💵Do Kwon has pleaded guilty

Terraform Labs co-founder Do Kwon, accused of fraud amounting to around $40 billion, has officially pleaded guilty to two charges—conspiracy to commit fraud and fraud using electronic communications. Under the agreement, he faces no more than 12 years in prison; sentencing is set for December 11.

🐷Fraud through WhatsApp romance: "pig on feed"

A resident of Turkey, Ahmet Tozal, lost all his savings (about 400,000 lira) after becoming a victim of crypto fraud through WhatsApp. The scammer, using names like "Dora," convinced him to invest in a non-existent cryptocurrency, UAI Coin. The deception affected many, and fake photos of a stolen blogger made her an unwitting victim of this story.

👑"Crypto King" is accused of torture

American John Völtz, dubbed "Crypto King" due to his seemingly $100 million fortune, and his accomplice are accused of torturing an Italian trader to find out the password to his BTC wallet. Völtz was released on bail secured by his parents ($1 million and a house), with the next court date set for October 15.

🪙Bitcoin breaks the high, then corrects

Last week, bitcoin reached a new historical high—above $124,000, and then gradually declined in anticipation of the market's reaction to PPI inflation data. Liquidations exceeded $1 billion due to sharp fluctuations.

🐳Chainlink rises amid institutional interest

The LINK token is approaching its annual high of around $26. The influx of large players ("whales") and the strengthening of reserves contribute to optimism around Chainlink.

🇹🇭Cryptocurrencies for tourists: Thailand launches an exchange

Thailand has launched the TouristDigiPay program—exchanging cryptocurrency for baht for tourists. The new tool facilitates online purchases, making digital assets more convenient for foreigners.