Crypto Leaders Clash Over Galaxy Digital’s $200 Million Settlement with NYAG The crypto industry is grappling with the fallout of Galaxy Digital’s $200 million settlement with the New York Attorney General (NYAG) over its promotion of the Terra (LUNA) token. This settlement has ignited a fierce debate among industry leaders, with some rallying behind Galaxy […]
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BitGo CEO Backs Crypto Oversight After Galaxy Digital’s $200M Settlement Galaxy Digital’s $200 million settlement with the New York Attorney General (NYAG) over allegations of unethical promotion of Luna cryptocurrency has sparked a call for increased regulation from BitGo CEO Mike Belshe. BitGo CEO supports crypto regulation Galaxy Digital settles for $200M over Luna promotion […]
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Galaxy Digital’s $200M Settlement: Unpacking the LUNA Debacle Did you know that a single cryptocurrency’s collapse led to over $40 billion in losses? This is the story of LUNA and the legal battles that followed. Galaxy Digital, a key player in the cryptocurrency financial services sector, has been ordered to pay a $200 million settlement […]
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Do Kwon Indicted on Multiple Charges, Could Face Up to 130 Years in Prison Do Hyeong Kwon, the co-founder of Terraform Labs, has been extradited to the United States from Montenegro, where he now faces a raft of federal fraud charges that could result in up to 130 years behind bars. The charges stem from […]
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Montenegro Completes Do Kwon’s Extradition to the US Amid TerraUSD and Luna Collapse Fallout Montenegro has extradited Do Kwon, the founder of Terraform Labs, to the United States, where he faces charges related to the collapse of TerraUSD and Luna, which led to a staggering $40 billion loss in the crypto market. Montenegro extradites Do […]
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The extradition of Do Kwon, the controversial figure behind the collapsed TerraUSD and Luna cryptocurrencies, to the United States marks a significant moment in the realm of cryptocurrency accountability. Montenegro’s decision to prioritize the U.S. extradition request over South Korea’s underscores the seriousness of Kwon’s alleged financial transgressions. Montenegro chooses to extradite Kwon to the […]
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