South Korean officials have confiscated over $100 million worth of funds belonging to Terraform Labs co-founder Shin Hyun-Seong (Daniel Shin). According to a Thursday report by South Korean local publication YTN, a South Korean court authorized the confiscation of 140 billion won ($104 million) worth of funds belonging Hyun-Seong that he allegedly earned for selling LUNA (currently LUNC)…
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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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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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Victims of the collapse of the Terra ecosytem, which wiped out over $60 billion of investors’ funds, have been speaking up and calling for Do Kwon and entities related to him to be brought to justice. In a Twitter thread, ‘FatManTerra,’ a pseudonymous finance investor who has been providing updates on the Terra situation, shared…
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A spokesperson for the company behind Terra said it believes prosecutors heeled to public pressure and expanded the definition of a security after its associated cryptocurrencies collapsed. Terraform Labs, the company behind the development of the Terra blockchain said South Korea’s case against its co-founder Do Kwon has become political, alleging prosecutors expanded the definition of…
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Terra Classic continued its extreme volatility on Monday and Tuesday after a sensational six-hour rise was followed by another sharp sell-off. LUNC – often wrongly referred to as Luna Classic – made gains of 75% at one from 6am to 12pm UTC on Monday and was up to $0.00032, before a sharp retraction since has…
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The Terraform Labs co-founder faces charges in South Korea relating to the crash of the Terra ecosystems’ cryptocurrencies. Interpol has reportedly issued a “Red Notice” to law enforcement worldwide for the arrest of Terraform Labs co-founder Do Kwon. South Korean prosecutors in Seoul on Monday told Bloomberg the international policing organization issued the notice in…
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Do Kwon, founder of now-defunct blockchain firm Terraform Labs, has broken silence about the recent warrant authorizing his arrest, claiming that he is not on the run from the law…. Read More: Where is Do Kwon? Terra Luna Boss Claims He’s Not on The Run From Law Read more »Sign up for e-EUR – the…
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According to local reports stemming from South Korea, the country’s foreign ministry is looking to invalidate the co-founder of Terraform Labs Do Kwon’s passport. The story was published the day after it was reported that Seoul’s Southern District Prosecutors Office issued a warrant for Kwon’s arrest. Local Report Says South Korean Officials Are Targeting Do…
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During the last 24 hours, crypto asset prices have improved as the global cryptocurrency market capitalization today has risen 1.9% to $1.07 trillion. Interestingly, the two so-called ‘defeated’ Terra blockchain tokens, now called terraclassicusd (USTC) and luna classic (LUNC), have seen significant gains. LUNC has climbed 8% higher during the past 24 hours and the…
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