Do Kwon converts Luna to Bitcoin!

Happy Saturday, Bitcoiners!

It's The Bitcoin Dispatch, here with your daily dose of Bitcoin news! We'll cram everything you need to know about Bitcoin for the day into one 2-minute orange pill, so buckle up and let's go!

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Here's what we're serving up for you today:

• Do Kwon’s converting illicit funds to Bitcoin

• Nuclear-powered mine generates $6.49 million in Bitcoin in one month

South Korean prosecutors want Binance to stop Do Kwon from selling millions in crypto.

The news coming out of South Korea is deeply troubling. Prosecutors have uncovered 414.5 billion won in illicit assets linked to Terraform Labs co-founder Do Kwon and his associates, with a staggering 91.4 billion won directly linked to Kwon himself.

But what's even more concerning is that none of these assets are recoverable, as Kwon reportedly converted most of the funds into Bitcoin and stashed them away in overseas crypto exchanges. This means that Kwon may have effectively hidden his ill-gotten gains from authorities, leaving his victims without any hope of restitution.

To make matters worse, Kwon's alleged misdeeds have far-reaching consequences. The US Securities and Exchange Commission's investigation into the Terra collapse revealed that Kwon had siphoned off nearly $100 million worth of Bitcoin from the platform after it went bust. In addition, Kwon was accused of embezzling $80 million a month before the collapse, further highlighting the scale of his wrongdoing.

Despite an arrest warrant from South Korean authorities and an Interpol red notice against his name, Kwon was able to evade arrest for almost a year before being caught in Montenegro. This raises serious questions about the effectiveness of international law enforcement and the ease with which criminals can operate across borders.

Let's hope justice is served, and Kwon learns his lesson. And maybe next time, he'll stick to playing Monopoly instead of trying to be a real-life money mogul.

Nuclear-powered sustainable Bitcoin Mining is now a reality!

TeraWulf, the nuclear-powered Bitcoin mining gurus, have announced they hit the jackpot by mining a whopping $6.49 million worth of Bitcoin in a single month. That's enough dough to buy a small island or hire Elon Musk as your personal chauffeur.

Their secret? A horde of 9,200 miners working round the clock, pumping out a hash rate so high it'll make your head spin faster than a rollercoaster. And it's all powered by sustainable hydro and nuclear power, so you can feel good about your Bitcoin addiction while saving the planet.

But TeraWulf is not content to rest on its laurels. They're doubling down on their mining capacity, ready to hit the jackpot once again. And with their eco-friendly practices, they're proving that you can have your Bitcoin and save the world too.

Tweet of the Day:

Meme of the Day:

That's a wrap for today. Until next time.

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