Terra
According to a legal filing, Galaxy Digital helped boost the price of LUNA while quietly selling its tokens
Do Kwon may miss the start of the March 25 trial in the SEC’s case against the former executive and Terraform Labs
Last week, WSJ reported that Montenegro planned to extradite Kwon to the US rather than South Korea
Jump Crypto is the trading firm at the center of Terra-related market manipulation allegations
Stablecoins, a key source of liquidity in crypto, stayed mostly constant during bitcoin’s surge, perhaps indicating that new liquidity is still yet to find its way into crypto
In response to a motion to compel from Terraform, Citadel Securities cites their “baseless” theory
The company allegedly invested $6 million of customer funds in Terra prior to the collapse
The documents list Tai Mo Shan as a Cayman Islands-exempted company with a Chicago, Illinois, address
Terra depegged from the US dollar this time last year — these charts show exactly how much it wrecked crypto markets
The total value of all crypto in circulation reached a peak of $1.26 trillion on Friday — the highest level in more than 10 months
Terra founder Kwon and his business partner can only be extradited after court decision in Montenegro, but it’s unclear where they’ll end up
Bitcoin had more unconfirmed transactions in its mempool last week than at any point over the past 10 months
After a record year for regulatory action in 2022, the “regulation by enforcement” era has continued into the new year
The SEC specifically cited Terra’s Anchor in its charges, saying the “yield-bearing” protocol “promised to pay 19-20% interest”
Do Kwon and Terraform Labs still face multiple legal threats, despite Matthew Albright dismissing his complaint against them
Throughout the decline in digital asset prices this year, a handful of crypto critics began to suspect something more was amiss
Several consequential events this year made crypto markets spin and caused investors to question the integrity of the industry
Crypto has survived far worse things this year than FTX implosion, Chainalysis has found
The independent bureau within the US Treasury Department is asking financial institutions to tread carefully when dealing with crypto and related firms
It is unclear how long the investigation has been going on, or whether Bankman-Fried has committed any wrongdoing in relation to the matter