Cryptory.net - A court in South Korea issued an arrest warrant for Do Kwon, CEO of Terraform Labs, the company behind the Terra USD (UST) and Terra (LUNA) cryptocurrencies.
Terra, Three Arrows Capital, and consecutive collapses of crypto institutions have dyed the market red throughout Q2. Although gradually rebounded in July, overall, the crypto space could not fully recover soon.
Cryptory.net - As revealed by an Anchor dev, Terra arbitrarily changed the UST interest rate from 3.6% to 20% right before launch to attract investors.