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.
Market Cap (Mcap)
Rank
#622Mcap
$36.44MFully Diluted Mcap
$60.92MSupply
Circulating
709,984,439Total
N/ACreated On
N/AAll Time High (ATH)
ATH
$18.87ATH Change
-99.73%ATH Date
May 28th, 2022Total Value Locked (TVL)
TVL
N/AMCap to TVL Ratio
N/AFDV to TVL Ratio
N/ATerra Chart
Price
Volume
Market Cap
Other coins
Learn about Terra
Terra News
May 21, 2026
Law and Order
Terraform Accuses Jane Street of Using Insider Telegram Group Ahead of $40B UST-LUNA Collapse
Terraform Labs administrator Todd Snyder has alleged in an amended complaint filed Monday that Jane Street traders used a private chat to obtain insider information from Terraform employees, before dumping the firm’s entire $192 million TerraUSD position hours before the stablecoin’s collapse. Snyder, the court-appointed Terraform Labs plan administrator, accused quantitative trading firm Jane Street, co-founder Robert Granieri, and traders Bryce Pratt and Michael Huang of insider trading and sh...
Mar 6, 2026
Law and Order
CFO Gets Prison Time After Losing $35 Million of Company Money in Crypto Side Hustle
A Washington man has been sentenced to two years in prison after diverting $35 million in funds from his former employer to his own DeFi platform—and losing nearly all of it. Nevin Shetty, 42, was found guilty of wire fraud last November for taking and misusing funds from the private software company at which he worked. Shetty, who drafted a “conservative” company investment policy, secretly moved $35 million in company funds to his side business HighTower Treasury, after being told in April 20...
Dec 19, 2025
Business
Terraform Bankruptcy Admin Sues Jump Trading for $4B Over TerraUSD Collapse: Report
Todd Snyder, the court-appointed plan administrator overseeing the wind-down of Terraform Labs, has sued Jump Trading in U.S. federal court, accusing the trading firm of unlawfully profiting off of and materially contributing to the collapse of the Terra ecosystem. The complaint was filed Thursday in the Northern District of Illinois, and seeks $4 billion in damages from Jump Trading, its co-founder William DiSomma, and former Jump Crypto president Kanav Kariya. Snyder alleges that Jump entered...
Dec 15, 2025
Law and Order
Terra Founder Do Kwon May Face South Korean Trial Despite 15-Year US Prison Sentence
Do Kwon’s legal troubles may be far from over. South Korean prosecutors say disgraced crypto founder Do Kwon could still face a separate criminal trial at home, one that may carry decades more behind bars—even after receiving a 15-year prison sentence last week in the United States for his role in the $40 billion collapse of TerraUSD and LUNA in 2022. The South Korean national may apply to the International Prisoner Transfer Program after completing half of his U.S. sentence, with American pro...
Dec 12, 2025
Law and Order
These Bleak Victim Letters Helped Seal Terra Founder Do Kwon's Fate
There were potentially millions of victims of the $40 billion collapse of Terra's UST and LUNA, a U.S. judge said during Terraform Labs founder Do Kwon’s sentencing on Thursday. And 315 of those victims submitted letters that detailed suicide, bankruptcy, and health crises that all circle back to Do Kwon’s actions that led to the 2022 downfall of the prominent crypto ecosystem. U.S. District Judge Paul Engelmayer said he read all 315 letters, according to reporting from Inner City Press, even st...
Dec 12, 2025
Opinion
Morning Minute: Do Kwon Gets 15 Years for $40B Terra Luna Fraud
Morning Minute is a daily newsletter written by Tyler Warner. The analysis and opinions expressed are his own and do not necessarily reflect those of Decrypt. Subscribe to the Morning Minute on Substack. GM! Today’s top news: Crypto majors rebound after recent selloff; BTC back to $92k, SOL leads Solana announced the launch of Firedancer live on mainnet YouTube announced creator payments in stablecoins The DTCC has been cleared to offer tokenization services by the SEC Coinbase is reportedly la...
