Galaxy Digital, the cryptocurrency investment firm led by Michael Novogratz, has reached a $200 million settlement with the New York Attorney General's office. This settlement follows allegations that the firm promoted the algorithmic cryptocurrency LUNA Terra while secretly profiting from the sale of millions of tokens. In line with typical ...
Bitcoin mining company Canaan has entered into a joint mining agreement with Texas-based crypto miner Luna Squares as part of its strategy to achieve a mining capacity of 10 exahashes per second (EH/s) by mid-2025. According to a November 20 press release, the partnership will focus on revenue-sharing from Bitcoin ...
South Korean prosecutors have indicted Terraform Labs co-founder Daniel Shin and nine others on charges of fraud, breach of trust, embezzlement, and violations of capital markets law. The charges come after a months-long investigation into the collapse of the Terra ecosystem, which caused the loss of tens of billions of ...
Daniel Shin, also known as Shin Hyun-Seong and one of the Terraform Labs co-founders, was summoned to court for questioning after new charges were filed against him and prosecutors sought an arrest warrant. On March 30, 2023, he appeared in court and answered several questions about his company and the ...
