📰 Terra Projects Migrating to Polygon

📝 In a much-publicized disaster this May, the Terra network crashed. Now, more than 48 projects which previously ran on Terra have relocated to Polygon.

Polygon is Ethereum’s layer-2 scaling solution. Its Terra Developer Fund seems to be the key factor responsible for projects’ relocation.

An NFT marketplace OnePlanet has also significantly stimulated the relocation. Its…

🏷️ #oneplanet #polygon #terra

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📰 South Korean Investigators Raided Seven Crypto Exchanges

📝 The government agents have carried out a raid operation in South Korea. They’ve targeted seven prominent crypto exchanges. The goal of the raids was to find relevant information pertaining to the crash of Terraform Labs’ coins UST and Luna.

More specifically, the investigators are trying to deduce whether Terra’s collapse was intentionally orchestrated by Do…

🏷️ #south_korea_crypto #terra #Terraform_Labs

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📰 South Korea to change crypto legal framework

📝 South Korean authorities are proposing to widen the current Digital Assets Bill due to the security issues in the wake of the FTX collapse.

The politician Yoon Chang-hyun is currently working with authorities on amendments to prevent the re-occurrence of FTX-like cases. With a new revision, local regulators such as the Financial Services Commission and…

🏷️ #crypto_regulation #FTX #Terra_LUNA

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📰 Su Zhu blames FTX and DCG in Terra LUNA collapse

📝 The tension💥 between Su Zhu, Gemini, and Digital Currency Group (DCG) just keeps getting juicier! Zhu, co-founder of Three Arrows Capital (3AC), is accusing DCG of conspiring with FTX to profit from the collapse of Terra Classic (formerly LUNA).

In the midst of all this, Gemini clients are suing Genesis (lender to frozen Gemini Earn product) for alleged insolvency and selling unregistered 🧐 securities in collusion with DCG.

Will this ongoing #cryptodrama ever end? Stay tuned!

🏷️ #3ac #DCG #FTX #gemini #genesis #Terra_LUNA

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📰 SEC suing Do Kwon and Terraform Labs for misleading investors

📝 🚨SEC's lawsuit against Do Kwon for "multi-billion dollar crypto asset securities fraud"🤯 could set a precedent for stablecoin issuers. But where is Do Kwon?🤡

🏷️ #Luna #SEC #terra

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📰 Terra founder Do Kwon to be released on bail in Montenegro

📝 The court agreed to payout of 437K, 💰💰 forgetting the fears that Do Kwon might flee the country. Is this legitimate given the most wanted? 🤔

🏷️ #bail #DoKwon #Luna #terra

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🏓 CZ's Rescue Rekt

Hey all. Today only the real cream of society. CZ and SBF, may two of them forget that I lined them up.

Finally, some crunch: Terra, Gemini and another algo stablecoin collapse.

Enjoy 🍿

🏷️ #sbf #binance #cz #gemini #terra #ftx

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