Terraform Labs has launched a claims portal to assist victims of the TerraUSD collapse. This initiative aims to provide reparations to affected users, as the company seeks to restore trust and address the financial fallout from the algorithmic stablecoin’s failure.
South Korea is intensifying its crackdown on unregistered overseas cryptocurrency exchanges by implementing stringent regulations. The government intends to enhance investor protection and mitigate illicit activities in the crypto market, blocking non-compliant platforms.
SEC Commissioner Hester Peirce emphasized the importance of the newly launched Crypto Task Force, highlighting its role in establishing regulatory clarity for digital assets. She advocates for balanced oversight to promote innovation while ensuring investor protection.