Terraform Labs founder Do Kwon, along with the Luna Foundation Guard (LFG) and Terra founding member Nicholas Platias, are facing a fresh $57 million class action suit from aggrieved investors in Singapore. … Read More: Terra Founder Do Kwon Faces New $57 Million Lawsuit – Where is He? Read more »Sign up for e-EUR – the…
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The lawsuit alleges Kwon and others made fraudulent claims on UST “either well knowing that they were false and untrue, or recklessly not caring whether they were true or false.” Do Kwon, the co-founder of Terraform Labs who may be facing legal actions in South Korea and the United States, is the target of a…
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The Terra Classic LUNC has been putting more effort into resuscitation its new position in the crypto space. Unfortunately, the algorithmic stablecoin Terra and LUNA collapse in May caused a massive loss in the industry. The crisis intensified the crypto winter of the year, leading to the loss of billions of dollars. However, the new…
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A number of leading South Korean crypto industry leaders failed to show up to a parliamentary hearing yesterday – including the Co-founder of the under-fire Terra Luna Classic (LUNC) issuer Terraform Labs Daniel Shin, as well as shareholders of the crypto exchange Bithumb…. Read More: S Korean MPs Rage After Terra Co-founder and Bithumb Shareholders…
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A retail investor group is trying to track down Terraform Labs co-founder Do Kwon following the crash of the Terra ecosystems’ cryptocurrencies. Members of a 4,400-strong Discord group called the “UST Restitution Group” (URG) have been attempting to track down the whereabouts of Terra co-founder Do Kwon. Members of the group, seemingly out of frustration…
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Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________… Read More: Crypto News Summary: Nuri Shuts Down, UK’s Pablo Escobar Banned from Crypto, Do Kwon Denies Seeing Arrest Warrant, Interpol’s New Team Read more »Sign up for e-EUR – the progressive stablecoin
Reports indicate that the bankrupt crypto hedge fund Three Arrows Capital (3AC) is facing more trouble from liquidators and financial authorities from the U.S. Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC). The whereabouts of the hedge fund’s co-founders Su Zhu and Kyle Davis are still unknown and the court-appointed liquidator plans…
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Law enforcement agencies are “very often” not properly trained or equipped to track crypto crimes, Interpol secretary general Jürgen Stock said. The International Criminal Police Organization is reportedly planning to strengthen its crackdown on cryptocurrency-related crimes by forming a dedicated division. Interpol, the world’s largest global police organization, has set up a special team in…
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It is an update to the original 100 million ecosystem funding proposal, which Terra developers say did not fit the community’s needs. On Monday, developers of the Terra ecosystem — consisting of Luna Classic (LUNC), which was formerly known as LUNA, TerraUSD Classic (USTC) and Luna 2.0 (LUNA) — proposed a revised expansion program for allocating…
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Terra Luna Classic is preparing for a bullish breakout which might send the price of LUNC up 26%. The remnant of the fallen Terra (LUNA) network dodders at $0.0002927 during the American session on Friday. Its support at $0.0002594 is crucial for a bullish outcome, keeping in mind the building overhead pressure around $0.0002927…. Read…
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