DoJ Probing Do Kwon, Jane Street, and Jump Over LUNA Crash
The Department of Justice is investigating Do Kwon over his involvement with LUNA and Terra USD.
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XLM$0.1953-3.57%
BTC$62,495.00-2.10%
ETH$1,662.50-3.31%
USDT$0.99890.00%
USDC$0.9998-0.01%
XRP$1.11-1.51%
SOL$69.43-3.23%
TRX$0.329-1.30%
FIGR_HELOC$1.03-0.16%
HYPE$62.14-5.95%
DOGE$0.0788-3.89%
USDS$0.9997+0.01%
RAIN$0.0156-2.27%
LEO$9.54+0.05%
ZEC$416.96-5.64%
XLM$0.1953-3.57%
The investor who held a $10 billion bearish bet against LUNA bought 450,000 MOON tokens, sending its price surging over 25%.
The Department of Justice is investigating Do Kwon over his involvement with LUNA and Terra USD.
Terra Classic (LUNC) spites new LUNA, but the interest is waning.
Seoul Southern District Court approved the request by local prosecutors to freeze more than $100M in assets belonging to Terraform Labs co-founder Daniel Shin.
South Korean prosecutors claim they found evidence that Do Kwon manipulated the price of LUNA, say he is now an illegal immigrant somewhere in Europe.
South Korean authorities froze an additional $39.6 million worth of crypto tied to Terraform Labs founder Do Kwon, per reports.
South Korean crypto exchange Upbit plans to use the fees it collected from LUNC transactions to establish a crypto monitoring service to help those affected by…
Binance CEO Changpeng Zhao said the crypto exchange could allow users to choose to pay the 1.2% trading fee for their LUNC transactions instead of forcing…
A court in South Korea issued arrest warrants for Do Kwon and 5 others in connection with capital market crimes.
New Layer 1 solutions gained massive adoption in 2021 as crypto hedge funds were diversifying into altcoins, with 45% holding LUNA.
A Terra validator has leaked the full chat logs of the telegram group where members of Terraform Labs discussed the UST crisis.
Do Kwon endorsed a community proposal that would increase minting capacity in an effort to “absorb the UST more quickly.”
Over 67% of UST tokens are locked on Anchor because of its generous APY, but analysts claim this is not sustainable.