A recent study from Queen Mary University of London reveals the shocking collapse of the TerraUSD stablecoin and LUNA, which lost $3.5 billion in value almost overnight. Led by Dr. Richard Clegg, researchers used advanced techniques to identify suspicious trading patterns, indicating a coordinated attack by a small group of traders. Their analysis showed that ...
Do Kwon, the co-founder of Terraform Labs, faces severe legal repercussions as he has been extradited to the U.S. from Montenegro. Following the collapse of the TerraUSD and Luna cryptocurrencies, Kwon could face up to 130 years in prison if convicted on multiple fraud charges. The U.S. Justice Department is pursuing substantial charges, including securities ...
Montenegro has decided to extradite South Korean cryptocurrency entrepreneur Do Kwon to the United States. This comes after lengthy court proceedings regarding his extradition related to the collapse of his company, Terraform Labs, which resulted in the loss of about $40 billion for investors and shook the global cryptocurrency Market. Kwon, arrested in March 2023 ...
Montenegro has decided to extradite South Korean crypto entrepreneur Do Kwon to the United States, following complex legal proceedings. Kwon, known for his role in the collapse of Terraform Labs and the failure of its “stablecoin” TerraUSD, is accused of fraud that cost investors around $40 billion and shook the global crypto markets. He was ...
