Artificial intelligence-related tokens took a beating Thursday as markets stooped amid revelations the SEC had charged Terraform Labs’ CEO and fugitive, Do Kwon, with fraud. Top AI tokens, including S...
Tag: do kwon
Just in Time: SEC Charges Do Kwon, Terraform Labs With Fraud
Almost a year after the algorithmic stablecoin Terra USD lost its peg, and following tens of billions of dollars of investor money evaporating into thin air, the SEC charged Terraform Labs and CEO Do ...
Terra’s DAO Platform Is Open for Business
Terra founder Do Kwon is still wanted by Interpol, but the team behind the protocol’s stablecoin has launched a platform for building DAOs on its blockchain. Terraform Labs built Enterprise, a “no-cod...
Do Kwon says he’s legally residing in current country; report indicates in Europe
Terra founder Do Kwon may be in Europe, South Korean prosecutors told national news outlet KBS. The beleaguered crypto project head has refused to publicly reveal his location following the mel...
Ruined retail investors are on the hunt for Do Kwon: FT
Do Kwon is the most wanted man in crypto, with South Korean authorities, Interpol and now UST Restitution Group trying to track him down. The group of nearly 4,400 former Terraform Labs investors has...
Luna Foundation Guard postpones compensation efforts, cites ‘ongoing and threatened litigation’
Since the collapse of the TerraUSD, the algorithmic stablecoin that catastrophically lost parity with the U.S. dollar earlier this year, the Luna Foundation Guard (LFG) maintained it would follow thro...
Terraform Labs Founder Do Kwon says he’s ‘making zero effort to hide’
Do Kwon doesn’t seem too stressed that he’s wanted by authorities. “I’m writing code in my living room hbu,” the Terraform Labs founder replied to a user on Twitter. When asked about his t...
South Korea says Interpol has issued a red notice for Do Kwon, Bloomberg says
Prosecutors in South Korea claim Interpol has issued a red notice for the arrest of Terraform Labs CEO Do Kwon, according to a Bloomberg report. The news comes after a South Korean court issued a warr...
What Really Happened To LUNA Crypto?
| Getty Images Key Takeaways When the Luna crypto network collapsed, it’s estimated that $60 billion got wiped out of the digital currency space. Algorithmic stablecoins (UST) are not the same as Teth...
South Korea asks Interpol to issue red notice for Do Kwon: FT
South Korean prosecutors have reportedly asked Interpol, an international organization that facilitates police cooperation and crime control between countries, to issue a red notice against Do Kwon. T...
LUNA’s price more than triples within 24, market cap sees 209% increase
The collapsed cryptocurrency LUNA, governance token of the Terra ecosystem, has more than tripled within the past 24 hours. The performance of Terra (LUNA) according to the crypto price tracker Trad...
Crypto Entrepreneur Backs Terra Relaunch Amid Skepticism, Says Price Collapse Will Foster Institutional Adoption
Crypto custodian Hex Trust says the recent meltdown of stablecoin TerraUSD (UST) and its sister token Luna will herald more intervention by regulators, paving the way for more asset managers to join t...
How Terra’s Algorithmic Stablecoin Came Crashing Down
Over the past week and a half, in one of the largest wealth-destroying events in crypto history, we witnessed the horrific unravelling of the Terra ecosystem. Terra, prior to its demise, was one of th...
‘Revival Plan’ Boosts ‘Essentially Zero’ Luna Price By 1,000% Amid Bitcoin, Ethereum And Crypto Crash
Luna LUNA , the collapsed cryptocurrency that was designed to support the terraUSD (UST UST ) stablecoin, has rocketed higher over the last 24 hours despite falling to near zero this week—a dramatic c...
Luna Nosedives Under $2, Loses 98% Of Its Value As TerraUST Struggles To Regain Its Dollar Peg
Do Kwon, co-founder and chief executive officer of Terraform Labs, poses in the company’s office in Seoul, South Korea, on Thursday, April 14, 2022. Photographer: Woohae Cho/Bloomberg © 2022 Blo...
How Crypto’s Crash Broke The Buck For TerraUSD
Do Kwon, co-founder and chief executive officer of Terraform Labs, in the company’s office in Seoul, South Korea, on Thursday, April 14, 2022. Kwon is counting on the oldest cryptocurrency as a ...