Narine Spence

[Miles Deutscher @milesdeutscher]

Do Kwon: Free
Sifu: Free
Alex Mashinsky: Free
Su Zhu: Free

Tornado Cash developer: Arrested

Crypto: The land where it’s okay to rug/swindle billions of $ from retail investors, but writing code to provide basic privacy is a jailable offence.

[Miles Deutscher @milesdeutscher]

27/ Unfortunately, these events are a bad look for the space and certainly hurt credibility.

But this great leverage reset is essential to ensure the long-term sustainability of the crypto market, as painful as it is in the short-medium term.

[Lyn Alden @LynAldenContact]

Terra's multi-billion dollar algorithmic stablecoin UST blew up today.

Aside from destroying the value of $LUNA, they used their bitcoin reserves to try to defend the peg, kind of like a flailing emerging market using its gold reserves to defend its FX.