Tuesday, September 16, 2025
  • Login
Euro Times
No Result
View All Result
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology
Euro Times
No Result
View All Result

Terraform Labs calls Do Kwon arrest warrant ‘unfair’ after denial of cashing out BTC; MEV bot loses $1M in an hour

by Zeynep Geylan
September 28, 2022
in Cryptocurrency
Reading Time: 4 mins read
A A
0
Home Cryptocurrency
Share on FacebookShare on Twitter


Xeggex

The biggest news in the cryptosphere for Sept. 28 includes Charles Hoskinson’s expectations that VCs would invest in Cardano in two years, how an MEV bot gained and lost around $1 million, and Do Kwon and LFG’s denial of transferring $69 million worth of Bitcoin to crypto exchanges KuCoin and OKX. 

CryptoSlate Top Stories

Hoskinson anticipates flood of VC money coming for Cardano by 2024

Input Output’s CEO Charles Hoskinson spoke at the Mainnet 2022 event that is taking place in New York. He mentioned that venture capitalists overlook the Cardano (ADA) ecosystem because they chase short-term profits.

With that being said, he added that things are about the change for the Cardano network in two years. He noted that VCs will get involved as the number of dApps increases in the Cardano blockchain. He said:

“Because there is something to invest in, there is something to connect to. So probably 2023, 2024.”

This MEV bot gained and lost over $1M in 1 hour

A Maximal Extractable Value (MEV) bot 0xbaDc0dE was a mempool bot that had been active on the Ethereum (ETH) for a few months. Among the 220,000 transactions it made, one generated a massive arbitrage, providing the bot with an 800 ETH profit.

However, the bot got exploited by a hacker and lost over $1 million, so the winning of the arbitrage lost its point.

Do Kwon, LFG deny cashing out 3313 BTC

Reportedly, South Korean authorities warned crypto exchange platforms KuCoin and OKX to freeze 3313 Bitcoins (BTC) because Terraform Labs founder Do Kwon and The Luna Foundation Guard (LFG) allegedly transferred that amount to their platforms.

The amount equates to roughly $69 million with the current BTC prices. The LFG and Kwon came forward today to deny moving $69 million to KuCoin or OKX.

BIS concludes CBDC pilot with cross-border payments totaling $22M transacted

The Bank for International Settlements (BIS) announced that it successfully completed a pilot Central Bank Digital Currency (CBDC) project that involved four Asian central banks.

The project is called mBridge, referring to Multiple CBDC, or mCBDC. According to the announcement, it has already facilitated $22 million worth of transactions during the pilot period.

Chainlink launches Economics 2.0 staking programs

Chainlink finally announced its staking reward programs, the SCALE and BUILD.

The Sustainable Chainlink Access for Layer 1 and 2 Enablement (SCALE) is a part of Chainlink’s Economics 2.0 project, which aims at enhancing the long-term utility of its oracle services. On the other hand, the BUILD was launched as a component of Chainlink staking targeting early-stage projects.

Klaytn launches gas fee rebate program for Web3 Gamers

Klaytn’s new program will allow web3 gaming companies to build on the Klaytn network to offset gs fees for gamers. This eliminates the necessity of purchasing crypto for gas payments before playing web3 games.

CFTC serves Ooki DAO members lawsuit via governance discussion forum

The Commodity Futures Trading Commission (CFTC) filed a lawsuit against Ooki DAO because the DAO didn’t have:

“Any listed headquarters or physical office location, mailing address, or a listed president, secretary, treasurer, or agent appointed to accept service.”

Ooki DAO hasn’t responded to the case yet.

Parallels drawn between exodus of crypto CEOs and pre-Covid departures

Analysts from Reflexivity Research identified five crypto CEOs who resigned from their positions and asked -who’s next?

Many prominent names from the crypto community responded. While some argued that CEOs are prone to chase cash and that the crypto market was failing to provide it, others pointed at the upcoming regulations and said they frightened the former CEOs.

Research Highlight

British pound drops to all time lows against the dollar

The historically-stable British Pound (GBP) has fallen to its lowest against the U.S. Dollar (USD) on Sept. 28.

GBPUSD (via tradingview)

CryptoSlate analysts took a deep dive into the subject to discover that the GBP has been following a downward trend against the USD since the 1990s. The falling of the pound accelerated after the major tank in 2008.

As the pound began to lose its stability, people started to look at other alternatives, such as Bitcoin. On Sept. 26, BTC/GBP trading volume increased by over 1,200%.

News from around the Cryptoverse

Terraform deems South Korea’s Do Kwon arrest warrant ‘unfair’

Terraform Labs described the South Korean prosecutor’s arrest warrant for its CEO Do Kwon as an overreach of their authorities and claimed that Luna was not a security, so South Korea’s capital-markets law did not cover it, The Wall Street Journal reported.

