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Interpol issues red notice for Terra crypto founder
Business · New York

Interpol issues red notice for Terra crypto founder

44% Center coverage: 23 sources
Do Kwon is sought by Interpol following arrest warrants issued earlier this month. South Korean authorities issued warrants for Kwon and five others on September 14. Kwon's firm Terraform Labs raised more than $200 million to build projects based on Luna, a cryptocurrency, and TerraUSD, an "algorithmic stablecoin" pegged to the value of a US dollar.See the Story
U.S. Crypto Asset Nomad Damages $190 Million in Theft
Business · New York

U.S. Crypto Asset Nomad Damages $190 Million in Theft

63% Center coverage: 19 sources
Nomad, a bridge protocol used for moving cryptocurrencies across different blockchains, has lost nearly $200M from hackers. The attack on Monday comes on the heels of a slew of similar high-profile events resulting in increased concerns about the evolving decentralized finance space. "We are working around the clock to address the situation and have notified law enforcement and retained leading firms for blockchain intelligence and forensics," the startup wrote Tuesday.See the Story
Singapore-based crypto lender Hodlnaut suspends withdrawals
Business · Singapore

Singapore-based crypto lender Hodlnaut suspends withdrawals

50% Center coverage: 10 sources
Singapore-based crypto lending platform Hodlnaut has become the latest firm to suspend withdrawals, and deposits blaming market conditions and lack of liquidity. The firm also stated that it has withdrawn its regulatory license application in Singapore and as a result, it would no longer be able to offer any token swaps features.See the Story

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