News Explorer — Former Terraform Labs CFO Extradited to South Korea

Generated by AI, curated by humans

Feb 5, 10:33 am

DL News

Former Terraform Labs CFO Extradited to South Korea

Han Chang-joon, former CFO of Terraform Labs, has been extradited to South Korea after completing his prison sentence in Montenegro. He and co-founder Do Kwon were arrested in March for attempting to travel with fake documents. Chang-joon now faces criminal proceedings that could result in a life sentence in South Korea. The Terra stablecoin ecosystem collapsed by $60 billion in May 2022.

Han Chang-joon, former CFO of Terraform Labs, has been extradited to South Korea after completing his prison sentence in Montenegro. He and co-founder Do Kwon were arrested in March for attempting to travel with fake documents. Chang-joon now faces criminal proceedings that could result in a life sentence in South Korea. The Terra stablecoin ecosystem collapsed by $60 billion in May 2022.

Latest

Dec 5, 12:47 pm

Decrypt

Ethereum Traders Show Less Downside Risk Compared to Bitcoin

Ethereum traders are more optimistic than Bitcoin traders, as indicated by options data showing less downside risk for E... Read Summary

Dec 5, 12:19 pm

Decrypt

Bitcoin ETFs Just Had Their Worst Day in Weeks

Bitcoin ETFs experienced their highest outflows in two weeks, with $194.6 million leaving on December 5. BlackRock’s IBI... Read Summary

Dec 5, 11:25 am

Coindesk

European Commission Suggests Transferring Crypto Supervision to ESMA

The European Commission proposed transferring supervision of cryptocurrency companies from individual countries to the b... Read Summary

Dec 5, 7:25 am

Coindesk

Kraken Rolls Out 'VIP' Program for Wealthy Crypto Investors

Kraken has introduced a VIP program for high net worth individuals, offering personalized services and exclusive experie... Read Summary

Dec 5, 6:50 am

Decrypt

Italy Launches Crypto Probe Following Central Bank Warning

Italy has initiated an "in-depth review" of retail investors' exposure to cryptocurrencies due to concerns about regulat... Read Summary

Dec 5, 4:43 am

Decrypt

Gold and Silver Outshine Bitcoin Amid Concerns Over Fed Policy and Inflation

Gold and silver have significantly outperformed Bitcoin this year, with returns of 86% and 60% respectively, while Bitco... Read Summary

Dec 4, 10:58 pm

Decrypt

IMF Cautions Stablecoins May Erode Central Banks' Financial Control and Stability

The International Monetary Fund warns that stablecoins could threaten central banks' financial sovereignty by leading to... Read Summary

Dec 4, 10:04 pm

Decrypt

Ripple CEO Brad Garlinghouse Still Thinks Bitcoin Can Hit $180,000 by 2026

Brad Garlinghouse predicted Bitcoin would reach $180,000 by the end of 2026 at Binance Blockchain Week. Regulatory progr... Read Summary

Dec 4, 9:36 pm

Decrypt

Bitcoin and Ethereum Show Slight Gains, With Predictors Bullish on BTC Reaching $100K

Bitcoin and Ethereum have seen slight gains, with BTC reclaiming $92,000 and ETH at $3,140. Predictors are now bullish o... Read Summary

Dec 4, 9:12 pm

Coindesk

Canton Network Creator Secures Funding From Nasdaq, S&P, BNY

Digital Asset, the company behind the Canton Network, has received strategic investments from major financial players li... Read Summary

Dec 4, 9:25 pm

Decrypt

Solana and Base Get Connected Through Chainlink-Powered Bridge

A new bridge between Base and Solana networks, secured by Chainlink's CCIP and Coinbase, allows seamless asset movement.... Read Summary

Dec 4, 8:22 pm

Decrypt

Zerebro Founder Is Back With New AI Token After Faking Death

Jeffy Yu, creator of the AI musician Zerebro, released an AI-written manifesto and a new Solana meme coin, PLOI, which q... Read Summary

Dec 4, 7:19 pm

Decrypt

Bitnomial to Introduce Leveraged Spot Crypto Trading in the US Under CFTC Oversight

Bitnomial, overseen by the CFTC, will introduce spot crypto trading in the U.S., offering leveraged trading. The exchang... Read Summary

Dec 4, 5:56 pm

Coindesk

Blockchain-Fueled N3XT Bank Launched by Former Signature Bank Execs

N3XT, a new blockchain-powered bank founded by former Signature Bank executives, operates as a full-reserve bank under a... Read Summary

Dec 4, 5:47 pm

Decrypt

Bitcoin Giant Strategy Just Had Its Price Target Cut—Here's Why

TD Cowen analysts revised Strategy's price target to $500 due to stock price volatility and increased shareholder diluti... Read Summary