Episode Details

This is part 31 of the crypto series. Do Kwon the founder and CEO of Terra Labs, which operated TerraUSD and Luna stablecoins, was found guilty and sentenced to 15-years in prison. The collapse of TerraUSD and Luna coins led to losses of approximately $40 billion dollars, and some believe was the impetus for the Crypto Winter of 2022. Crypto’s biggest players including Michael Saylor and Changpeng Zhao flew over to Abu Dhabi to woo potential Emirati investors for the crypto industry. Finally, the FDIC proposed a stablecoin application process for banks. This episode reviewed articles from The Wall Street Journal and S&P Global (subscriptions required).