Do Kwon Denies Cashing Out $2.7B, Martin Lawrence Sells ADA NFTs, Houbi Global’s $1B Investment Arm
Do Kwon Denies Cashing Out $2.7B
Do Kwon, the founder of Terra Luna, has denied cashing out $2.7 billion before the Terra Luna crash in May. The accusations came from a Twitter thread by @FatManTerra. The Terra Luna critic accused Do Kwon of siphoning $80 million monthly using Degenbox, a DeFi lending platform.
Do Kwon refuted the allegations on Twitter, claiming that they were false. He also added that he earned a nominal salary and refused to take most of his founder’s tokens. “Please say things that are proven and true - if you are spreading falsehood, that just adds to the pain of everyone who has lost. Thank you,” he said.
Since the Terra Luna crash, Terraform Labs emmployees are facing scrutiny from authorities in South Korea. The company is also under subpoenae by the SEC.
Martin Lawrence Sells ADA NFTs
Martin Lawrence, the American actor and comedian, announced that he sold his first NFT on Twitter this Saturday. Lawrence launched a Cardano-powered NFT collection of 30 unique pieces called “Martin: The Reunion.” Buyers of his NFT collection will get an invitation to hang out with him at an exclusive Martin: The Reunion Premiere in Los Angeles.
Each piece is priced at 3000 ADA and features characters from Lawrence’s 90s iconic television show. Famous artists from Disney and Warner Bros designed the NFT collection.
Lawrence announced the partnership with NFT Maker during a twitter spaces conversion with Patrick Tobler, founder, and CEO of NFT Maker, and Charles Hoskinson, the founder of Cardano. The NFT pieces are available for sale on the Martin Lawrence website www.martincnft.com.
Huobi Global’s $1 Billion Investment Arm
Houbi Global, a cryptocurrency exchange, has announced a $1 billion investment arm called Ivy Blocks. Ivy Blocks will fund promising blockchain projects, focusing on decentralized finance (DeFi) and Web3 projects.
“Many promising projects tend to encounter liquidity constraints and a lack of go-to-market support, which presents significant barriers to growth. Our focus on providing such projects with liquidity investments and incubation services will no doubt contribute towards creating a better, more inclusive DeFi and web 3.0 blockchain ecosystem,” said Huobi CFO Lily Zhang.
Written by Lindi Miti © Crypto University 2022
Share Transmission
Broadcast this signal to your network
More News
South Africa's Draft Capital Flow Management Regulations: What Crypto Users Need to Know
SA's proposed Capital Flow Management rules could reshape how crypto users move money across borders. Here's what every South African holder needs to understand.
Quantum Computing and Crypto: What the 2026 Coinbase-Backed Post-Quantum Report Means for Bitcoin and Ethereum Holders
Coinbase’s 2026 quantum report explains why Bitcoin and Ethereum are safe today but why holders should prepare now. Simple risks, timelines, and beginner-friendly steps in plain English.
Hyperbridge Exploit on Ethereum
In the Hyperbridge exploit, attackers used a forged message to mint fake bridged DOT on Ethereum and steal $237K. Native Polkadot stayed completely safe. Simple lessons for beginner traders on bridge risks and how to stay protected.