Do Kwon Faces Jail Time After Admitting Guilt in TerraUSD Collapse
Terraform Labs co-founder Do Kwon has pleaded guilty to two criminal charges in a U.S. federal court, marking a major development in the fallout from the 2022 collapse of the TerraUSD (UST) stablecoin and its sister token, Luna. Appearing before the U.S. District Court for the Southern District of New York, Kwon admitted to conspiracy […]
Safety Shot’s Stock Crashes 50% After $25M BONK Memecoin Bet
Shares of Safety Shot, a Nasdaq-listed wellness beverage maker, plunged by about 50% after the company revealed a major shift in its financial strategy, investing $25 million of its treasury into BONK, a Solana-based memecoin. The move is part of a new partnership with BONK’s founding team, aimed at integrating the company deeper into the […]
FTX Users Strengthen Lawsuit Alleging Law Firm’s Central Role in Exchange’s Fraud
FTX customers pursuing legal action against a prominent U.S. law firm have bolstered their case, claiming the firm was a key player in enabling and concealing the alleged multibillion-dollar fraud at the now-bankrupt cryptocurrency exchange. The plaintiffs representing thousands of former FTX users filed new court documents this week asserting that the law firm provided […]
Ethereum Dev Freed After 24-Hour Detention in Turkey
Ethereum core developer Federico Carrone, known in the crypto community by his online alias Fede’s Intern, has been released from Turkish custody after being detained for 24 hours at the İzmir border crossing. He announced on social media that he is now safe and free, expressing gratitude to a network of allies across multiple countries […]
Blue Origin Now Accepting Bitcoin, Ether, and USDt for Space Tourism Bookings
Jeff Bezos’ aerospace company, Blue Origin, is opening ticket sales to the cryptocurrency community, marking a notable convergence between space tourism and digital assets. The company has announced it will accept Bitcoin (BTC), Ether (ETH), and Tether (USDT) as payment for its suborbital flights aboard the New Shepard rocket. This move reflects the growing influence […]