South Korea

Terraform Labs Halts Terra Blockchain After Complete Collapse of UST and LUNA Destroys $40 Billion

2022-05-13 00:00:00 +0000 UTC | Importance: 10/10

Terraform Labs, led by Do Kwon, temporarily halted the Terra blockchain on May 13, 2022, after a catastrophic four-day collapse that wiped out nearly $45 billion in market capitalization and devastated hundreds of thousands of retail investors globally. LUNA, which traded at $119 in April and $87 on …

Do Kwon Terraform Labs Securities and Exchange Commission (SEC) CFTC Paul Engelmayer +2 more crypto regulatory-capture fraud stablecoin systemic-risk +4 more

Long-term Geopolitical Consequences of IMF Structural Adjustment

1999-03-25 00:00:00 +0000 UTC | Importance: 8/10

The IMF’s systematic economic intervention during the Asian Financial Crisis created lasting geopolitical shifts, fundamentally altering regional economic sovereignty. With $35 billion in financial support to Indonesia, Korea, and Thailand, the IMF implemented structural reforms that triggered …

IMF World Bank Asian Development Bank Emerging Asian Economies China +3 more geopolitical-transformation economic-sovereignty imf-intervention structural-adjustment trade-negotiations +1 more