South Korean Prosecutors Issue Arrest Warrant Against Terraform Labs CEO

Investigation teams from the Seoul Southern District Prosecutor's Office issued an arrest warrant against Do Kwon, co-founder, and CEO of Terraform Labs, over violation of the Capital Markets Act.

Algorand Foundation Reveals $35M Exposure To Hodlnaut

Algorand Foundation revealed it has a $35M USDC exposure to Hodlnaut. However, Algorand's short-term deposits are currently locked in Hodlanut as the latter halted all token swaps and withdrawals in August.

Hodlnaut Reveals Pending Proceedings With The Singaporean Police

Crypto lending platform Hodlnaut reveals the company has police proceedings with the Singapore Attorney-General and the Singapore Police Force.