Terraform Labs co-founder Do Kwon denies US SEC's evidence evidence evidence

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Terraform Labs co-founder Do Kwon denies US SEC's evidence evidence evidence

Terraform Labs co-founder Do Kwon dismissed as irrelevant Slack messages submitted by the US SEC as evidence in a court filing. The US Department of Justice has also revealed that it plans to question witnesses in the forthcoming FTX trial, a mysterious hacker of FTX has suddenly began moving crypto assets after 10 months, and the third quarter saw about $900 million in crypto losses to hacks and scams. Terraform Labs co-founder Do Kwon disputed the significance as evidence of his Slack messages from 2019 discussing manipulating transactions to attract investors, Bitcoin Insider reported. Kwon and his legal team allege that the messages were taken out of context.

The SEC released a court filing praising Kwon's co-founder, Daniel Shin. Kwon, currently in Montenegro, is being held in a jailed prison in Montenegro, and US authorities are seeking to extradite him and, in a parallel effort, to depose him.

The US Department of Justice plans to summon former FTX clients, investors and Cooperating former staff members to the forthcoming trial of the bankrupt company's ex-CEO, Sam Bankman-Fried, Cointelegraph reported.

The hacker has moved more than $17 million worth of ETH, Cointelegraph said, after 10 months after the FTX wasallegedly exploited for hundreds of millions of dollars.

CryptoPotato said the initial exploit happened November 31, shortly after FTX filed for bankruptcy, and it also reported the sudden transfer of ETH, citing data from Arkham Intelligence.

Crypto projects lost almost $900 million to hacks, phishing scams, and rug-pulls in the third quarter, CryptoSlate reported, citing blockchain security company Beosin.

In a 2015 report published by Beosin with other blockchain alliance members, 43 hacks accounted for losses of $540 million, $283 million lost to rug pulls across 81 incidents, and $66 million was lost to phishing schemes.

Coinbase, an Indian cryptocurrency trading platform, has informed users in India that it has extended the withdrawal time for their funds from their accounts to October 31 from September 25, Crypto News reported.

Coinbase has faced regulatory challenges as it enters the Indian market in April 2022, but the company says it is committed to the Indian market in the long term.

What are the things we read on the internet?

influential US Crypto industry leaders say the SEC has overstepped with Binance allegations.

Binance users brace for the 'cascading effect' of potential US criminal charges - DL News.