2022-5-20 18:42 |
Yield generation app Stablegains could be facing a class-action lawsuit after the company lost more than $44 million of customers funds by investing them in Terras failed UST stablecoin. Stablegains...
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On-chain data shows that a crypto wallet linked to the bankrupt Terraform Labs moved 1,075 BTC, valued at approximately $62. 81 million, to a new address (bc1q5) on Sept. 2. While the firm has yet to comment publicly on the transfer, market analysts note that it aligns with Terraform Labs’ plan to wind down operations following […] The post Terraform Labs moves $62.
Lawyers for Daniel Shin, co-founder of Terraform Labs, told a South Korean court that he did not contribute to Terra’s collapse in any way after being charged with fraud and embezzlement.
Coinspeaker Terra Founder Do Kwon Reportedly Arrested in Montenegro The news has already stirred the crypto ecosystem with many of the affected holders of LUNA yet to recover their losses.
Terra frontman Do Kwon was apprehended at Podgorica airport by Montenegrin police. He was previously believed to be hiding in Serbia. Six Months on the Run The law has finally...
USDC, the stablecoin tracing the USD, is under immense pressure as users rush to convert to other assets, including BUSD by Paxos and USDT by Tether Holdings. USDC Has De-pegged As USDC’s market cap rapidly shrinks, primarily because of mass exits, there has been a de-peg.
Nearly a year after the demise of Terra and it’s UST stablecoin, the SEC is in pursuit. It’s the latest in a suite of regulatory hammers that the Securities and Exchange Commission has been bringing to the pavement in crypto lately.
For allegedly breaking South Korean capital markets legislation, Kwon was the subject of an arrest order issued on September 14 by the Financial and Securities Criminal Unit of the Seoul Southern District Prosecutor's Office.