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.
Bitcoin24h
$83,547.37+1.11%
Ethereum24h
$2,515.70-0.60%
BNB24h
$740.52-0.61%
XRP24h
$1.37-1.19%
Solana24h
$107.23-2.55%
TRON24h
$0.3279-0.94%
Hyperliquid24h
$81.37-4.35%
Zcash24h
$1,198.57-6.53%
Dogecoin24h
$0.0842-1.84%
Monero24h
$530.43-0.80%
Basis Cash: The failed algorithmic stablecoin Do Kwon didn’t learn from
CoinDesk revealed failed algorithmic stablecoin Basis Cash was created by Terra’s Do Kwon and BitClout’s Nader Al-Naji.
Here’s a complete timeline of Do Kwon’s $29B DeFi ecosystem, Terra
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.
-
American Express fined $350M for decade of suspected money laundering—by Protos Staff
-
Juventus FC stock down 30% since Tether investment—by Protos Staff
-
Initiate ‘bunker mode’ to protect crypto from AI, says Justin Drake—by Protos Staff
-
Inside EQIBank’s $84M seizure—by Protos Staff
-
Nike overpaid $7.9 billion buying back its own stock—by Protos Staff
-
Stablecoin Development Corp price pumps for no reason—by Cas Piancey
-
ZachXBT poses as money launderer to infiltrate Lazarus network—by Protos Staff
-
Nike warns of layoffs as stock hits 13-year low—by Protos Staff
-
MetaMask unstakes $1.4B of ETH after validator rewards stolen—by Protos Staff
