Cryptory.net - Someone moved over $160 million in Bitcoin from a wallet reportedly associated with Luna Foundation Guard (LFG), the organization connected to Terraform Labs and co-founder Do Kwon.
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 whole cryptocurrency market is sinking toward bad news. Bitcoin fell 12% before 4:30 p.m. ET to just under $16,000, hitting a low not seen since November 2020, according to Coin Metrics.
FTX’s native token FTT experienced a volatile weekend as Binance dumped all of its FTT holdings “Due to recent revelations that have come to light,” CEO Changpeng Zhao (CZ) confirmed.
Cryptocurrency exchange Binance completed the first burn of Terra Classic tokens’ transaction fee following the suggestion of the community in September.