Do Kwon released, spot Bitcoin ETFs hit record outflows, Ethereum regulatory issues | Weekly Recap

Last week, Terraform Labs founder Do Kwon grabbed headlines while spot Bitcoin ETFs witnessed a bearish turn. Also, regulators reportedly look at Ethereum.

94 +

First Mover Asia: Bitcoin Maintains $30K as ‘the Economy Isn’t Breaking Just Yet’

ALSO: Singapore ranked second in CoinDesk's Crypto Hubs survey. The city state raised billions through IPOs, weathered the collapse of homegrown darlings Terraform Labs and Three Arrows Capital and is now searching for the right regulatory balance to encourage crypto without getting burned again.

176 +

Swiss authorities freeze Do Kwon and Terraform Labs’ crypto assets

Swiss authorities have taken action to freeze around $26 million worth of bitcoin (BTC) and other cryptocurrencies linked to Terraform Labs, its founder, Do Kwon, and other key individuals.

463 +

Switzerland seizes $26M tied to Do Kwon, Terra

Swiss authorities seized millions of dollars of crypto linked to Terraform Labs and its associates, Digital Asset said on June 24. The news outlet said that authorities froze $26 million of Bitcoin and other digital assets held at the Zurich-based Sygnum Bank.

228 +

Do Kwon withdrew $100M worth of BTC via Swiss bank, SEC says

Do Kwon reportedly held 10,000 BTC in a cold wallet. The now fugitive Terraform Labs founder reportedly cashed out a massive $100 million worth of Bitcoin through a bank in Switzerland. The SEC announced it had charged Do Kwon with defrauding investors.

263 +

Terraform Labs, Do Kwon Transferred More Than 10K Bitcoin Out of Platform Accounts After Collapse: SEC

Around $100 million have since been withdrawn from the Swiss account, the securities regulator said in a court filing as it sued the company for misleading customers.

161 +

CryptoSlate Wrapped Daily: Terraform Labs calls Do Kwon arrest warrant ‘unfair’ after denial of cashing out BTC; MEV bot loses $1M in an hour

The biggest news in the cryptosphere for September 28 includes Charles Hoskinson’s expectations that VCs would invest in Cardano in two years, how an MEV bot gained and lost around $1 million, and Do Kwon and LFG’s denial of transferring $69 million worth of Bitcoin to crypto exchanges KuCoin and OKX.

317 +

Terra Co-founder Do Kwon Refutes Cashout Allegations

Terraform Labs co-founder and CEO Do Kwon has denied attempting to cash out millions of dollars in Bitcoin after a South Korean court issued an arrest warrant for him. Do Kwon Denies Bitcoin Cashout Allegations Do Kwon has denied any…

275 +

S. Korean Authorities Look to Freeze $67M Bitcoin Tied to Terra's Do Kwon

Interpol has issued a Red Notice for Kwon's provisional arrest pending extradition as a worldwide search for the Terraform Labs co-founder continues.

200 +

Terraform Labs Caused Collapse Of Its Stablecoin UST? This Report Says So

The company behind the failed Terra (LUNA) ecosystem, now dubbed Terra Classic (LUNC), Terraform Labs (TFL) could be behind the collapse of its native algorithmic stablecoin UST. Per a report from CoinDesk Korea, investigators linked the company to the attack that led to UST losing its peg to the U.

398 +

South Korea Investigates Terra Labs for Alleged Bitcoin Embezzlement Following UST Collapse: Report

South Korean authorities are investigating Terraform Labs following the implosion of algorithmic stablecoin UST last month.

265 +

Terraform Labs Probed for Alleged Bitcoin Embezzlement Following UST Collapse: Report

South Korean authorities are investigating Terraform Labs following the implosion of algorithmic stablecoin UST last month.

155 +

Terraform Labs Employee In Hot Water For Stealing Company’s Bitcoin

Seoul Metropolitan Police Agency launched an investigation against an employee from Terraform Labs, who is allegedly involved in the embezzlement of corporate funds in Bitcoin from the company in May.

233 +

Terra: South Korean Police Investigate Employee Who Allegedly Stole Bitcoin

Seoul Metropolitan Police Agency is reportedly launching inquiry against Terraform labs employee

441 +

First Mover Asia: Singapore’s Regulators Will Be Eyeing Local Crypto Companies After Terra Collapse; Bitcoin Rebounds

Terraform Labs, the Singapore-registered company behind the Terra protocol, doesn’t have a permanent office in the city-state; most major cryptos spend Sunday in the green.

195 +

Terra’s Do Kwon Buys $230 Million of Bitcoin

Do Kwon targets $10 billion BTC to back TerraUSD (UST). Terraform Labs founder and…

The post Terra’s Do Kwon Buys $230 Million of Bitcoin appeared first on Coin Journal.

268 +

Terraform Labs buys an additional 2,943 BTC for $139M

Terraform Labs has doubled down on its Bitcoin (BTC) strategy after purchasing an additional 2,9430002511 BTC for $139 million. The post Terraform Labs buys an additional 2,943 BTC for $139M appeared first on CryptoSlate.

202 +

Brave New World - Science fiction and the future of crypto, bitcoin, and blockchain

A crypto entrepreneur and blockchain evangelist, Fran Strajnar is the founder and CEO of Brave New Coin. Fran says his mission in life is to “terraform the digital asset landscape.” Brave New Coin’s latest product is BNC Pro - a ground-breaking all-in-one crypto portfolio management platform.

265 +