South Korean court freezes $92M in assets related to Terra tokens
The CEO of Terraform Labs’ affiliate firm Kernel Labs reportedly held the largest amount in illegal proceeds from Terra.
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Nifty News: Building bridges in the Metaverse, elaborate Apes scam and more
A South Korean province is using the Metaverse for closer economic ties with Vietnam and an elaborate phishing scam netted 14 Bored Apes.
Waves Break Silence Over DAXA Investigation, USDN Stablecoin Fails to Repeg
It has been a tough year for algorithmic stablecoins. Historically, these pegged tokens have failed to maintain a grip on $1, especially under extreme selling pressure. But the Terra collapse…
Web3 Blockchain Gaming Project Oasys Closes Strategic Funding Round With Participation of Galaxy Interactive and Nexon
Oasys, a Gamefi-oriented Web3 blockchain project, has announced it has closed a strategic funding round led by Galaxy Interactive, a VC firm, and Nexon, a gaming company. The round, whose…
Korean VC Firm Daesung Private Equity Announces $83 Million Metaverse Fund
Daesung Private Equity, a Korean venture capital firm, has announced the launch of a metaverse fund of 110 billion won ($83.5 million). The fund, which will have the participation of…
South Korean judge dismisses arrest warrants for Terra co-founder Do Kwon’s former associates
Judge Hong Jin-Pyo reportedly said there was little risk of Shin Hyun-seong or other Terra associates destroying evidence related to the case against the platform.
Hong Kong working on investor protection regulations, says central bank exec
Hong Kong central bank executive looked optimistic about the future of decentralized tech, while the Korean central bank governor has his doubts in the wake of the recent crypto contagion.
Korean Prosecutors Seek an Arrest Warrant for Terraform’s Daniel Shin (Report)
The Seoul Southern District Prosecutors Office reportedly sought arrest warrants for one of Terraform Labs’ Co-Founders – Shin Hyun-seung (Daniel Shin), claiming he gained illegal profits before the colossal crash…
South Korea issues arrest warrant for Do Kwon’s former colleagues
Arrest warrants were sought for Terraform Labs co-founder Daniel Shin, three investors and four engineers responsible for TerraUSD (UST) and LUNA initiatives.
Upbit Parent Firm Posts Over 70% Decline in Profits in Q3
According to the latest report, Dunamu’s sales declined by over 66% compared to the same period last year, in addition to its operating profit sliding by 76.6% and net profit…
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