Ethena Labs Divides Opinion as High Yield Stirs Memories of Terra
“A lot of things can go wrong,” in Ethena’s yield-generation strategy, said Folkvang CEO Mike van Rossum.
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Terra
“A lot of things can go wrong,” in Ethena’s yield-generation strategy, said Folkvang CEO Mike van Rossum.
The SEC accused Kwon and his company of misleading investors about the stability of their so-called “algorithmic stablecoin” Terra USD.
Montenegro’s Supreme Court placed a pause on Terra founder Do Kwon’s pending extradition from the Balkan country, issuing an order on Friday that overturns earlier decisions from two lower courts to extradite Kwon to his native South Korea.
Terraform Labs co-founder Do Kwon’s pending extradition to South Korea has apparently been put on ice following a legal challenge issued Thursday by Montenegro’s top prosecutor.
Kwon successfully appealed a previous decision by the same court to send him to the U.S. instead.
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The appeal is a minor victory for Kwon, who initially won an appeal in November only for it to be subsequently overturned.
The founder of Terraform Labs was sentenced to four months in prison, and faces extradition following the completion of his sentence.
The request follows a move by Kwon’s defense team to do the same.
Citadel said the claims by Terraform was filed to “deflect attention” from its alleged charges.