Crypto Market

In the last 24 hours, Bitcoin (BTC) increased by 2.47% to reach $19,541, while Ethereum (ETH) also increased 1.09% to be traded at $1,335.

Biggest Gainers (24h)

Biggest Losers (24h)

Get an Edge on the Crypto Market 👇

Become a member of CryptoSlate Edge and access our exclusive Discord community, more exclusive content and analysis.

On-chain analysis

Price snapshots

More context

Join now for $19/month Explore all benefits



Source link

Tags: arrestBotBTCCallscashingDenialHourKwonLabslosesMEVTerraformunfairwarrant
Previous Post

ESG without returns ‘simply not sustainable’: investor Lauren Taylor Wolfe

Next Post

China’s central bank PBOC warns against yuan speculation

Related Posts

London Stock Exchange Debuts First Blockchain-Powered Fundraising

London Stock Exchange Debuts First Blockchain-Powered Fundraising

by Jared Kirui
September 15, 2025
0

The London Inventory Alternate (LSEG) has accomplished its first blockchain-powered transaction, marking the launch of its new digital markets platform....

Hot and Cold Crypto Wallet: Which One is Safer and Smarter in 2025 | by Swapan Das | The Capital

Hot and Cold Crypto Wallet: Which One is Safer and Smarter in 2025 | by Swapan Das | The Capital

by Swapan Das
September 10, 2025
0

Press enter or click on to view picture in full measurementpicture edit by Creator utilizing CanvaThose that are investing or...

Germany’s Biggest TV Channel Features Ripple, XRP On Air

Germany’s Biggest TV Channel Features Ripple, XRP On Air

by Christian Encila
September 5, 2025
0

Ripple and its native token XRP have been given uncommon mainstream publicity on German finance channel Der Aktionar TV. In...

Incremental Learning in AI 2025: Overcoming Catastrophic Forgetting & Boosting Efficiency | BitX Case Study

Incremental Learning in AI 2025: Overcoming Catastrophic Forgetting & Boosting Efficiency | BitX Case Study

by Euro Times
September 4, 2025
0

Navigating the Shift from Static Models to Dynamic, Lifelong Learning Systems 1. Why AI Needs to Evolve: Beyond Static Intelligence...

12 Months of Crypto in 2 Columns: 5-Digit Winners and Double-Digit Losers

12 Months of Crypto in 2 Columns: 5-Digit Winners and Double-Digit Losers

by Jamie Redman
August 31, 2025
0

Crypto’s final 12 months delivered excessive dispersion, with a cluster of tokens posting four- and five-digit positive factors whereas a...

BitX Mining & BitX V2 Accelerator: Driving AI-Powered Web3.0 Growth in Turkey and Iran

BitX Mining & BitX V2 Accelerator: Driving AI-Powered Web3.0 Growth in Turkey and Iran

by Euro Times
September 1, 2025
0

BitX Mining is emerging as a global innovator in AI-driven Bitcoin mining technology, introducing solutions that redefine efficiency, accessibility, and...

Next Post
China’s central bank PBOC warns against yuan speculation

China's central bank PBOC warns against yuan speculation

This Cycle Of Retaliation Between The U.S. And Russia Will Ultimately Lead To Nuclear War – Investment Watch

This Cycle Of Retaliation Between The U.S. And Russia Will Ultimately Lead To Nuclear War – Investment Watch

RBI issues guidelines for payment aggregators, licence now mandatory

RBI issues guidelines for payment aggregators, licence now mandatory

September 16, 2025
Monday Night Football: How to Watch Buccaneers vs. Texans, Chargers vs. Raiders Tonight

Monday Night Football: How to Watch Buccaneers vs. Texans, Chargers vs. Raiders Tonight

September 16, 2025
5 Ways Soaking Almonds Could Make Them Healthier

5 Ways Soaking Almonds Could Make Them Healthier

September 16, 2025
Trump says US struck another Venezuelan drug vessel, killing three | News

Trump says US struck another Venezuelan drug vessel, killing three | News

September 15, 2025
How to install a smart light switch or dimmer

How to install a smart light switch or dimmer

September 15, 2025
ITR Filing Deadline Extended Till Sept 16 Amid Complaints Of Glitches On E-Filing Portal

ITR Filing Deadline Extended Till Sept 16 Amid Complaints Of Glitches On E-Filing Portal

September 15, 2025
Euro Times

Get the latest news and follow the coverage of Business & Financial News, Stock Market Updates, Analysis, and more from the trusted sources.

CATEGORIES

  • Business
  • Cryptocurrency
  • Finance
  • Health
  • Investing
  • Markets
  • Politics
  • Stock Market
  • Technology
  • Uncategorized
  • World

LATEST UPDATES

RBI issues guidelines for payment aggregators, licence now mandatory

Monday Night Football: How to Watch Buccaneers vs. Texans, Chargers vs. Raiders Tonight

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 - Euro Times.
Euro Times is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology

Copyright © 2022 - Euro Times.
Euro Times is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In