Bloomberg Tech

Do Kwon Sent Millions to Lawyers Before Collapse, KBS Reports

Terraform Labs Pte co-founder Do Kwon sent 9 billion won ($7 million) to a top South Korean law firm just before the collapse of the firm’s stablecoin terra and cryptocurrency luna, according to South Korean prosecutors, KBS News reported.

Ripplewood Considers Bid for Orange’s Banking Arm

US-based investment firm Ripplewood Advisors LLC is considering a bid for the digital banking arm of Orange SA, people familiar with the talks said, as the French telecom carrier’s search for a partner reaches its final stage.