Tag: UST
SEC Fines $5.2B in Penalties on Terraform Labs and Co-Founder Do Kwon
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The SEC is requesting the return of about $4.7B, along with $520 million in civil penalties.
The regulatory agency is considering imposing a “conduct-based...
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Ethena USDe Tops $2.3B Market Cap But Risks Identified
Ethena is a synthetic dollar protocol on Ethereum that issues the stablecoin USDe. The asset aims to be a censorship-resistant and scalable form of...
Fastest growing Cryptocurrencies in 2024
Explore these fastest growing cryptocurrencies in 2024 for crypto gains
In the ever-evolving landscape of cryptocurrencies, the year 2024 presents a dynamic tableau of innovation...
Do Kwon’s Fate Hangs in Limbo, Signs Point to US Extradition
Terraform Labs co-founder Do Kwon has faced a new legal setback after Montenegro’s Supreme Court once again approved the extradition.
With this decision, the previous...
Solana eclipse, another fee switch, and PTSD
Story OneSolana EclipseMillions gathered across the US, Mexico, and Canada to watch the Solar eclipse. Meanwhile, all the manlets transacting on Solana experienced their...
Google Plans to Charge Users for AI Search
Google plans to start charging for AI-powered search features, as part of proposals to monetize its AI tools, marking a major shift from the...
Arthur Hayes Offloads 237K GMX After 2 Years, Here’s His Profit: Data
Arthur Hayes, founder and former CEO of the crypto exchange BitMEX, has unstaked and offloaded more than 237,000 GMX, the native tokens of perpetual...
Do Kwon And Terraform Labs Found Liable For $40 Billion Fraud – The Defiant
The jury voted unanimously against Kwon. The United States Southern District of New York jury found Terraform Labs and its co-founder Do Kwon misled...
New York Jury Finds Do Kwon, Terraform Labs Liable for Fraud in SEC Case
Jurors agreed with the SEC that Kwon and, under his direction, Terraform Labs deceived everyday investors about the nature of the supposed algorithm that...
Jury Begins Deliberations in Civil Fraud Case Against Do Kwon, Terraform Labs
During her closing arguments on Friday, SEC attorney Laura Meehan told the jury that during a prior de-peg in May 2021, Kwon and Terraform...
Experts worry Ethena’s Bitcoin-backing strategy for USDe could bring ‘contagion risks’
CryptoQuant CEO Ki Young Ju has voiced concerns about Ethena’s recent decision to incorporate Bitcoin as a backing asset for its USDe synthetic dollar.On...
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