#DOGSONBINANCE Here’s what happened in crypto today
Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.
A South Korean crypto entrepreneur, accused of stealing $826 million from crypto investors, was stabbed in the neck by an alleged victim during a court hearing. The Telegram Open Network has been pushed offline, with a new memecoin blamed for the outage. Meanwhile, Ethereum co-founder Vitalik Buterin disclosed the Ethereum Foundation’s 2023 expenditures.
South Korean crypto CEO stabbed in court during Haru Invest fraud trial
Hugo Hyungsoo Lee, the CEO of Haru Invest, a South Korean crypto-earning company, was stabbed in the neck multiple times during a court proceeding in Seoul.
Lee and two other executives of Haru Invest were accused of stealing $826 million in cryptocurrency from around 16,000 users, according to the local media outlet Digital Asset.
During a related hearing, Lee was attacked in the courtroom by one of the victims of Haru Invest, who was identified as a man in his 40s by local media outlet Digital Asset.
The investor-turned-attacker suddenly sprang up from the guest seat and stabbed Lee in the neck with a small knife, who was then immediately rushed to the hospital.
TON outage halts new block production for hours
The Telegram Open Network (TON) stopped validating new transactions and had not made a new block in more than six hours starting late on Aug. 27.
In an Aug. 28 post to X, the TON community platform Tonk Inu alerted that the network was down, pinning the blame on a frenzy of market hype over the Aug. 27 launched memecoin, DOGS.
At the time of writing, over six hours had elapsed since the last transaction on TON was sent on Aug. 27 at 10:11 pm UTC, according to TON network tracker Tonscan.
The network’s native token, Toncoin
TON
$5.45
, has sunk 1.5% in the last 24 hours to $5.30.
Vitalik Buterin breaks down Ethereum Foundation expenditures
