ZEN INVESTING
Ex-Hodlnaut CEO Charged With Fraud Over Terra (UST) Collapse
Singapore's former Hodlnaut CEO faces six fraud charges tied to misleading statements about the platform's exposure to the $45B Terra ecosystem crash.
Jane Street Accused of Insider Trading Before Terra UST Collapse
Jane Street faces allegations of using insider information via a private Telegram channel to unwind UST positions before Terra's 2022 collapse.
Terra's Do Kwon Says He is Cooperating With Prosecutors in New Interview
In a new interview with Laura Shin, Do Kwon maintained that he has been cooperating with prosecutors
South Korean Watchdogs Request Interpol’s Red Notice against Do Kwon
The controversy surrounding Do Kwon’s whereabouts continues to grow, given that South Korean prosecutors asked Interpol to issue a red notice against the Terraform Labs’ founder.
Korean Prosecutors Consulting if LUNA Classified "Security"
The probe into Terraform Labs by South Korean prosecutors is taking a whole new twist as watchdogs are making consultations on how best to classify the collapsed LUNA tokens - now known as Luna Classic (LUNC).
Binance.US Sued for Selling Unregistered LUNA Securities
Binance.US has been sued in a class-action lawsuit for the sale of unregistered security tokens from the Terra blockchain protocol.
Do Kwon Denies Allegations of Cashing Out $2.7Bn through DegenBox
According to a Twitter user, FatMan Terra, Do Kwon allegedly used the Abracadabra protocol, DegenBox to siphon as much as $2.7 billion from the UST and Terra coffers months leading to the eventual collapse of the Layer-1 protocol.
Stablecoins to be Issued by Licensed Banks and Trust Companies in New Japanese Law
In a move to protect investors, Japan’s parliament has passed a bill classifying stablecoins as digital money that must be connected to the nation’s currency, yen, or another legal tender.
UK Finance Ministry Proposes Safety Net Measures against Stalling Stablecoins
The proposals presented by the British finance ministry are aimed to mitigate risks related to stablecoins amid the recent TerraUSD de-pegging fiasco.
Proposal to Burn 1.3bn UST Tokens Wins Approval from Terra Governance
According to CoinGecko, the total number of tokens to be burnt equals more than 1.3 billion UST or around 11% of the existing 11.2 billion UST supply.
