Latest Updates Around The World
Matt Hougan dismissed claims that Jane Street is orchestrating Bitcoin’s recent downturn, calling the recession “a classic crypto winter.” Matt Hougan, Chief Investment Officer at Bitwise, has pushed back on claims that trading firm Jane Street is behind Bitcoin’s recent decline. He wrote on X on February 26 that the recession is “a classic crypto […]
The lawsuit filed by Terraform Labs’ liquidator seeks damages related to its alleged positioning before the collapse. Terraform Labs’ bankruptcy administrator has filed a lawsuit against Jane Street, alleging that the company used insider information to profit from and accelerate Terra-Luna’s collapse. The lawsuit alleges that these transactions came at the expense of investors and […]
A federal judge condemned Do Kwon’s “epic fraud” and sentenced him to 15 years for misleading investors during TerraUSD’s catastrophic collapse. Do Kwon, the controversial founder of Terraform Labs and the architect behind failed crypto assets TerraUSD and Luna, received a 15-year federal prison sentence on Thursday. U.S. District Judge Paul A. Engelmayer called the […]
