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Difference between revisions of "LUNA Collapse in May 2022"
→Aftermath: updates for terraform legal team quitting, south korean lawmakers wanting do kwon, and unofficial preliminary vote on the eco proposal
(→Aftermath: updates for terraform legal team quitting, south korean lawmakers wanting do kwon, and unofficial preliminary vote on the eco proposal) |
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* 10% - Luna holders (staking derivatives included) at the “Launch” snapshot - 10% unlocked at genesis, 90% vested over 2 years thereafter | * 10% - Luna holders (staking derivatives included) at the “Launch” snapshot - 10% unlocked at genesis, 90% vested over 2 years thereafter | ||
* 25% - UST holders at the “Launch” snapshot - 10% unlocked at genesis, rest vested over 2 years thereafter | * 25% - UST holders at the “Launch” snapshot - 10% unlocked at genesis, rest vested over 2 years thereafter | ||
</blockquote> | </blockquote>If passed, the network has a planned launch for May 27th.<ref name=":1" /> On an unofficial preliminary vote to gauge consensus, the results are so far heavily favoring no.<ref>https://agora.terra.money/t/revival-plan-v2-preliminary-vote/20425</ref> | ||
== Chainlink Oracle failure == | == Chainlink Oracle failure == | ||
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After patching the code and disabling validators, Terra blockchain resumed block production.<ref>https://twitter.com/terra_money/status/1524812171179327488</ref> | After patching the code and disabling validators, Terra blockchain resumed block production.<ref>https://twitter.com/terra_money/status/1524812171179327488</ref> | ||
An investor who lost over $2m visited Do Kwon’s house and left after questioning Do’s wife for his whereabouts.<ref>https://watcher.guru/news/suspect-who-invaded-terra-founder-do-kwons-home-reveals-his-motive?c=410</ref> | An investor who lost over $2m visited Do Kwon’s house and left after questioning Do’s wife for his whereabouts.<ref>https://watcher.guru/news/suspect-who-invaded-terra-founder-do-kwons-home-reveals-his-motive?c=410</ref> | ||
South Korea's ruling party called for Do Kwon to attend questioning at a parliamentary hearing regarding the collapse.<ref>https://watcher.guru/news/heres-how-much-trouble-terra-do-kwon-is-in-following-usts-demise</ref> | |||
Terraform Labs legal team resigned and the company is using outside counsel.<ref>https://www.theblockcrypto.com/post/147390/terraform-labs-legal-team-resigns-after-ust-collapse</ref> | |||
== Investors and Promotors == | == Investors and Promotors == | ||