Crypto streamer arrested after failed Terra founder confrontation
Do Kwon's wife was placed into protective custody after a crypto streamer, who lost more than $2M in Terra's collapse, turned up at his door.
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Do Kwon's wife was placed into protective custody after a crypto streamer, who lost more than $2M in Terra's collapse, turned up at his door.
Pal tweeted his dislike of people on Twitter "screaming at anyone with different views," just months after claiming Terra was "basically risk-free."
In April the UK chancellor announced plans to recognize stablecoins. Terra's recent collapse will give regulators food for thought.
South Koreans are leading the charge in taking legal action against Do Kwon and Terra, citing heavy investor losses and potential fraud.
A press release stated asset manager GAM Holding could be injecting $3 billion into failing stablecoin Terra (UST) — turns out, it's fake.
The stablecoin's recent crash has wiped $17.5 billion from the raft of projects banking on its success.
— Basis Cash, Kwon
CoinDesk revealed failed algorithmic stablecoin Basis Cash was created by Terra's Do Kwon and BitClout's Nader Al-Naji.
— Crypto, Stablecoin
Third-largest stablecoin UST de-pegged from the US dollar, traded as low as $0.62, and lost over $4 billion in market capitalization.
Do Kwon is the founder of Terra, a DeFi ecosystem with $29 billion in value locked in its protocols. These are the steps he's taken so far.
Terra is now second only to Ethereum in terms of total value locked inside its DeFi ecosystem, with Binance Smart Chain dropping to third.