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FTX CEO Sam Bankman-Fried Warns More Crypto Company Insolvencies Are Coming

In a recent interview, Sam Bankman-Fried, the founder of the popular exchange FTX, warned that some crypto exchanges are “secretly insolvent” and may soon fail. Bankman-Fried’s FTX and Alameda Research…

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South Korean Authorities Impose Departure Ban on One of Terra’s Main Designers: Report

Without divulging any names, a South Korean media agency reported that the Seoul Southern District Prosecutor’s Office’s Joint Financial and Securities Crime Investigation Team has banned a key Terra designer…

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South Korea Officials Investigating Tax Evasion Allegations Against Do Kwon: Report

In the latest example of global authorities going after Terraform Labs, the organization’s co-founder, Do Kwon, will reportedly be investigated for tax evasion in South Korea. According to local reports,…

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Following LUNA-UST Crash: South Korea’s Top Crypto Exchanges to Establish a Joint Consultative Body

The five leading cryptocurrency exchanges in South Korea – Upbit, Bithumb, Coinone, Korbit, and Gopax – will reportedly set up a joint consultative body that will oversee the local digital…

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Inside Job? Wallet That Caused the UST Attack Suspected to Belong to Terraform Labs (Report)

Terraform Labs grabbed the attention of the entire crypto community last month when its two native digital assets deteriorated in days, leaving only a failed restarted project. However, a recent…

Continue ReadingInside Job? Wallet That Caused the UST Attack Suspected to Belong to Terraform Labs (Report)