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Terra halts network; Do Kwon security concerns

Terra shuts down its networks indefinitely. Meanwhile, TerraLabs founder Do Kwon’s whereabouts are in question as his wife requests police protection.

Welcome to The Daily Forkast – May 13th, 2022, presented by Megha Chaddah.

Coming up on today’s show:

Terra shuts down indefinitely with LUNA and UST left on life support. 

Meanwhile, the wife of Terraform Labs Founder Do Kwon requests police protection. 

And finally, stablecoin Tether stabilizes after burning 3 billion tokens amid redemptions.

We’ll have more on those stories — and other news shaping the cryptocurrency and blockchain world — in this episode of The Daily Forkast TMay 13th.