Terraform Labs has filed a motion in court claiming that Citadel may have a potential connection to the UST anchor detachment. The motion states, "Terraform points out that public evidence shows that Ken Griffin, the head of Citadel, plans to short UST during or before the anchor detachment in May 2022." It requests that Citadel Securities be forced to provide certain data based on a third-party subpoena and believes that this is "crucial" to its defense in the lawsuit brought by the US Securities and Exchange Commission against the company and its former CEO, Do Kwon.
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Terraform Labs files motion claiming Citadel Securities has potential ties to UST decoupling
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Cointime June 2 News Express
1.U.S. Senator: Purchased 3 Bitcoin mining machines and started mining in Texas2.Kaiko: Korean AI token weekly trading share rose to 18.7% in May3.The total market value of stablecoins is 160.583 billion US dollars, and USDT accounts for 69.59% of the market 4.Coinbase has a net outflow of 40,406 BTC in the past two months, worth $2.7 billion5.A whale has transferred 149.9 billion PEPE from Binance again, worth $2.3 million6.Bitcoin miners’ revenue fell sharply in May to $963 million, a 46% drop 7.The number of Bitcoin transactions on the chain reached 18.19 million in May, a record high8.The total open interest of BTC options on the entire network is $18.87 billion 9.Amber Group’s associated address deposited 2.96 million FRONT to Binance, worth $4.26 million10.US spot Bitcoin ETFs increased their holdings by 29,592 BTC in May -
Cointime June 1st News Express
1. Paradigm researcher: Uniswap postponed the vote on "UNI staking and delegation rewards" because a certain VC was putting pressure on it -
Paradigm researcher: Uniswap postponed the vote on "UNI staking and delegation rewards" because a certain VC was putting pressure on it
According to Paradigm researcher Dan Robinson's post on X regarding the "Uniswap postpones UNI staking and delegation reward voting scheduled for Friday" issue, he said, "It is disappointing that a large VC attempted to manipulate the token governance process at the last minute and delay community proposals to advance their own 'pet' project." Dan Robinson did not specify which VC it was. -
Polyhedra responds to Matter Labs: Do not implement monopoly in the name of community and industry development, and hope to withdraw the ZK trademark application
Polyhedra Network has responded to a series of commitments previously made by Matter Labs regarding the ZK trademark on the X platform as follows: -
Frax official X account has been stolen, please do not click any links
Sam Kazemian, founder of Frax Finance, stated that the official Frax X account has been hacked. Users are advised not to click on any links. -
Taiko: Token discount transactions from specific entities are not officially authorized, please evaluate unilateral statements with caution
Taiko stated that any token discount transactions from specific entities are independently managed and not authorized by Taiko. Taiko reminds users to be cautious and carefully evaluate any one-sided statements if a community emphasizes its relationship with the official platform. -
Cryptocurrency firm Terraform Labs and its founder Do Kwon committed fraud
The US Securities and Exchange Commission (SEC) ruled that the actions of cryptocurrency company Terraform Labs and its founder Do Kwon constitute fraud. The company's bankruptcy in 2022 resulted in a loss of $40 billion in investor funds. -
Do Kwon will go on trial in Manhattan on Monday
Terraform Labs and its founder Do Kwon will face trial in Manhattan on Monday, accused by regulators of lying to investors about the collapse of the company's two cryptocurrencies, LUNA and UST, which disrupted the market in 2022. Regulators also accuse them of falsely claiming that Terraform's blockchain was used for a popular mobile payment app in Korea. Do Kwon will not attend the trial. He was arrested in Montenegro last March and is awaiting extradition back to his home country of South Korea, where he faces criminal charges. A court in Montenegro postponed his extradition on Friday, citing concerns from the country's prosecutor's office about the extradition process. -
Do Kwon will be released from Montenegro prison but will not be allowed to leave the country
Do Kwon, co-founder of Terraform, will be released from prison in Montenegro, but due to several criminal charges brought by national authorities, he will remain in the Balkans. The High Court of Montenegro ordered the confiscation of Kwon's passport on Friday to prevent him from leaving the country. According to the court's order, Kwon will leave Spuž prison on Saturday. The prosecutor opposes extraditing Kwon to South Korea and would prefer him to be sent to the United States, where he could face a longer sentence if convicted. -
Terra co-founder Do Kwon released, awaiting Supreme Court extradition decision
Market news: Terra co-founder Do Kwon has been released and is awaiting the extradition decision of the Supreme Court.
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