crypto trading firm Jump Trading propped up Do Kwon’s the failed TerraUSD (UST) a year before its collapse. Amongst the documents published by the SEC, there is a contract dated November 2...

by Mattis Meichler · 3 min read

May 12, 2023

Business

Terraform CEO Do Kwon to Be Released on Bail in Montenegro

Terraform Labs’ co-founder Do Kwon is set to be released from custody in Montenegro after the Basic Court in Podgorica agreed to a €400,000 ($436,000) bail, according to the official announcement. The court also agreed to release Terraform’s former chief financial officer Chang-joon Han on the same conditions. The two men will be placed under house arrest. The collapse of the Terra ecosystem in May 2022 was among the key factors that contributed to the crypto industry’s slide into a lengthy cryp...

by Andrew Asmakov · 3 min read