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This Week on Crypto Twitter: Gary Gensler May Want Ethereum Under SEC Control, Tonga to Make Bitcoin Legal Tender

Terra s Do Kwon reportedly seeks assistance from Korean law firm as investigation heats up

Do Kwon s Terraform Labs accused of laundering $4 8 million via a Korean shell company

After the collapse of the Terra (LUNA) ecosystem and accusations of fraud, Terraform Labs is in the spotlight this time for money laundering.

Terra-Based Mirror Protocol Averts Crisis but $2M Drained Nonetheless

An analyst revealed that the developers of the DeFi app who were "MIA" had reportedly averted a major crisis, but $2 million were drained nonetheless.

InsurAce says it will pay millions to claimants after Terra s collapse

InsurAce abruptly reduced the claims period for those with covers on Terra following the collapse of the Terra protocol, which drew negative attention from the crypto community. The protocol says it has already processed nearly every claim submitted.

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