Audit log

Every state-changing event for Terra 2.0: moderation decisions on community submissions, plus corrections and updates from the news pipeline. URL-based decisions carry three independent witnesses — the original source, an Internet Archive snapshot taken at submission time, and a Solana memo signed by our publicly-disclosed publisher key.

1. #1publishby system:backfill

   2026-05-28 03:34:36Z
   Score: ? → ? (no score change)
   anchoranchored

   chain

   ●mainnet-betaslot 422,639,347

   sig

   5M9VRcgy8d1o…q77TMoaKcopyexplorer ↗

   hash

   5WNEScwGSLAp…5UjKQZoDcopysha256 → base58

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   canonical bytes (9041 B) ▸

   {"actor":"system:backfill","investigation_id":"c63276f5-7405-40aa-b76a-a6ba2204fae5","kind":"publish","page_slug":"terra-20","published_at":"2026-05-28T03:34:36.251Z","sequence_num":1,"snapshot":{"content_type":"investigation","entity_name":"Terra 2.0","sections":[{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://en.wikipedia.org/wiki/Terra_(blockchain)","type":"other","url":""},{"credibility":3,"name":"https://corpgov.law.harvard.edu/2023/05/22/anatomy-of-a-run-the-terra-luna-crash/","type":"other","url":""},{"credibility":3,"name":"https://www.okx.com/en-us/learn/terra-collapse-ust-luna-stablecoin","type":"other","url":""},{"credibility":3,"name":"https://coincodex.com/article/22749/what-happened-to-luna/","type":"other","url":""}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://www.fastcompany.com/90756342/terra-luna-relaunch-crypto-blockchain-explained","type":"other","url":""},{"credibility":3,"name":"https://capital.com/en-int/analysis/terra-luna-2-0","type":"other","url":""},{"credibility":3,"name":"https://cryptonews.net/news/altcoins/7610723/","type":"other","url":""},{"credibility":3,"name":"https://stakely.io/blog/terra-2-what-you-need-to-know-about-the-terra-revival-plan","type":"other","url":""}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://www.sec.gov/newsroom/press-releases/2023-32","type":"other","url":""},{"credibility":3,"name":"https://www.sec.gov/newsroom/press-releases/2024-73","type":"other","url":""},{"credibility":3,"name":"https://www.bloomberg.com/news/articles/2024-04-05/do-kwon-and-terraform-labs-found-liable-for-fraud-in-sec-trial","type":"other","url":""},{"credibility":3,"name":"https://www.cnbc.com/2023/02/16/sec-charges-do-kwon-with-fraud-in-connection-with-terra-collapse.html","type":"other","url":""}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://www.justice.gov/usao-sdny/pr/do-kwon-pleads-guilty-fraud","type":"other","url":""},{"credibility":3,"name":"https://www.justice.gov/usao-sdny/pr/do-kwon-extradited-united-states-montenegro-face-charges-relating-fraud-resulting-40","type":"other","url":""},{"credibility":3,"name":"https://www.justice.gov/usao-sdny/pr/crypto-enabled-fraudster-sentenced-orchestrating-40-billion-fraud","type":"other","url":""},{"credibility":3,"name":"https://thedefiant.io/news/people/terra-founder-do-kwon-sentenced-to-15-years-in-prison","type":"other","url":""},{"credibility":3,"name":"https://www.coindesk.com/policy/2025/08/12/terraform-s-do-kwon-pleads-guilty-to-conspiracy-wire-fraud-in-ust-blow-up","type":"other","url":""},{"credibility":3,"name":"https://www.cnbc.com/2025/08/12/do-kwon-pleads-guilty-to-us-fraud-charges-in-40-billion-crypto-collapse.html","type":"other","url":""}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://techcrunch.com/2024/01/21/terraform-labs-files-for-chapter-11-bankruptcy/","type":"other","url":""},{"credibility":3,"name":"https://www.theblock.co/post/317414/terraform-labs-gets-sign-off-from-us-bankruptcy-judge-to-begin-winding-down-reuters","type":"other","url":""},{"credibility":3,"name":"https://www.sec.gov/enforcement-litigation/distributions-harmed-investors/sec-v-terraform-labs-pte-ltd-do-hyeong-kwon-no-23-cv-1346-jsr-sdny","type":"other","url":""}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://corpgov.law.harvard.edu/2023/05/22/anatomy-of-a-run-the-terra-luna-crash/","type":"other","url":""},{"credibility":3,"name":"https://www.theblock.co/post/230590/terra-death-spiral-turns-one-searching-for-silver-linings-among-the-wreckage","type":"other","url":""},{"credibility":3,"name":"https://f1coins.com/news/nansen-report-reveals-terra-caused-the-steth-depeg-and-crippled-celsius-3ac","type":"other","url":""}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://cryptopotato.com/scam-luna-2-0-tokens-are-already-running-wild/","type":"other","url":""},{"credibility":3,"name":"https://cryptoslate.com/scammers-looking-to-take-advantage-of-luna-2-0-airdrop/","type":"other","url":""},{"credibility":3,"name":"https://www.fxstreet.com/amp/cryptocurrencies/news/scam-alert-how-to-avoid-trouble-on-terras-luna-20-airdrop-202205271122","type":"other","url":""},{"credibility":3,"name":"https://www.businesstoday.in/crypto/story/luna20-scam-scammers-fake-luna20-airdrop-on-day-of-launch-335317-2022-05-27","type":"other","url":""}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://capital.com/en-int/analysis/terra-luna-2-0","type":"other","url":""},{"credibility":3,"name":"https://coinmarketcap.com/cmc-ai/terra-luna-v2/latest-updates/","type":"other","url":""},{"credibility":3,"name":"https://coinmarketcap.com/cmc-ai/terra-luna-v2/what-is/","type":"other","url":""}]}],"sources_used":[],"summary":"Terra 