Terra’s Plot Thickens: Prosecutors Uncover Secret Subsidiary Used As Fund Cha...
The ongoing inquiry into Terra’s crash has reportedly taken a new turn as authorities have connected a new crypto entity called “Flexe” to Terra and Do Kwon, according local Korean news outlet KBS news. Terra’s Secret Subsidiary Belongs To Do Kwon The Terra debacle doesn’t appear to be over. 1Prosecutors in South Korea allegedly discovered […]
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On Thursday, Nov. 3, 2022, local reports from South Korea disclosed that Korean prosecutors have allegedly discovered evidence that shows Do Kwon and an associate manipulated the price of LUNA, Terra’s native crypto token. The report further says South Korean prosecutors believe Kwon is hiding out in Europe. Local Report Claims South Korean Prosecutors Have Evidence of Do Kwon Ordering an Associate to Manipulate LUNA’s Price A report published by the local KBS News claims the co-creator of the Terra blockchain project, Do Kwon, is currently located in Europe. The news was discovered....
Ross Ulbricht, the alleged owner and operator of Silk Road, is currently in two federal cases. In New York he is facing charges of narcotics conspiracy, money laundering and computer fraud and in Baltimore for a single murder-for-hire plot. Ulbricht will go on trial in New York on January 5, 2015, and while murder is not part of the charges he is facing, it is being used to discredit him and continues to creep into the case. In response to a request from prosecutors, Judge Katherine Forrest has allowed prosecutors to keep a list of their witnesses secret until January 2nd, the Friday....
The plot thickens. Did the supposed Tornado Cash developer arrested in The Netherlands have ties to a Russian security agency? Is a job in 2017 for a company with tenuous connections to Russia enough to justify the arrest? As Bitcoinist told you and reiterated, there had to be another reason that FIOD and the OFAC […]
DAI tops it off as the strongest stablecoin to date despite Terra’s plunge. USDT and UST may have plummeted – but not DAI. It’s been a brutal two weeks in the crypto space especially with the devastating collapse of Terra’s stablecoin UST, which is currently trading at a little below 6 cents. Suggested Reading | […]
Bitcoin startups are due to see a windfall in investment after multibillion-dollar Chinese investment firm Huiyin Group announced the launch of its bitcoin- and blockchain-specific subsidiary fund, Huiyin Blockchain Ventures (HBV). As stated on its website, the new subsidiary fund will partner “with innovative start-ups and entrepreneurs to help them grow and define the future of the blockchain economy”. The fund will look toward investing $20 million in bitcoin and blockchain companies over the course of 2016. HBV will be managed by James Wo, who is the son of the founder of the Huiyin....