YCombinator crypto DeFi startup StableGains lost $42M in Anchor Protocol
YCombinator startup StableGains held millions of dollars worth of customer funds within Anchor Protocol and lost it all.
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Terra implosion could shape UK stablecoin regulations
In April the UK chancellor announced plans to recognize stablecoins. Terra’s recent collapse will give regulators food for thought.
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.
Terra’s death spiral is hitting all its crypto friends
The stablecoin’s recent crash has wiped $17.5 billion from the raft of projects banking on its success.
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Tether has publicly listed a company that partially controls USDS—by Cas Piancey
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We found HTX’s reserves at Poloniex—by Protos Staff
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Winklevoss’ Zcash company pivots to cancer drug after $37.8M loss—by Protos Staff