2.0 (LUNA) is a replacement blockchain launched in May 2022 by Terraform Labs following the catastrophic collapse of the original Terra network and its algorithmic stablecoin TerraUSD (UST), which erased approximately $40–60 billion in market value in one week. The project's founder, Do Kwon, was arrested in March 2023, found liable for securities fraud in a U.S. civil trial in April 2024, pleaded guilty to wire fraud and conspiracy in August 2025, and was sentenced to 15 years in federal prison in December 2025. Terraform Labs itself filed for Chapter 11 bankruptcy in January 2024 and received court approval to wind down operations by September 2024, leaving Terra 2.0 as a severely diminished chain with minimal developer activity and an approximately 79% year-over-year decline in token value.","timeline":[{"date":"2018-01-01","event":"Terraform Labs founded by Do Hyeong Kwon and Daniel Shin in Singapore.","source":""},{"date":"2022-05-07","event":"TerraUSD (UST) begins to depeg from $1.00 following a large sell-off in the Curve Finance liquidity pool.","source":""},{"date":"2022-05-09","event":"UST loses its dollar peg decisively. Luna Foundation Guard begins deploying Bitcoin reserves to defend the peg.","source":""},{"date":"2022-05-12","event":"LUNA supply hyperinflates from ~343 million to over 6.5 trillion tokens. Both UST and LUNA collapse to near zero. Terra blockchain is halted.","source":""},{"date":"2022-05-16","event":"Terra blockchain resumes but UST and LUNA remain effectively worthless. Estimated $40-60 billion in market value destroyed.","source":""},{"date":"2022-05-25","event":"Terra community approves Governance Proposal 1623, authorizing a new chain — Terra 2.0 — without an algorithmic stablecoin.","source":""},{"date":"2022-05-28","event":"Terra 2.0 blockchain launches. New LUNA tokens airdropped to pre-collapse and post-collapse holders. Original chain renamed Terra Classic (LUNC).","source":""},{"date":"2022-06-15","event":"Three Arrows Capital fails to meet margin calls, triggering a cascading series of crypto firm bankruptcies attributed in part to Terra contagion.","source":""},{"date":"2022-09-01","event":"Interpol issues Red Notice for Do Kwon after South Korean authorities issue an arrest warrant and revoke his passport.","source":""},{"date":"2023-02-16","event":"SEC files civil fraud complaint against Terraform Labs and Do Kwon in the Southern District of New York.","source":""},{"date":"2023-03-23","event":"Do Kwon arrested at Podgorica Airport, Montenegro, while attempting to board a flight to Dubai with falsified Costa Rican documents.","source":""},{"date":"2024-01-21","event":"Terraform Labs files for Chapter 11 bankruptcy in Delaware, listing assets and liabilities each in the $100M-$500M range.","source":""},{"date":"2024-04-05","event":"Jury unanimously finds Terraform Labs and Do Kwon liable for securities fraud in the SEC's civil trial in SDNY, after less than two hours of deliberation.","source":""},{"date":"2024-06-12","event":"Court orders Terraform Labs and Do Kwon to pay more than $4.5 billion — $3.59B in disgorgement, $467M in prejudgment interest, and $420M in civil penalties.","source":""},{"date":"2024-09-19","event":"U.S. Bankruptcy Court approves Terraform Labs' Chapter 11 wind-down plan, establishing a Wind Down Trust and Crypto Loss Claims process.","source":""},{"date":"2024-12-27","event":"Montenegro's Minister of Justice signs extradition order sending Do Kwon to the United States.","source":""},{"date":"2024-12-31","event":"Do Kwon arrives in U.S. custody and makes initial appearance in Manhattan federal court.","source":""},{"date":"2025-08-12","event":"Do Kwon pleads guilty in Manhattan federal court to conspiracy to commit fraud and wire fraud in connection with the $40 billion Terra collapse.","source":""},{"date":"2025-12-12","event":"U.S. District Judge Paul Engelmayer sentences Do Kwon to 15 years in federal prison, three years above the prosecutors' recommended sentence.","source":""}]},"v":1}

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2. #2reviewby reviewerreviewer