Dec 11, 2025
Law and Order
Disgraced Terraform Labs Founder Do Kwon Faces Sentencing Today
Disgraced Terraform Labs founder Do Kwon is set to be sentenced in a Manhattan court later today, December 11, by U.S. District Judge Paul Engelmayer. Do Kwon, 33, pleaded guilty to a basket of fraud charges in August, following an international run from the law, including conspiracy to commit commodities fraud, securities fraud, and wire fraud. The South Korean entrepreneur admits to defrauding investors by making false claims about his company’s blockchain products. How Terra's UST and LUNA Im...
Dec 5, 2025
Law and Order
Trump DOJ Wants Terra Founder Do Kwon Behind Bars for 12 Years, Citing SBF Sentence
The Department of Justice is asking a federal judge to sentence Do Kwon to 12 years in prison—the maximum sentence prosecutors reserved the right to pursue after the Terra founder pleaded guilty this summer. Though Kwon is technically eligible to serve 25 years in federal prison, the DOJ promised in August that it would only seek up to 12 years as part of a deal reached to encourage Kwon to forgo a jury trial and admit to two crimes: conspiracy to defraud, and wire fraud. Now, federal prosecuto...
Nov 14, 2025
Law and Order
CFO Convicted for Losing $35 Million of Company Money in Crypto Side Hustle
A Washington man was convicted in a federal jury trial this week for taking tens of millions of dollars from the company he worked for—and losing nearly all of it in a botched crypto play. Nevin Shetty, 41, was found guilty Thursday on four counts of wire fraud for taking and misusing some $35 million worth of funds from a private software company where he worked as CFO. Though Shetty himself drafted a conservative investment policy for the startup—which called for its money to be invested onl...
Sep 8, 2025
Law and Order
Do Kwon’s Claim for $15M Luxury Ardmore Penthouse Payment Rejected
The Singapore High Court has ruled that Terraform Labs founder Do Kwon will not be able to claim back a $15.1 million down payment on a luxury apartment, after he failed to complete the sale due to facing criminal charges. Before the public collapse of his crypto project, according to local media, Kwon and his wife had signed a 16-month lease in early 2022 for the four-bedroom penthouse of the luxury Sculptura Ardmore apartment complex. The pair paid $15.1 million (S$19.4 million), which account...
Aug 12, 2025
Law and Order
Do Kwon Pleads Guilty Over $40 Billion Terra Collapse
Alleged crypto crook Do Kwon—who was behind the failed crypto project Terra—has entered a guilty plea in the United States' case against him, according to New York courthouse reporting Tuesday. Kwon had previously pleaded not guilty to nine criminal charges in the U.S., including securities, wire, and commodities fraud, plus conspiracy to commit money laundering. But on Monday, a court document showed that a change of plea was expected as a conference was scheduled for Tuesday. Kwon ultimately p...
Mar 30, 2025
Coins
Terraform Labs Creditors Have a Month to Submit Claims for Losses
Terraform Labs has opened an online portal for investors to submit compensation claims for financial losses stemming from the May 2022 de-pegging of TerraUSD. Managed by administrators at New York-based Kroll, the portal will open on Monday, March 31 and close on April 30, giving loss-making investors a month to file claims. Applicants will have to submit evidence supporting their filings, including wallet addresses in which Terra-based cryptocurrencies were held, as well as transaction logs for...
Mar 28, 2025
Law and Order
Galaxy Digital Agrees to $200 Million Settlement Over LUNA 'Misrepresentations'
The New York Attorney General and Galaxy Digital have agreed to a settlement over the crypto firm’s handling of the collapsed Terra LUNA cryptocurrency, with the agreement requiring Galaxy to pay $200 million for alleged violations of the Martin Act and New York Executive Law. A 49-page filing from the Office of the Attorney General of New York (OAG) outlines the investigation and the Office’s conclusions, alleging that “Galaxy’s conduct, including its misrepresentations and omissions about LUN...
