Singapore opens new investigation against Do Kwon’s Terraform Labs
Law enforcement authorities in Singapore are probing Terraform Labs for evidence of fraudulent activity or complicity in the de-pegging of its TerraUSD.
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South Korean authorities traveled to Serbia to arrest Terra’s Do Kwon
South Korean news outlets speculate that Do Kwon has been hiding out in Serbia since December 2022, but Terra’s fugitive founder continues to protest his innocence via Twitter.
Digital Currency Group’s Luno exchange cuts staff, Grayscale won’t cut fees
In a 'town hall' meeting on January 25, U.K.-based digital assets exchange Luno revealed that around 35% of them were out of a job.
DCG involvement in 3AC, FTX collapses raise prospect of billion dollar clawbacks
3AC founders came out swinging against SBF's FTX and DCG's Barry Silbert, accusing the two of colluding to attack Terra and, by extension, 3AC, as well as engaging in a Ponzi scheme.
Farewell to 2022… Hello 2023!
2022 witnessed the dashing dreams of BTC loyalists who called for the price to hit $100k, given their infallible plan to get rich by HODLing, while the Defi crowd got their time in the sun.
South Korean court confiscates $92M in assets linked to Terra tokens
The assets were obtained from Kernel Labs—a firm close to Terra—and according to court documents, Kernel Labs’ CEO Kim Hyun-Joong served as Vice President of Engineering at Terraform Labs.
Prof. Hilary Allen bursts BTC’s ‘decentralization’ bubble
U.S. Senate Committee on Banking, Housing, and Urban Affairs hearing into the FTX collapse mocked Kevin O’Leary, who is lamenting the loss of the $15m tokens he received for being FTX’s spokesman.
Terraform Labs co-founder Do Kwon reportedly hiding out in Serbia, authorities say
It remains unclear why Kwon chose Serbia, but South Korean authorities are not ruling out the possibility that the embattled founder has a “special helper” in the country.
South Korea central bank pushes for stablecoin regulation
Bank of Korea stated that stablecoins pegged to foreign currencies have to comply with the foreign exchange laws of South Korea, while those pegged to the Korean won are automatically under their purview.
Where do blockchain and ‘crypto’ go from here?
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.
Terra co-founder Daniel Shin faces fresh fraud charges
Daniel Shin allegedly ignored warnings from the Financial Supervisory Service and continued telling investors that Terra's stablecoin would debut on e-commerce platforms.
New bill wants South Korean exchanges to compensate users for sudden halt in withdrawals
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.