<strong>Anonymous Hacktivists Target Do Kwon, Catalonia Launches Metaverse, 3AC Defaults On Loan</strong>

Anonymous Hacktivists Target Do Kwon

Anonymous, an activist group of hackers, released a Youtube video targeting Do Kwon, the founder of Terra Labs. The hacktivist group accused Do Kwon of having bad intentions from the start. In addition, they hold him accountable and will make sure that they bring him to justice as soon as possible. 

The video is 3:50 min long and accuses Do Kwon of withdrawing funds from Luna before the crash. Anonymous also references a failed project, Basis Cash stablecoin. Basis Cash stablecoin was Do Kwon’s earlier project, which suffered the same fate as Luna and UST.

"The only thing the community can do at this stage is holding you responsible and make sure you are prosecuted as quickly as possible," said Anonymous in the video.

Catalonia Launches Metaverse

Catalonia, an autonomous region in Spain, is building its metaverse called Cataverse. “Cataverse will be linked to the Catalan language and the Catalan culture. That is what we want to have in this metaverse. Catalan entities that are doing things for the culture can do that in the metaverse,” said Daniel Macro, the Catalonian Minister of Innovation. 

The Catalonia government plans to make Barcelona the digital hub of the region. It will also legislate policies that will attract Universities and businesses with a friendly working environment. “We have very strong policies to generate talent from university but also we are skilling programs like boot camps and other activities a lot because we need different profiles,” added Marco.

In 2014, the Catalonian government launched a SmartCatalonia Government Strategy. The purpose of the campaign strategy was to turn Catalonia into a Smart Country. The country is working towards creating a fully digital economy inspired by the physical world.

3AC Defaults On Voyager Digital Loan

Three Arrows Capital (3AC), a cryptocurrency hedge fund, defaulted on a $665 million loan from Voyager Digital, a crypto-asset broker. The loan amount is 15,250 bitcoins (worth about $315 million) and $350 million in USDC.

“We are working diligently and expeditiously to strengthen our balance sheet and pursue options so we can continue to meet customer liquidity demands,” Voyager CEO Stephen Ehrlich said in a statement.

Written by Lindi Miti © Crypto University 2022