Jan 11, 2025
Law and Order
Do Kwon's Terra Trial Set for 2026—Here's What You Need to Know
The high-stakes trial of Terraform Labs co-founder Do Kwon is scheduled for January 26, 2026, in the U.S. District Court for the Southern District of New York. He'll spend the next year in federal jail, after his lawyers consented to his detention. The trial, expected to last four to eight weeks, will address criminal fraud charges tied to the catastrophic $40 billion collapse of the TerraUSD (UST) stablecoin and its sister token LUNA in 2022. This case is a culmination of international legal ba...
Jan 7, 2025
Law and Order
Terra Collapse May Have Impacted a Million Victims, Feds Allege in Do Kwon Case
The Terra ecosystem collapse in 2022 didn't make as many headlines as FTX, but the total number of victims could exceed 1 million, according to new court documents. The documents filed this week allege that the number of victims of disgraced crypto mogul, Terraform Labs founder Do Kwon, is “difficult to precisely quantify.” Kwon last week pleaded not guilty in a New York court to U.S. criminal charges including fraud over the collapse of the Terra crypto ecosystem. His crypto project went up in...
Jan 2, 2025
Law and Order
Do Kwon Pleads Not Guilty to US Charges Over Terra LUNA, UST Crash
Alleged crypto crook Do Kwon pleaded pleaded not guilty in a New York court Thursday to U.S. criminal charges over the 2022 collapse of the Terra crypto ecosystem, following his extradition earlier this week from Montenegro. Feds hit the 33-year-old disgraced tech entrepreneur with nine criminal counts, including securities fraud, wire fraud, commodities fraud, and conspiracy to commit money laundering. He agreed Thursday to be held without bail before U.S. Magistrate Judge Robert Lehrburger, In...
Dec 11, 2024
Markets
Disgraced Terra Founder Do Kwon Inspires Korean Indie Film ‘Crypto Man’
The $45 billion Terra crash of 2022, involving TerraUSD and LUNA, is set to be immortalized in a new South Korean independent movie. In “Crypto Man,” the late actor Song Jae-rim plays the protagonist and self-proclaimed business genius who develops an altcoin dubbed MOMMY. Jae-rim, a well-known actor in South Korea, was found dead in his hotel room in November 2024, in what police think was likely a suicide. According to the Korean newspaper JoongAng Daily, the new movie is loosely inspired by t...
Sep 20, 2024
Law and Order
Terraform Labs Could Pay Up to $442 Million as Bankruptcy Judge Approves Wind Down
Defunct stablecoin firm Terraform Labs has had its application for Chapter 11 bankruptcy approved by a Delaware court. Judge Brendan Shannon called the move a “welcome alternative” that avoids complex further litigation over the losses by Terraform’s investors, according to reporting by Reuters. The company was mainly known for its TerraUSD (UST) stablecoin and accompanying Luna (LUNA) token. Both assets collapsed in May 2022, wiping out $45 billion in market value overnight and causing bankrupt...
Sep 3, 2024
Law and Order
Terra-Linked Galois Capital Lost $40 Million on FTX—Now It Must Pay the SEC a Fine Too
Galois Capital, the crypto hedge fund that famously warned of the dangers around Terra's LUNA and UST ahead of their 2022 collapse, has been charged by the U.S. Securities and Exchange Commission for misleading investors and for not properly safeguarding customer funds. The firm, which shut down in early 2023 after being impacted by the downfall of crypto exchange FTX, has settled the charges and will pay the regulator a civil penalty of $225,000, which will be distributed to users. Galois lost...
Aug 13, 2024
Coins
Three Arrows Capital Liquidators File $1.3 Billion Claim Against Terraform Labs
Liquidators of Three Arrows Capital (3AC) are seeking $1.3 billion from TerraForm Labs Pte., the digital assets company co-founded by Do Kwon. The claim relates to losses 3AC experienced following the 2022 crash of the company's TerraUSD (UST) and Luna (LUNA) tokens. According to a document filed in the U.S Bankruptcy Court for the District of Delaware on Aug, 9, the liquidators allege TerraForm Labs "engaged in a scheme to manipulate the open market for LUNA and UST in a manner that artificiall...