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According to the Montenegro-based newspaper Vijesti, Do Kwon, the co-founder of Terraform Labs, also known as Kwon Do-hyung, is appealing the detention extension ordered by a Montenegrin court. Kwon was arrested on March 23, 2023, after being caught at Podgorica Airport in Montenegro while traveling with fraudulent identification documents. Report Says Kwon’s Legal Representation Aims … Read more
Interest in the U.S. banking crisis has risen greatly over the past two weeks, as shown by Google Trends data. There has been a sharp increase in queries related to search terms such as “banking crisis,” “bank collapse,” and “bank failure.” On March 13, 2023, the search term “banking crisis” reached the top Google Trends … Read more
The controversial founder of Terraform Labs, Do Kwon is at the center of the investigation, despite believed to be hiding out in Serbia. Go to Source Powered by WPeMatico
Local police in Singapore sent an email on Monday saying that they have begun a probe connected to Do Kwon’s Terraform Labs. Go to Source Powered by WPeMatico
Binance recently rebranded its custody arm, now called Ceffu, which launched in Singapore in November 2022. Go to Source Powered by WPeMatico
Despite Hodlnaut creditors insisting on the firm’s liquidation, the founders keep trying to save the business and sell it to potential investors. Go to Source Powered by WPeMatico
On Feb. 17, 2023, Tokyo-based Sony Network Communications announced that it is co-hosting a Web3 incubation program with the multichain smart contract platform Astar Network. The program has started accepting applications, and Sony and Astar will jointly mentor Web3 projects “focused on the utility” of non-fungible tokens (NFTs) and decentralized autonomous organizations (DAOs). Sony and … Read more
As Hong Kong has been opening up to crypto, major financial institutions like DBS Group are targeting new crypto services in the Chinese territory. Go to Source Powered by WPeMatico
According to the filing, Kyle Davies was “without question” aware of the subpoena posted to Twitter, citing the 3AC founder’s online activity and attempts to raise funds for GTX. Go to Source Powered by WPeMatico
According to recent court filings, Kyle Davies, co-founder of the defunct cryptocurrency hedge fund Three Arrows Capital (3AC), has allegedly failed to respond to a subpoena from the firm’s current liquidators, despite it being sent via Twitter. Representatives from advisory company Teneo state that Davies continues to ignore his obligations to Three Arrows. 3AC Liquidators … Read more