Bitcoin24h $86,829.10-8.27%

Ethereum24h $2,398.63-10.06%

XRP24h $2.19-10.39%

BNB24h $607.33-4.73%

Solana24h $138.99-9.38%

Dogecoin24h $0.2017-11.04%

Cardano24h $0.6495-10.04%

TRON24h $0.2274-7.91%

Chainlink24h $14.57-10.47%

Toncoin24h $3.46-3.75%

South Koreans are particularly angry at Do Kwon and Terra

South Koreans are leading the charge in taking legal action against Do Kwon and Terra, citing heavy investor losses and potential fraud.

GAM Holding to investigate false $3B Terra bailout report

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.

Billionaire investor Mark Cuban was down bad after getting caught in a DeFi ‘bank run’ last year — but he made it all back with KlimaDAO.

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.