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Terra co-founder Do Kwon hiding out in Serbia, says authorities

South Korean authorities have requested cooperation from the Serbian government in order to bring Kwon back to face charges in South Korea.

Continue ReadingTerra co-founder Do Kwon hiding out in Serbia, says authorities

FTX’s Bankman-Fried to face market manipulation probe, Do Kwon chimes in

As part of a broader inquiry into FTX's collapse, federal prosecutors are looking at the role that FTX and Alameda may have played in the fall of Terra LUNA.

Continue ReadingFTX’s Bankman-Fried to face market manipulation probe, Do Kwon chimes in

Terra Supporters Hope to ‘Defy the Odds’ by Pumping the Now-Defunct Stablecoin USTC Back to $1 Parity

It’s been six months since Terra’s algorithmic stablecoin UST (now USTC) depegged from the U.S. dollar and the price has remained depegged from the greenback since May 9, 2022. Currently,…

Continue ReadingTerra Supporters Hope to ‘Defy the Odds’ by Pumping the Now-Defunct Stablecoin USTC Back to $1 Parity

Celsius had ‘insufficient’ accounting and operational controls, says examiner

The examiner revealed that Celsius’ digital assets in its customer’s Custody wallets account officially became underfunded on Jun. 11.

Continue ReadingCelsius had ‘insufficient’ accounting and operational controls, says examiner

While Its Lost 94% in Value Since the Collapse, Terra’s Fractured Ecosystem Is Still Worth $2.5 Billion

It’s been five months since the Terra ecosystem collapsed as tens of billions of dollars in value disappeared from the crypto economy in a matter of days after May 7.…

Continue ReadingWhile Its Lost 94% in Value Since the Collapse, Terra’s Fractured Ecosystem Is Still Worth $2.5 Billion