Su Zhu, co-founder of Three Arrows Capital (3AC) admitted he and his team had close ties with Terra co-founder Do Kwon, which made them overlook red flags that eventually led to...
Mike Novogratz, founder and CEO of Galaxy Digital, said the cryptocurrency industry is in the midst of a “full-fledged credit crisis,” according to a Bloomberg report, as a plet...
Three Arrows Capital’s (3AC’s) advisory firm Teneo has been granted permission by a Southern District of New York’s bankruptcy court to issue subpoenas as it fights to recoup fu...
CoinLoan, an Estonian Crypto lender, is shrinking its daily withdrawal limit by 99%, from $500,000 to $5,000. The decreased limit follows the increase in client withdrawals, mos...
Do Kwon received an eerie message from Anonymous, a self-defined collaborative project with activists from different countries who seek a better future for humanity, in the form...
It is undeniable that the cryptocurrency industry is deep into a bear market, as top projects are down over 60% from their all-time highs reached around Winter 2021. Even though...
Recently, the Terra cryptocurrency experienced a death spiral that caused the UST stablecoin to drop from $1 to $0.05, and the LUNA coin to drop literally 100%. In an effort to ...
South Korean Financial Authorities and the government are looking to introduce legal measures and more calculated supervision on crypto exchanges in wake of Terra’s collapse, ac...
Terra’s popular lending platform, Anchor, saw more than $1 billion in liquidations last week as the Terra project collapsed, seeing their stablecoin, TerraUSD (UST), and their o...
The Terra blockchain has been halted by developers at a block height of 7,603,700 in order to stop all transactions on the network, according to a Twitter announcement from Terr...
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