The blockchain industry is now working with a blank slate, and participants are aware that some of the most popular business models do not work.
Daniel Shin allegedly ignored warnings from the Financial Supervisory Service and continued telling investors that Terra's stablecoin would debut on e-commerce platforms.
Financial losses relating to digital assets reported to Action Fraud between October 2021 and September 2022 jumped to £226 million ($273 million)—well more than those reported for general fraud.
The Financial Services Commission supports a new bill that will require exchanges to compensate users if they halt withdrawals as they’ve been doing amid the FTX collapse.
Terra co-founder Shin Hyun-seung denies allegations that he violated the South Korean capital markets law, which led to the freezing of over $100 million worth of funds.
Prosecutors stormed Chai Corporation, the payments technology company founded by Daniel Shin, on the allegations that it misused its customers' personal information without their consent.
Investigators say Daniel Shin breaches South Korean capital market law over allegedly holding a stash of LUNA without disclosing it to investors.
Should SBF go down in flames because CZ caused a run on FTX’s underfunded bank, we should expect SBF to share secrets learned while he and CZ are at war.
The prosecutors say that the evidence was gleaned from a “messenger conversation” between Do Kwon and an ex-employee of Terraform Labs.
The claimants seek $57 million as damages for losses suffered during the de-pegging of TerraUSD (UST) from the U.S. dollar.
Investors who got rekt after investing in LUNA/UST are now taking it upon themselves to pursue Kwon, who says charges against him are politically motivated.