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Terraform Labs Co-Founder Indicted for Terra Stablecoin Collapse
Shin Hyun-seong, co-founder of Terraform Labs, has been indicted along with nine other individuals for the collapse of the Terra stablecoin ecosystem. They are accused of fraud, breach of trust, and embezzlement, with illicit profits of nearly $350 million suspected. Prosecutors have seized assets worth a total of $180 million.
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Security Compliance Firm Seon Pulls $93m from Investors Backed by IVP
Seon, a United Kingdom-based fintech security and compliance platform has pulled over $93 million in a Series B funding round from investors led by IVP, a Silicon Valley-based investment firm.