Record sog_issuer_terraform_labs

Terraform Labs

Terraform Labs developed the Terra ecosystem and the UST stablecoin that collapsed in May 2022.

Category
Company or corporate group
Regulatory character
Not recorded in canonical data
Jurisdiction
Unknown or not publicly resolved
Scope: Unknown or not publicly resolved
Connected assets
1
Relationships
0 current
1 historical

Reviewed identity

Organization summary

The primary category, regulatory character, jurisdiction, asset count, relationship count, and Evidence count are already shown above.

Terraform Labs developed the Terra ecosystem and the UST stablecoin that collapsed in May 2022.

Legal form
Not recorded in canonical data
Functional roles
Protocol operator
Official website
https://www.terra.money/
Record confidence
Medium
Last reviewed
2026-06-01

Connected assets

Relationships

Current, ended, and unknown relationships remain separate. Primary display is navigation only.
StablecoinRolePeriodStateLifecycle
TerraUSDPrimary displayProtocol operator2020-09-012022-05-12Ended relationship

TerraUSD

Primary

Protocol operator

2020-09-01 – 2022-05-12

Material history

Events

The five latest typed events are shown first. Control actions remain linked to evidence.
DateEventTypeEffect
2023-02-16SEC charges Terraform Labs and Do KwonRegulatory ActionRegulatory actionCollapsed or failed
2022-05-12Terra blockchain halted during the UST collapseChain Halt ContextSecurity and chain incidentCollapsed or failed
2022-05-09TerraUSD collapseCollapseFailure and collapseCollapsed or failed
2022-05-09Luna Foundation Guard deploys reserves during the UST collapseReserve Intervention ContextReserve changeCollapsed or failed

Provenance

Evidence

The first ten source records are shown initially. Source identity, publication date, reliability, and archive state remain separate.
4 source identities · 7 evidence relations
SourcePublisherSource categoryProvenancePrimary or secondarySupported claimsArchiveReliability
Terra documentation and ecosystem reference
Published Not yet recorded
TerraData or market reference
Canonical: Database Reference
Data or market aggregatorSecondary sourceEntityNo archive recordedMedium
SEC charges Terraform Labs and Do Kwon with fraud
Published 2023-02-16
U.S. SECRegulatory or court record
Canonical: Regulatory Source
Government, regulator, or legal sourcePrimary sourceRegulatory Context, Post Collapse Regulatory ContextDirect archived snapshotHigh
Anatomy of a Stablecoin's failure: the Terra-Luna case
Published 2022-07-28
arXivResearch or security report
Canonical: Research Paper
Independent third-party sourceSecondary sourceCollapse AnalysisNo archive recordedMedium
Emergency Management and Recovery of Luna Classic
Published 2022-07-04
arXivResearch or security report
Canonical: Research Paper
Independent third-party sourceSecondary sourcePost Collapse LifecycleNo archive recordedMedium
Medium
Publisher
Terra
Published
Not yet recorded
Provenance
Data or market aggregator
Primary or secondary
Secondary source
Supported claims
Entity
Archive
No archive recorded
Reliability
Medium
Medium
Publisher
arXiv
Published
2022-07-28
Provenance
Independent third-party source
Primary or secondary
Secondary source
Supported claims
Collapse Analysis
Archive
No archive recorded
Reliability
Medium
Medium
Publisher
arXiv
Published
2022-07-04
Provenance
Independent third-party source
Primary or secondary
Secondary source
Supported claims
Post Collapse Lifecycle
Archive
No archive recorded
Reliability
Medium
UncertaintyKnown unknowns3

Collapse Timeline

UST collapse timeline, exact sequence of liquidity, exchange, chain-halt, relaunch, and market-price events still needs source-specific sequencing before detailed timeline display.

High · last checked 2026-06-04

PR-024C strengthened failure framing and source separation, but canonical timeline and price source are not yet selected.

Reserve Intervention

Luna Foundation Guard reserve deployment, BTC reserve flow, and post-collapse audit details need exact direct-source handling before reserve intervention claims are displayed as final facts.

High · last checked 2026-06-04

PR-024C added a low-confidence reserve-intervention context entry. Keep this separate from UST's algorithmic design and failed status until a direct audit or official source is selected.

Post Collapse Lifecycle

USTC / TerraClassicUSD post-collapse trading, community activity, chain state, and lifecycle status need to remain separated from the failed UST stablecoin status.

Medium · last checked 2026-06-04

PR-024C explicitly keeps post-collapse USTC market trading separate from recovered peg or restored stablecoin status.

Maintenance

Corrections and further reading

Report a record problem or inspect methodology and machine-readable data.