Crypto Man: A Peek Into Korea's Crypto Obsession, Inspired by the 2022 Terra Crash?
The highly anticipated South Korean film Crypto Man inspired by real events surrounding a $50 billion Won cryptocurrency crash is set to hit theatres in Jan 2025.

The highly anticipated South Korean film Crypto Man inspired by real events surrounding a $50 billion Won cryptocurrency crash is set to hit theatres in Jan 2025.
Despite his imprisonment, it is reported that Do Kwon, the disgraced founder of Terra, managed to make multiple cryptocurrency payments while in custody in Montenegro.
The Terra blockchain suffered a security breach due to a missed patch, resulting in a significant loss of tokens. The platform is implementing emergency measures to prevent future attacks.
Billion-dollar bombshell: Do Kwon and Terraform Labs embroiled in $4.5 billion SEC penalty! Explosive new evidence suggests a shocking conspiracy behind the catastrophic collapse of Terra, LUNA, and UST. Could Do Kwon and Daniel Shin orchestrate the fall of Terra from the beginning?
The federal regulator established that the stablecoin issuer and its founder provided misleading information to investors.
Prosecutors seek stricter bail conditions for Binance founder Zhao, citing flight risks due to wealth and connections. Despite legal hurdles, Binance saw a 30% increase in users, potentially boosted by smooth leadership transitions and Zhao's positive reputation.
Terraform Labs founder Do Kwon went from being a billionaire to Montenegro jail. What happened?
Earlier on 19 August, the network had issued a warning to its users, advising them to avoid interacting with any website utilizing the terra(dot)money domain until the platform regained full control of the website.
The United States Securities and Exchange Commission (SEC) has amplified its scrutiny of Terraform Labs by forming a partnership with the South Korean government.
The U.S. non-farm employment data for April fell short of expectations, with an increase in unemployment and a slowdown in wage growth, reigniting market expectations for a Federal Reserve rate cut this year. This week, all three major stock indices recorded gains for the second consecutive week; U.S. bond yields plunged over 10 basis points, with two-year yields dropping more than 20 basis points in three days, marking the largest drop since January; the U.S. dollar index reached a three-week low since the March CPI announcement, while USD/JPY rebounded over 1% during the session to regain 152.
The large crypto exchange Bitfinex has experienced a data leak involving up to 400,000 user accounts and passwords, with hackers attempting to log in.
At Berkshire Hathaway's annual meeting, Buffett mourns Munger's passing and warns of AI-driven scams while Berkshire's stock rises but deal activity slows, prompting questions about its future without Munger.
New data reveals less than 10% of stablecoin transactions are organic, highlighting discrepancies but also steady user growth, with 27.5 million active users across all chains.
Bitget Wallet's comprehensive Web3 services and enhanced security features drive 300% growth in the MENA region, with Egypt and Saudi Arabia leading adoption.
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GBTC, once dominant, faces new competition from spot Bitcoin ETFs but shows a glimmer of hope with a recent inflow of funds, as Bitcoin surpasses one billion transactions, signaling potential for growth and evolution in the crypto investment landscape.
Justin Sun's $376M deposit in Swell L2 highlights his belief in liquid staking's potential, putting this DeFi niche on the radar of major players.
Sui clarifies Mysten Labs' role in token allocation, emphasizing transparency to reassure stakeholders that founders don't control supply despite their significant staked holdings.
Bernstein reiterated in a report that Bitcoin is regaining momentum and will return to the $150,000 trajectory next year. The company's senior analyst Gautam Chhugani explained that the recent dip in Bitcoin to $57,000 doesn't imply a permanent decline.