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Jerome Powell Confusingly Calls Out DeFi for Lack of Transparency

The Breakdown

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Terraform Labs Founder, Do Kwan, Has Spoken Out Against His Persecuting

Terraform Labs has finally started to make statements. Founder, Do Kwan has spoken out against his persecution following the collapse of the lunatic ecosystem in May. A spokesperson for Terraform Labs said that South Korean prosecutors had demonstrated quote, unfairness and a failure to uphold basic rights guaranteed under Korean law. Last Sunday, Interpol issued a red notice asking global law enforcement to assist with Kwan's arrest after he was unable to be located in Singapore. On Tuesday, prosecutors sent requests to exchanges KuCoin and OKX to freeze 3,313 Bitcoin worth around 76 million.

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