NY Attorney General sues crypto trader NovaTech, claims $1B fraud
Two people took in $1 billion in crypto deposits and traded $26 million of it, the suit alleges. Go to Source
crypto collapse
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Terra co-founder Do Kwon says he’s not ‘on the run’
Kwon didn’t reveal his whereabouts in a series of Tweets responding to claims he fled Singapore after an arrest warrant was issued on Wednesday. Go to Source Powered by WPeMatico
Terra fallout: Stablegains lawsuit, Hashed loses billions, Finder wrong and more….
Yield generation app Stablegains is facing a lawsuit after losing around $44 million worth of user funds in the Terra collapse when it previously said it allocated funds “across a number of stablecoins”. Go to Source Powered by WPeMatico
Bank of England’s Deputy Governor Says Crypto Collapse Plausible, Regulators Need to Urgently Establish Rules
Bank of England Deputy Governor Jon Cunliffe says that a collapse in the cryptocurrency market is certainly “plausible,” stating that regulators worldwide need to pursue crypto rules “as a matter of urgency.” While cryptocurrencies do not currently pose a threat to the country’s financial stability, the deputy governor says there are some “very good reasons” … Read more
