Tag: Terra collapse

The U.S. Securities and Exchange Commission (SEC) released an indictment accusing Terraform Labs and CEO Do Kwon of conspiring to defraud billions of dollars using crypto assets and securities, leading to a crash that caused $40 billion in damage.

The cryptocurrency mining craze seems to have come to an end as crypto miners are closing up farms across Asia.

Cryptory.net - Terra founder Do Kwon is believed to be in Serbia, South Korea is in the process of requesting cooperation from the Serbian government.

Cryptocurrency lending platform BlockFi is the latest name in the crypto space to collapse after filing for Chapter 11 bankruptcy.

Lending platform Hodlnaut continues to face investigation from Singapore police for fraudulent acts.

Cryptory.net - More than 3,000 Bitcoin was transferred to digital wallets of crypto exchanges right after an arrest warrant was issued.

Cryptory.net - “I’m writing code in my living room. I’m making zero effort to hide”, said Do Kwon.

Cryptory.net - Where is Do Kwon now? - No one knows.

Confronting rumors about the disappearance of Three Arrows Capital (3AC) founders, Su Zhu voiced a counterattack, claiming that he was tricked by unnamed liquidators.