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Prime Core Faces $8M Loss Amid TerraUSD's Collapse
ustc

Prime Core Faces $8M Loss Amid TerraUSD's Collapse

Prime Core Technologies, parent of Prime Trust, experienced an $8 million financial setback due to investments in TerraUSD, a stablecoin, leading to bankruptcy proceedings in August 2023, highlighting the cryptocurrency market's volatility.

South Korea Launches “Emergency” Inspection of Crypto Exchanges Following Terra Crash
ustc

South Korea Launches “Emergency” Inspection of Crypto Exchanges Following Terra Crash

To boost investor protection following the recent collapse of LUNA and TerraUSD (UST) tokens, financial authorities in South Korea have beefed up crypto exchange inspections.

Thai Central Bank Issues Stern Warning about Thai Baht Digital (THT) Stablecoin
ustc

Thai Central Bank Issues Stern Warning about Thai Baht Digital (THT) Stablecoin

The Bank of Thailand is warning citizens against using the illegal THT stablecoin.

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