ChainCatcher news, according to RootData data, in April 2023, the financing in the cryptocurrency sector was $814 million, a decrease of approximately 77.6% compared to $3.623 billion in April 2022. In addition, the number of financing rounds dropped from 186 to 106 in April, a year-on-year decrease of about 43.1%.It is reported that the stablecoin UST began to de-peg on May 10, 2022, leading to the collapse of the Terra blockchain, which had a market capitalization of about $41 billion. On November 11, 2022, the FTX exchange, valued at $32 billion, announced bankruptcy. (source link)

According to ChainCatcher, as reported by Blockworks, New Jersey resident Taewoo Kim filed a new lawsuit against Jump Trading on May 9 on behalf of investors affected by the previous Terra incident, accusing Jump Trading of playing a role in aiding and abetting a fraudulent scheme involving Terra, resulting in investors losing at least $40 billion.It is reported that since November 2019, a series of agreements were reached between former Terraform CEO Do Kwon and Jump, whereby Jump was entitled to acquire LUNA Tokens at a significant discount as compensation for providing market-making services for LUNA and UST. Subsequently, Jump made over $1.28 billion in profit by selling the LUNA Tokens acquired at a significant discount. (Source link)

ChainCatcher news, according to South Korean media ilyo, the Seoul Southern District Court rejected the prosecution's appeal for the confiscation request against Terraform Labs co-founder Daniel Shin, ruling that the cryptocurrency Luna is not a security.The court stated, "It is difficult to conclude that Luna Coin is a financial investment product regulated by the Capital Markets Act." Other courts in the Southern District also expressed reservations about whether Luna is a security when rejecting the arrest warrant, including "jurisprudentially controversial" and "whether it can be used is questionable under the Capital Markets Act." (source link)

ChainCatcher news, according to CoinMarketCap data, the total market capitalization of USDT has reached 81.4 billion dollars. Last May, when the Terra collapse prompted investors to sell off cryptocurrencies en masse, USDT peaked at around 83 billion dollars.In addition, the market capitalization of USDT fell by nearly 20% in the second quarter of 2022. In the wake of this year's hits to USDC and BUSD, USDT is about to recover all the market value lost after the collapse of the Terra algorithmic stablecoin. (source link)

ChainCatcher news reports that South Korean prosecutors have discovered that shortly before the collapse of Terra, Do Kwon transferred 9 billion won (approximately 7 million USD) to a major South Korean law firm, Kim & Chang. Prosecutors are tracing the source of this money. South Korean prosecutors state that this suggests Do Kwon was aware of the potential collapse of Terra in advance and prepared legal countermeasures. This can serve as another basis for proving that Do Kwon is suspected of fraud. (KBS)

ChainCatcher news, a relevant person from the Southern District Prosecutors' Office in Seoul, South Korea, refuted the claim made by the Montenegrin Ministry of Justice that "the U.S. extradition request for Terraform Labs CEO Do Kwon was made before South Korea." The person stated, "Our Ministry of Justice submitted a request for the extradition of the criminal to Montenegro on March 24, while the U.S. made its request on the 25th. The day after Do Kwon was arrested on March 23, the Ministry submitted the extradition request via email and international courier." He also mentioned that the final extraditing country will be determined by the Montenegrin court, and it cannot be said which country would benefit. (source link)

ChainCatcher news, the Podgorica court in Montenegro rejected the appeal by Terraform Labs CEO Do Kwon against the court's decision to extend his detention. The court explained the reasons for dismissing Do Kwon's appeal, stating, "There is no reason to believe that he does not pose a flight risk, as he is a foreigner residing temporarily in Montenegro."In addition, local investigative authorities confiscated multiple passports held by Do Kwon, some of which had different names, with the reason for confiscation being that he is listed on the Interpol Red Notice. The court added, "This means that if Do Kwon and his accomplices are released, they could easily leave Montenegro at any time."Do Kwon's accomplice was arrested on the 23rd while attempting to flee from Podgorica Airport in Montenegro to Dubai on a private jet and is currently detained for 30 days. (source link)

ChainCatcher news, Montenegro's Minister of Interior Filip Adzic tweeted that Terra founder Do Kwon has been arrested in Montenegro. (Source link)

ChainCatcher News, the U.S. Securities and Exchange Commission (SEC) has filed a lawsuit in the Southern District of New York, accusing Singapore-based Terraform Labs and Do Kwon of orchestrating a multi-billion dollar cryptocurrency securities fraud involving algorithmic stablecoins and other cryptocurrency securities, in violation of the registration and anti-fraud provisions of the Securities Act and the Exchange Act. (Source link)

ChainCatcher news, South Korean prosecutors and Justice Ministry officials traveled to Serbia last week to seek assistance in capturing Terra founder Do Kwon. The Seoul Prosecutor's Office has confirmed this news, while the prosecutor's office and the Justice Ministry declined to comment on Do Kwon's exact location.Previously, in December 2022, sources indicated that Terra founder Do Kwon is currently hiding in Serbia, and the South Korean Justice Ministry is collaborating with the Serbian government on investigations, including whether he has any special accomplices within Serbia.Subsequently, on-chain data showed that after Do Kwon recently entered Serbia, he transferred 9.64 BTC (worth nearly $190,000 at the time) from the LFG wallet to the Binance wallet on November 8. This is the first time on-chain data has captured Do Kwon exchanging Bitcoin for cash, such as US dollars, during his time on the run. Additionally, Interpol issued a red notice for Do Kwon in September of the same year. (source link)

ChainCatcher message, the collateral liquidation protocol Kujira Network has integrated the Terra Builder Alliance module on the testnet, and currently, inter-chain liquidity protocol White Whale and liquid staking protocol Carbon have joined the alliance. (source link)