Coinbase court case knocks down stock, Do Kwon found and Gisele talks about FTX

Coinbase, still the largest crypto platform in the United States, may be in trouble due to a probable lawsuit by the US stock exchange watchdog SEC against the company. In Montenegro, Do Kown, the founder of the now bankrupt crypto company Terra who had been on the run for a year, was finally arrested and lastly Gisele Bündchen talked in a very long interview with Vanity Fair mainly about her split with Tom Brady, but also very briefly about her dealings with FTX.

Coinbase versus SEC

Coinbase lost 20% on the US stock market this Wednesday and Thursday after the US stock market watchdog announced it was investigating the company for violating exchange trading laws.

In response to the news, Coinbase said it would challenge any allegations and was confident the company had done nothing wrong.

Do Kwon in Montenegro

Do Kwon , the founder of the now bankrupt company Terraform labs, had been on the run from the authorities for a year. Interpol said earlier this week that Do Kwon was arrested in Montenegro and will likely be extradited to either South Korea or the United States to face charges of fraud for an amount of $40 billion.

Gisele talks FTX

In a lengthy interview with Vanity Fair of which everyone will remember the fantastic quote “the death of my dream,” Brazilian supermodel Gisele Bündchen mostly talked about her breakup with American sports superstar Tom Brady, but still also a little bit about her dealings with FTX.

Last year, Brady and, to a lesser extent, Bündchen appeared in ads for Sam Bankman-Fried’s recently collapsed cryptocurrency platform FTX, where Bündchen took the title of head of social initiatives.

“I’m no different than everyone else that trusted the hype,” Gisele said.

It’s just…terrible. I’m so sorry for all of us that this happened, and I just pray that justice gets made.

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