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Tag: Kwon

It’s time for crypto fans to stop supporting cults of personality

Many of the centralized cryptocurrency platforms that collapsed this year had something in common: a young, outspoken and cocky leader. Each gained outsized influence...

South Korea To Change Its Legal Framework To Better Control Crypto Projects

On the heels of the Terra LUNA meltdown and the bankruptcy of FTX, authorities from South Korea are proposing new amendments to the...

$104M Seized From Terra Co-Founder and El Salvador Still Stands with Bitcoin – News Roundup

This past week saw Tether chain-swap $1 billion USDT, South Korea seized $104 million USD from TerraForm co-founder, and Cardano announced planned launch of...

Do Kwon Offers Cosmos Chains Free Terra Station Integration

Terra co-founder Do Kwon made an appearance on Twitter to invite Cosmos developers to integrate with Terra Station.“Cosmos chain core teams interested in Station...

$104,000,000 Seized From Terra (LUNA) Co-Founder by South Korean Authorities: Report

South Korean authorities have reportedly seized over $100 million from Shin Hyun-seong, the co-founder of collapsed stablecoin issuer Terra (LUNA). According to a new report...

Bitcoin Enters the Second Year of Bear

Bitcoin peaked on November 14th 2021, making it more than a year ago since the bear market began. The bull was defined by the rise...

The FTX Saga: From Hero to Zero

The crypto space is under siege shortly after Three Arrows Capital, as well as the LUNA and TerraUSD collapse. FTX is the...

South Korea Confiscates Over $100 Million from Terra’s Co-founder: Report

South Korean prosecutors have seized more than $100 million worth of assets belonging to Shin Hyun-Seong (Daniel Shin), the co-founder of Terraform Labs,...

South Korea seizes $104M from Terra’s co-founder on unjust earnings.

South Korean authorities are continuing their efforts to bring closure to the victims of the year's first crypto crash, which involved Terraform Labs. While...

Audit Shows Terra Groups Spent $3.4B to Defend Dollar Peg in UST

Terraform Labs Commissioned Study to Quantify Support for Stablecoin During May Crisis In a bid to quell speculation about how Terra defended its stablecoin UST...

Weekly Recap: FTX Files for Bankruptcy, Triggering Contagion Across the Lending Industry

Alameda CEO Confesses to Using Customer Funds While SBF May Have Used a ‘Backdoor’ The New York Times reported that Caroline Ellison, the CEO...

Terra’s $2.8B Defense System — Luna Foundation Guard Audit Says Group Spent More Than 80,000 Bitcoin Defending UST Peg – Bitcoin News

Months after the collapse of Terra’s U.S. dollar-pegged token UST, the group created to guard the once-stable coin, the Luna Foundation Guard (LFG), printed...

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