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TERRAUSD COLLAPSE
A16z’s crypto vehicle launches $2.2 billion Fund VAndreessen Horowitz's crypto arm, a16z crypto, has secured $2.2 billion for its Fund V, focusing on areas like stablecoins and AI agents. T...
Jane Street's troubles shift from Nifty Bank to crypto. Is a bigger storm brewing?Jane Street faces a lawsuit for alleged insider trading linked to the TerraUSD and Luna collapse. The firm denies the claims, calling them ...
Crypto mogul Do Kwon sentenced to 15 years for fraudA US court sentenced cryptocurrency tycoon Do Kwon to 15 years in prison Thursday over fraud linked to his company's failure, which wiped o...
Terraform Labs approved for bankruptcy wind-down after US SEC settlementTerraform, which filed for bankruptcy in January, agreed to a $4.47 billion SEC settlement after a jury in Manhattan found the company liab...
Terraform Labs co-founder Do Kwon to miss start of US SEC fraud trialIn a letter filed in federal court in Manhattan, Do Kwon's lawyer David Patton said Kwon will not seek to adjourn the trial date, regardles...
Terraform Labs files for bankruptcy protection in USSingapore-based Terraform labs, in a filing with the bankruptcy court in Delaware, listed assets and liabilities in the range of $100-$500 ...
US SEC trial against Terraform Labs postponed to allow Do Kwon extraditionIn an order, US District Judge Jed Rakoff in Manhattan pushed back the trial to March 25 from Jan. 29, with no further delays even if Kwon ...
Judge sides with US SEC, says Terraform Labs crypto founder Do Kwon violated lawUS District Judge Jed Rakoff in Manhattan sided with the Securities and Exchange Commission in its case stemming from the implosion of the ...
US judge considers whether Terraform Labs' cryptocurrencies were securitiesTerraform Labs and its founder Do Kwon were behind two cryptocurrencies whose implosion roiled crypto markets around the world last year.
Bitcoin drops more than 4% on hawkish Fed rhetoric, US clampdownThe largest digital token slid as much as 4.2% and was trading below $24,000 as of 7:55 a.m. Friday in Singapore. Smaller tokens such as Et...
Interpol issues red notice for crypto firm Terraform founder Do KwonTerraUSD, also known as "stablecoin," and its digital coin counterpart, Luna, traded in the 10 cent-range and nearly at zero, respectively,...
Crypto lender Hodlnaut seeks to restructure under judicial managementHodlnaut, which last week suspended withdrawals, swaps and deposits, said it filed the petition with the Singapore High Court.
South Korea prosecutors raid crypto exchanges, offices for Luna investigationInvestors have made fraud accusations against Korean developers Do Kwon and Daniel Shin, co-founders of blockchain platform Terraform Labs,...
Crypto giant Tether to launch sterling-pegged stablecoinStablecoins are cryptocurrencies designed to keep a steady value against traditional currencies or commodities such as gold. They seek to a...
Crypto firm Celsius pauses all transfers and withdrawals between accounts"We are taking this necessary action... in order to stabilize liquidity and operations while we take steps to preserve and protect assets,"...
‘No future:’ Analysts weigh in on new Luna token’s prospectsLuna 2.0 emerged out of the ashes of crypto entrepreneur Do Kwon’s ecosystem, which collapsed after the TerraUSD algorithmic stablecoin at ...
TerraUSD developers vote to create new blockchain without failed stablecoinTerra backers will distribute the new Luna token to Luna Classic and UST holders. In a tweet, Terra said that it would work with crypto exc...
Regulators must put up guardrails to protect crypto investors: IMF officialThe shocking implosion of the TerraUSD stablecoin and Luna cryptocurrencies last week threw many young investors into a panic.
Crypto-loving South Koreans bet on Luna rising from ashes, worrying regulatorAs the sudden resurgence of buying crossed its radar, South Korea's Financial Services Commission warned people on Tuesday against investin...
Bitcoin falls to lowest in 16 months, giving up 2021 gainsThe world's largest cryptocurrency dropped as low as $26,970, to stand at its lowest since Dec. 28, 2020. In the last eight sessions, it ha...