Tech

South Korea’s special financial crimes unit is investigating Do Kwon – TechCrunch

What are we hearing? Is that Friday 20th May 2022 on the calendar and the soft, seductive siren song of a weekend is just around the corner? Why, yes, it must be!

Our events team is busy putting together an awesome TechCrunch Disrupt, and we’re excited for Startup Battlefield, where the winner takes home a $100,000 check to continue building the future they envision. Here’s how to race. — hey and Christine

The TechCrunch Top 3

  • VAT UGH: Terraform Labs founder Do Kwon has something to do with South Korea’s Financial Crimes Task Force, which launched an investigation into the collapse of Terraform’s stablecoin TerraUSD (UST) and its sister token Luna earlier this month. Prosecutors may come first, but the line is growing as investors file a lawsuit against Kwon and his co-founder Daniel Shin over alleged charges of fraud and other financial regulation violations. Also, advisers join the Luna Foundation Guard who report jacquie that they haven’t heard from Kwon in weeks.
  • Distance: We enjoyed reading Karly‘s article describes what happened to the ransomware attacks in Costa Rica – the Conti gang is trying to overthrow the government – and who might be next. At the time of our newsletter, the ransom part was still ongoing. The cut-off date was 23
  • Klarna conundrum: The payments company is reportedly the last to agree to a cut in its rating and there is some capital tied up in its case. We think Alex sums it up well: “Nobody likes a down-round. They’re dilutive, messy, and demoralizing. But they’re also miles better than not raising money and dying, so companies collect ’em when needed.” He goes into why it might or might not be worth doing an inside round with a reduced rating for Klarna.

Startups and VCs

Today we were a bit excited about Haje’s slightly swearword filled swearwords The new Coca-Cola bottle caps that do not detach from the bottle against the background of greenwashing.

We loved too brian‘s article about Pebble founder Eric Migikovsky’s love for small phones. “If no one else makes one I guess I’ll be forced to make it myself‘ Migicovsky complains.

Likewise, brian and hey Tag teaming two articles about Sony’s new earbuds. brian covers the buds themselves (“As someone who tests many earbuds over the course of a year, the LinkBuds S are among the best sounding and most comfortable I’ve had in my ears”), and Haje double-clicked the Endel app for creating soundscapes.

Put on your dancing shoes, a real dance party is coming with more news:

We also have a roundup of some of the great stories that emerged from our mobility event:

Three things to consider when diversifying your startup’s cap chart

Photo credit: redmal (opens in a new window) /Getty Images

Just as a sales team builds and refines their funnel, fundraising mode allows early-stage founders to create an investor funnel that will help sustain their business for years to come.

Oriana Papin-Zoghbi, CEO and co-founder of women’s health startup AOA Dx shared her investor breakdown with TC+:

  • 35% private investors
  • 34% women (female investors or funds managed by women)
  • 26% venture capitalists
  • 23% family and friends
  • 18% international investors
  • 15% angel groups

“When building an investor funnel, voicing what you want is key to finding the right investors,” says Papin-Zoghbi.

“Finding the right investors is like finding the right team members — you need to be open about your expectations and what you want them to bring.”

(TechCrunch+ is our membership program that helps founders and startup teams get ahead. Here you can sign up.)

Big Tech Inc.

  • Deposit 25 cents: If you are a gamer, we assume you have some thoughts about God of War: Ragnarok. Devin’s view is that this game “is possibly the most accessible title yet, and that’s saying something”. It’s good to see Microsoft developing a game that offers features that are customizable for people with certain disabilities, such as visual or hearing impairments.
  • The family that snaps together stays together: For all those parents dying to know who their teen is interacting with on Snapchat, the social media giant is about to launch its Family Center parental controls feature. For those of you who aren’t on Snapchat or don’t have kids, Sarah tells us that this is important as it’s one of the few social networks where you can’t see someone’s friends list.
  • Holy Pokeballs!: There is now a Pokéball reward for being both a Pokémon GO player and an Amazon Prime member.
  • dating update: It looks like Match Group, the parent company of dating apps Tinder, Hinge and OkCupid, is back on good terms with Google. crisis averted?

South Korea’s special financial crimes unit is investigating Do Kwon – TechCrunch Source link South Korea’s special financial crimes unit is investigating Do Kwon – TechCrunch

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