The fallout from FTX’s insolvency has already shaken the crypto industry to its core. After several days of speculation about the state of FTX’s balance sheet, the exchange yielded and admitted defeat, announcing that it was in process of being acquired by Binance. The tension that arose from speculation strained the market, which took a…
Embattled Terra founder Do Kwon said he would throw a meetup/conference to end all the talks of him being in hiding soon, according to a November 3 tweet. Alright ill throw a meetup/conference soon to get over this in hiding bs Cops from world over welcome to attend — Do Kwon 🌕 (@stablekwon) November 3,…
De-pegged Terra Classic stablecoin, Terra UST (USTC), rose by over 30% after the emergence of a proposal by Terra classic core developer Tobias Andersen to re-peg the token. The proposal Andersen explained how he plans to re-peg the stablecoin using Quantitative Tightening (QT). While he discussed the possibility of re-pegging through Quantitative Easing (QE), he…
Terra founder Do Kwon has described news of South Korean prosecutors freezing his $39.66 million crypto as a “falsehood.” I don’t get the motivation behind spreading this falsehood – muscle flexing? But to what end? Once again, I don’t even use Kucoin and OkEx, have no time to trade, no funds have been frozen. I…
Binance announced that it has burned 5.5 billion Luna Classic tokens following its implementation of the burn mechanism. #Binance completes the first $LUNC burn, burning all trading fees collected from LUNC spot and margin trading pairs. For more details about the first burn and all future burns, please check the announcement linked below for weekly…
Terraform Labs have described the South Korean prosecutor’s arrest warrant for its CEO Do Kwon as an overreach of their authorities, The Wall Street Journal reported Sept. 28 Citing a Terraform statement, WSJ wrote that a spokesman for the firm claimed that the failed Luna crypto asset was not a security, so South Korea’s capital-markets law…
Terra’s founder Do Kwon is making light of his situation as he claims that he is making “zero efforts to hide.” Yeah as i said im making zero effort to hide I go on walks and malls, no way none of CT hasnt run into me the past couple weeks — Do Kwon 🌕 (@stablekwon)…
South Korea has asked Interpol to issue a red alert notice for Terra’s founder Do Kwon, Financial Times reported on Sept 19. According to the report, the South Korean prosecutors have requested the cancellation of Kwon’s South Korean passport because he was “on the run” and uncooperative. The report stated that Kwon’s lawyer told prosecutors…
Terra’s LUNA declined 20% on the news that South Korea has issued an arrest warrant for its founder Do Kwon. #PeckShieldAlert $LUNA has dropped -20% https://t.co/rlzA0Miahb pic.twitter.com/z398HMOBgz — PeckShieldAlert (@PeckShieldAlert) September 14, 2022 The token, which has enjoyed a new wave of interest that pushed its price up by over 80% in the last seven…
Terra co-founder Do Kwon has hired a lawyer in preparation for his defense against South Korea’s legal actions, South Korea-based Naver reported Aug. 17. Kwon reportedly submitted an attorney’s appointment letter to the prosecutor’s office. The report did not reveal the lawyer’s name or the law firm. The Seoul Southern District Prosecutors’ Office has been investigating…