On Thursday, Stader Labs, a crypto firm building decentralized finance, or DeFi, products for proof-of-stake blockchain networks, announced that it raised $12.5 million in a private sale. The funding round was led by Three Arrows Capital with additional participation from Blockchain.com, Accomplice, DACM, GoldenTree Asset Management, Accel, Amber, 4RC, Figment, and anger … [Read more...] about Stader Labs announce $12.5 million strategic raise, receives praise from Terra founder Do Kwon
Kwon
Do Kwon, Terra Claim SEC Violated Procedure in Ongoing Legal Fight
Terraform Labs and its CEO, Do Kwon, are challenging the U.S. Securities and Exchange Commission (SEC), claiming the regulator improperly served Kwon subpoenas at Mainnet 2021 despite not having jurisdiction over Kwon or his company. They have asked a New York court to dismiss the subpoenas.Terraform filed a motion last Friday opposing an SEC effort to compel Kwon and Terraform … [Read more...] about Do Kwon, Terra Claim SEC Violated Procedure in Ongoing Legal Fight
Most Influential 2021: Do Kwon
The son of a pharmaceutical and medical equipment distributor, Kwon grew up traveling the world. He was a “nerd,” as a teenager, but “not nerdy,” he said. He liked reading, especially theoretical works, but didn’t get to “The Fountainhead” or “Atlas Shrugged” until college, when he roomed with the president of the Ayn Rand Society. He’s smart. He takes cues from other Silicon … [Read more...] about Most Influential 2021: Do Kwon
Terra’s Do Kwon Was Served by SEC, New Lawsuit Shows
“In a conversation on September 15, 2021, the SEC attorneys advised that they believe that some sort of enforcement action was warranted against TFL [Terraform Labs] and any cooperation, and implementation of remedial actions as to the Mirror Protocol, would result in a reduced financial sanction as part of any consent agreement,” according to the lawsuit. Source link … [Read more...] about Terra’s Do Kwon Was Served by SEC, New Lawsuit Shows