Crypto Investor Newsletter: Disney, Australia, and China’s Digital Yuan

Welcome to the crypto investor.

last month, Do Kwonthe disgraced co-founder of Terraform Labs, resurfaced in the news with claims he was not a fugitive on the run. Without revealing his present location of him (which is of great interest to law enforcement authorities), the poster boy for the perils of algorithmic stablecoins took to Twitter to casually announce that he was, unsurprisingly, a law-abiding citizen fully cooperating with authorities – just with an Interpol red notice targeting him worldwide and South Korea initiating a request to cancel his passport.

Earlier this year, Kwon oversaw the spectacular collapse of the TerraUSD stablecoin, which wiped out $60 billion from investors’ bank accounts. Since then, the developer has stunned Twitter audiences with his risible explanations of how he spends his time: “I go on walks and [to] malls,” Kwon claims. He’s also making light of the Interpol red noticetweeting: “For something that has notice in the name, it sure gives no notice.”

The elusive founder might be able to joke on Twitter, but with South Korean prosecutors eager to use every tool at their disposal to bring about accountability and justice, Kwon is probably not going to be able to shake off legal action much longer.

In this newsletter, stay tuned for a round-up of this week’s crypto developments, including a look at what’s happening with central bank digital currencies (CBDCs) around the world and the metaverse. We also have an interview on crypto investing and how the war in Ukraine impacts crypto holdings with the Carlyle Group’s co-founder David Rubinsteinthe billionaire author of the new book How to Invest: Masters on the Craft.

Welcome to the crypto investor.

last month, Do Kwonthe disgraced co-founder of Terraform Labs, resurfaced in the news with claims he was not a fugitive on the run. Without revealing his present location of him (which is of great interest to law enforcement authorities), the poster boy for the perils of algorithmic stablecoins took to Twitter to casually announce that he was, unsurprisingly, a law-abiding citizen fully cooperating with authorities – just with an Interpol red notice targeting him worldwide and South Korea initiating a request to cancel his passport.

Earlier this year, Kwon oversaw the spectacular collapse of the TerraUSD stablecoin, which wiped out $60 billion from investors’ bank accounts. Since then, the developer has stunned Twitter audiences with his risible explanations of how he spends his time: “I go on walks and [to] malls,” Kwon claims. He’s also making light of the Interpol red noticetweeting: “For something that has notice in the name, it sure gives no notice.”

The elusive founder might be able to joke on Twitter, but with South Korean prosecutors eager to use every tool at their disposal to bring about accountability and justice, Kwon is probably not going to be able to shake off legal action much longer.

In this newsletter, stay tuned for a round-up of this week’s crypto developments, including a look at what’s happening with central bank digital currencies (CBDCs) around the world and the metaverse. We also have an interview on crypto investing and how the war in Ukraine impacts crypto holdings with the Carlyle Group’s co-founder David Rubinsteinthe billionaire author of the new book How to Invest: Masters on the Craft. Subscribe for full article

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