May 19, 2022

The Daily Block Explorer - Issue #273

By The Daily Block Explorer • Issue #273 • View online

The math prodigy whose hack upended DeFi won’t give back his millions. Welcome to The Daily Block Explorer. A global view of the emerging distributed ledger economy …

Getting to know crypto bad boy Do Kwon. South Korea revives ‘Grim Reaper’ financial crimes unit to investigate Terra. The Crypto crash stokes some financial crisis fears. How corrupt is crypto? Russia just legalized it.

South Korea revives 'Grim Reaper' financial crimes unit to investigate Terra's collapse — The Block Crypto

Teraform Labs CEO Do Kwon is also facing fines for alleged tax evasion, according to local media reports.

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The Crypto Cult of Do Kwon: ‘If It Was a Ponzi Scheme, They Did a Good Job’ — New York Magazine

The volatile, charismatic founder created a $60-billion empire by calling people “poor.” It all came crashing down in a couple of days.

nymag.com • Share

How a Trash-Talking Crypto Founder Caused a $40 Billion Crash — The New York Times

Do Kwon, a South Korean entrepreneur, hyped the Luna and TerraUSD cryptocurrencies. Their failures have devastated some traders, though not the investment firms that cashed out early.

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The Math Prodigy Whose Hack Upended DeFi Won’t Give Back His Millions — Bloomberg

An 18-year-old graduate student exploited a weakness in Indexed Finance’s code and opened a legal conundrum that’s still rocking the blockchain community. Then he disappeared.

www.bloomberg.com • Share

Russia To Legalize Cryptocurrency As Form Of Payment, Minister Says — Bitcoinist.com

Since January 1 of last year, cryptocurrencies have been legal in Russia, however, they cannot be used to purchase goods or services.

bitcoinist.com • Share

As the crypto market crashes, some fear a larger financial crisis could follow — NBC News

The cryptocurrency market dropped by almost $2 trillion since its peak in November. How would a crypto crash affect the economy at large? Experts weigh in.

www.nbcnews.com • Share

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By The Daily Block Explorer

Welcome to The Daily Block Explorer. Your global view of the emerging distributed ledger economy.

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