DICT Clarifies eGovchain, Terraform Labs to Pay US SEC $4.5B | Key Points | June 14, 2024
Today’s crypto news recap: DICT’s egovchain, Do Kwon news, and more on local exchange listings.
Terraform Labs CEO Do Kwon Arrested in Montenegro Following Crypto Collapse
Terraform Labs CEO Do Kwon arrested in Montenegro following the collapse of TerraUSD and Luna tokens. Discover the events leading to his arrest and the ongoing legal proceedings.
Do Kwon Cashes Out $80 Million Monthly: US SEC
The US SEC has accused Terraform Labs and CEO Do Kwon of deceiving investors and committing a multi-billion-dollar fraud.
Interpol Issues Red Notice for Terra’s Do Kwon
Interpol has placed Terra Labs founder and CEO Do Kwon under red notice, a notice that eyes to find and arrest the CEO.
US Solons Eye to Ban Algorithmic Stablecoins for 2 Years
Two American lawmaker is pushing to pass a law that will ban the creation of algorithmic stablecoins for two years.
Hacktivist Group Anonymous Pledges to Reveal Terra Luna’s Do Kwon’s ‘Crimes’
Anonymous also pointed out and criticized Kwon for his “arrogant tactics” in addressing his competitors and critics and “acting like he would never fail.”
Terra Employees Banned from Leaving South Korea
The investigation was carried out after the collapse of UST and LUNA last May, and affected 200,000 Koreans.
Do Kwon Denies Cashing Out $2.7 Billion worth of LUNA before The Crash
Kwon stated that the crypto community must stay away from fueling the rumor until it was proven true.
Luna V2 Price Pumps Then Dumps to $5 Immediately After Relaunch
CZ pointed out the potential issues with forking Terra and noted that “minting, forking, don’t create value.”
Luna, UST Update: Binance CEO is Disappointed with How Luna and UST Price Collapse is Handled
CZ said that hard forking to TERRA2 “won’t work” as it would involve providing a new version of LUNA to all holders.