The man behind Terra’s not-so-stablecoin is back

Welcome back. This week, Jacquelyn and Anita ran the show while Lucas was out. We recapped a must-watch interview by Coinage with Do Kwon, the now-infamous founder of Terraform Labs whose algorithmic stablecoin de-pegged from the U.S. dollar, sending the crypto markets into chaos. This was Kwon’s first interview since the coin’s collapse in May, which wiped out some $60 billion in value. Is he remorseful? Aren’t the authorities after him? We got into all those questions and more.We also discussed acquisition drama for the second week in a row, this time between Galaxy Digital and crypto custodian BitGo. Finally, we went through news of recent, highly secretive layoffs at Crypto.com as the exchange looks to expand its user base abroad.Subscribe to the Chain Reaction newsletter to dive deeper: https://techcrunch.com/newslettersHelpful links:https://techcrunch.com/2022/06/16/cryptos-emphasis-on-community-could-lead-followers-off-a-cliff/https://techcrunch.com/2022/05/25/terra-community-passes-proposal-to-revive-luna-cryptocurrency-following-stablecoin-led-implosion/https://techcrunch.com/2022/07/27/ftx-ceo-leads-trustless-medias-seed-round-to-help-build-community-owned-web3-shows/https://techcrunch.com/2022/08/15/galaxy-digital-calls-off-its-1-2-billion-acquisition-of-bitgo/
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