Hints and tips:
...In the second quarter of last year, Galaxy recorded a $555mn loss after the firm was hit by the collapse of failed stablecoin terra and its sister crypto token luna....
...s=20&t=EM3RsHVfsrJHJxE6QLPTug Terra/Luna 8 May 2022:https://twitter.com/stablekwon/status/1523176135772700674?...
...The deleveraging phase that followed the Terra collapse had induced a 50% decline in crypto market cap from around $1.7tr at the beginning of May to a low of $0.86tr by mid-June....
...There were significant FTT outflows from Alameda to FTX around the Terra-Luna/ 3AC situation....
...FTX rescued BlockFi during the first wave of crypto distress in the spring when the terra-luna stablecoin collapsed....
...Do Kwon, the founder of the collapsed Terra/Luna “algorithmic stablecoin” project that at one point was worth more than $41bn, and who now faces legal action in several countries, had previously been the...
...Even despite the failure of the terra and luna tokens in early May 2022, crypto executives at the event later that month were ebullient, with many seeking to find buyers for their coins....
...US regulatory initiatives attracted more interest following Terra’s collapse as there was perceived need for increased oversight and consumer protections....
...At various points over 2022 — particularly since the collapse of the terra/luna ecosystem in May, and then the FTX exchange in November — people have suggested I take some sort of virtual victory lap for...
...Bankman-Fried said the crash in token prices and the “drying up” of credit in digital asset markets after the collapse of stablecoin Terra this spring eroded Alameda’s collateral from roughly $60bn to $25bn...
...The spectacular implosion of Sam Bankman-Fried’s crypto empire has rocked the digital asset world, already reeling after a summer of uncertainty driven by the collapse of the linked Terra and Luna tokens...
...The good news, though, is that the broader economy hasn’t suffered as a result of its failure (the economic fallout from crypto flops such as Terra/Luna and Celsius this year was similarly limited)....
...R3 managing director Charley Cooper said: “Until yesterday, FTX was still revered as a saviour to many parts of the ecosystem in the wake of the terra/luna collapse but, by Tuesday afternoon, they were swallowed...
...ecosystem . . . it looks likely that a new cascade of margin calls, deleveraging and crypto company [and] platform failures is starting similar to what we saw last May [and] June following the collapse of Terra...
...The crypto industry has struggled over the past year, particularly since the failure of the terra and luna tokens in May....
...Dietderich, is a restructuring attorney who most recently assisted FTX win a bankruptcy auction for the assets of Voyager Digital, another crypto exchange that went bust this year after the collapse of the terra...
...$1.1bn in total loan obligations it was owed, including $654mn from the hedge fund Three Arrows, which itself had gone bankrupt from crypto bets gone bad, including those related to the collapse of the terra...
...UK tackles stablecoin instabilityThe UK Treasury is proposing an insolvency regime to manage the failure of major crypto stablecoins, after the collapse of terra earlier this month sent shockwaves through...
...Major exchanges, including Coinbase, Binance, OKX and Crypto.com, which previously let their customers buy Terra or linked tokens, halted trading during the crisis....
...Stablecoins are under attack, with Terra imploding. This has sent ripples throughout the crypto industry.”...
...Terra Firma paid £825m for the company in a debt-fuelled deal in 2012....
...Terra Firma also discussed buying just the Spaces brand from the London-listed group, according to one of the people....
...Terra Firma has been involved in controversial buyouts....
...The H/2 deal does not include 24 more profitable care homes, which are being sold separately by Terra Firma for about £200m following an acrimonious legal dispute between the financiers....
...Four Seasons, which runs 320 homes housing 16,000 residents, has been fighting for survival since 2017 after its owner — Guy Hands’ private equity firm Terra Firma — defaulted on an interest payment....
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