   2026-06-13 19:21:41Z
   Score: 12 → 12 (no score change)
   The Terra 2.0 investigation page is factually accurate across its major claims. All 16 confirmed claims — including Do Kwon's arrest, guilty plea, sentencing, the SEC civil verdict, Terraform's bankruptcy, and the $4.5B judgment — are well-supported by Tier 1 sources. Five claims are only partially supported due to minor inaccuracies: the sentencing date in the timeline is listed as December 12 when it occurred December 11; the LUNA supply peak is understated (6.5T vs. ~6.9T); the Interpol Red Notice date is listed as September 1 but occurred September 25-26; the 3AC margin call failure date is listed as June 15 but sources indicate June 16; and the 79% YOY token decline figure could not be independently verified at that exact magnitude. The most significant structural issue is that all eight page sections have empty content and heading fields, meaning the evidence review framework exists but the actual investigative writing has not been populated.
   anchoranchored

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   ●mainnet-betaslot 426,261,326

   sig

   4rYe2o7nLyJe…8p8do7zycopyexplorer ↗

   hash

   HATZTpE35ASk…Xkf2Lk2mcopysha256 → base58

   verifying row…full verify ↗

   canonical bytes (1306 B) ▸

   {"actor":"reviewer","decided_at":"2026-06-13T19:21:41.252Z","decision":"review","investigation_id":"c63276f5-7405-40aa-b76a-a6ba2204fae5","new_score":12,"page_slug":"terra-20","prev_score":12,"reason":"The Terra 2.0 investigation page is factually accurate across its major claims. All 16 confirmed claims — including Do Kwon's arrest, guilty plea, sentencing, the SEC civil verdict, Terraform's bankruptcy, and the $4.5B judgment — are well-supported by Tier 1 sources. Five claims are only partially supported due to minor inaccuracies: the sentencing date in the timeline is listed as December 12 when it occurred December 11; the LUNA supply peak is understated (6.5T vs. ~6.9T); the Interpol Red Notice date is listed as September 1 but occurred September 25-26; the 3AC margin call failure date is listed as June 15 but sources indicate June 16; and the 79% YOY token decline figure could not be independently verified at that exact magnitude. The most significant structural issue is that all eight page sections have empty content and heading fields, meaning the evidence review framework exists but the actual investigative writing has not been populated.","score_delta":0,"sequence_num":2,"submission_content_hash":null,"submission_id":null,"submission_kind":null,"submission_valence":null,"v":1}

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3. #3review approveby judgejudge

   2026-06-13 19:21:41Z
   Score: 12 → 7 (-5)
   All 22 claims were checked; 16 are fully confirmed by Tier 1 sources and 0 are disputed. The five partially-supported findings are minor in scope: four involve off-by-one-day date discrepancies (claim_findings[15], claim_findings[26]) or a small numerical understatement in peak LUNA supply (claim_findings[11]), with the most material error being the Interpol Red Notice date listed as September 1 rather than September 25-26, 2022 (claim_findings[16]). The 79% year-over-year token decline figure (claim_findings[8]) was not independently verified at that exact magnitude but is directionally accurate. A small score penalty of -5 is applied to reflect the partially-supported findings. Three high-priority coverage gaps are noted — particularly that all eight page sections carry empty content and heading fields — but per policy these indicate needed expansion rather than grounds for denial.
   anchoranchored

   chain

   ●mainnet-betaslot 426,261,329

   sig

   43vwL7JSyxrD…2cJX5ySTcopyexplorer ↗

   hash

   ArFnFrwNFqzK…Q4WqoTtmcopysha256 → base58

   verifying row…full verify ↗

   canonical bytes (1245 B) ▸

   {"actor":"judge","decided_at":"2026-06-13T19:21:41.252Z","decision":"review_approve","investigation_id":"c63276f5-7405-40aa-b76a-a6ba2204fae5","new_score":7,"page_slug":"terra-20","prev_score":12,"reason":"All 22 claims were checked; 16 are fully confirmed by Tier 1 sources and 0 are disputed. The five partially-supported findings are minor in scope: four involve off-by-one-day date discrepancies (claim_findings[15], claim_findings[26]) or a small numerical understatement in peak LUNA supply (claim_findings[11]), with the most material error being the Interpol Red Notice date listed as September 1 rather than September 25-26, 2022 (claim_findings[16]). The 79% year-over-year token decline figure (claim_findings[8]) was not independently verified at that exact magnitude but is directionally accurate. A small score penalty of -5 is applied to reflect the partially-supported findings. Three high-priority coverage gaps are noted — particularly that all eight page sections carry empty content and heading fields — but per policy these indicate needed expansion rather than grounds for denial.","score_delta":-5,"sequence_num":3,"submission_content_hash":null,"submission_id":null,"submission_kind":null,"submission_valence":null,"v":1}

   Verify offline (run on your own machine)

   python -m src.verify_decision 6df60fcc-b625-4057-9cb3-8b7d607d4ba9copy