The man behind the Terra Luna collapse is in the news again. SEC has charged him for fraud and misleading investors in the U.S. and abroad. in this segment we explore how SEC charges have impacted the global stablecoin market.
1. Do Kwon transferred over 10,000 BTC from Terraform and LFG.
2. Do Kwon converted $100 mn worth of BTC into fiat through Swiss Bank.
3. Jump Crypto benefitted $1.28 bn from Terra Luna Collapse.
4. Tether added $1.9 bn to its market cap due to Terra's SEC charge.
5. Circle USD Coin added $700 mn to its mkt cap which now stands at $42bn.
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#SEC, #DoKwon,#TerraLuna, #TerraClassic, #Tether, #USDT, #USDC, #Circle, #LUNC, #LUNA
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