Terra
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Do Kwon may miss the start of the March 25 trial in the SEC’s case against the former executive and Terraform Labs
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Last week, WSJ reported that Montenegro planned to extradite Kwon to the US rather than South Korea
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Jump Crypto is the trading firm at the center of Terra-related market manipulation allegations
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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
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In response to a motion to compel from Terraform, Citadel Securities cites their “baseless” theory
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The company allegedly invested $6 million of customer funds in Terra prior to the collapse
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The documents list Tai Mo Shan as a Cayman Islands-exempted company with a Chicago, Illinois, address
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Terra depegged from the US dollar this time last year — these charts show exactly how much it wrecked crypto markets
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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
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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
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Bitcoin had more unconfirmed transactions in its mempool last week than at any point over the past 10 months
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After a record year for regulatory action in 2022, the “regulation by enforcement” era has continued into the new year
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The SEC specifically cited Terra’s Anchor in its charges, saying the “yield-bearing” protocol “promised to pay 19-20% interest”
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Do Kwon and Terraform Labs still face multiple legal threats, despite Matthew Albright dismissing his complaint against them
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Throughout the decline in digital asset prices this year, a handful of crypto critics began to suspect something more was amiss
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Several consequential events this year made crypto markets spin and caused investors to question the integrity of the industry
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Crypto has survived far worse things this year than FTX implosion, Chainalysis has found
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The independent bureau within the US Treasury Department is asking financial institutions to tread carefully when dealing with crypto and related firms
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It is unclear how long the investigation has been going on, or whether Bankman-Fried has committed any wrongdoing in relation to the matter
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The company behind the Terra stablecoin is hoping DAOs will build on the Terra blockchain — which lost billions in a few days earlier this year
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“When I was a child, I spoke as a child, I understood as a child, I thought as a child: But when I became a mature and pragmatic industry, I put away childish things.”
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