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Do Kwon to Be Released on €400,000 Bail, Pleads Not Guilty in Montenegro


Terraform founder Do Kwon will be released from jail but placed under police surveillance at a local residence, a Montenegrin court has decided. The trial against him and another Korean, on charges of travelling on false documents, opened on Thursday with both pleading not guilty. Court Grants Bail...

Musk Hires New CEO for Twitter, ‘She Will Be Starting in 6 Weeks’


Billionaire investor Elon Musk will be stepping down as chief executive of Twitter and taking on other roles in the company. The owner of the microblogging platform revealed he has hired a new CEO, media executive Linda Yaccarino, who should be at the helm of the social media giant in less than...

Biggest Movers: SHIB, DOGE Near Multi-Month Lows, as Musk Finds New Twitter CEO


Shiba inu moved close to a five-month low on Friday, as meme coins reacted to news that Elon Musk has found a new Twitter CEO. Musk tweeted, “Excited to announce that I’ve hired a new CEO for X/Twitter. She will be starting in ~6 weeks.” Dogecoin neared a two-month low today. Shiba Inu (SHIB) Shiba...

Disney War Continues As CEO Punches Back At Florida Gov. DeSantis


Disney CEO Bob Iger verbally pushed back against Florida Governor Ron DeSantis and his ongoing war against Disney World and the company, pointing out all the taxes his corporation pays the state and rhetorically asking if Florida still wants its business and all the money that entails. Read more

Terraform Labs CEO Do Kwon Pleads Not Guilty to Forged Passport Charges


Terraform Labs co-founder Do Kwon pleaded not guilty to allegedly using false passports from Belgium and Costa Rica on Thursday in a Montenegro court, according to Bloomberg News.  Kwon had been on the run for months after the demise of Terraform Labs, the company behind the algorithmic stablecoin...

Seoul Court Greenlights Seizure of Do Kwon’s Assets Worth $176 Million


According to a local report, South Korean prosecutors have been given the green light by the Criminal Division of the Seoul Southern District Court to seize assets owned by Do Kwon, the co-founder and former CEO of Terraform Labs. The report discloses that a total of 233.3 billion won ($176...

Elon Musk Shares ‘Massive Incentive to Move Money out of Bank Accounts’


Tesla and Twitter CEO Elon Musk has shared a “massive incentive” to move money out of bank accounts, citing a significant interest rate gap created by the U.S. Treasury and the Federal Reserve. “As more people & companies realize this, bank depositor flight will accelerate...

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