Seven persons including Do Kwon generated around $92 million from selling pre-issued Terra tokens, prosecutors filing for the asset freeze told the court.
Despite being embroiled in an array of legal allegations and accusations, Luna crypto founder Do Kwon is defiantly protecting himself, which may later land him in additional trouble. South Korean prosecutors have shared new details about Terraform Labs’ founder, Do Kwon. Per the latest report by Bloomberg, Terra’s crypto founder...
A $57 million lawsuit against Terra co-founder Do Kwon has been brought to light by the Wall Street Journal. The lawsuit alleges fraudulent misrepresentation by Kwon.
South Korean authorities demand that crypto company executives testify in a Terra inquiry but witnesses dodge appearing due to mental condition concerns.
South Korean prosecutors have said that Terraform Labs co-founder Do Kwon had made a stop at Dubai before departing to an unknown location. Previous reports of Kwon’s passport being invalid have been denied, though it could become invalid soon. Kwon has shown little concern for this, as he says that...
In an interview with Laura Shin, founder of Terra Luna Crypto, Do Kwon revealed reasons why he is not disclosing his real location in the media. Do Kwon further shared opinions on his arrogant alter ego persona on Twitter. Kwon later shared how he got carried away while posting things...
TerraClassic USD (USTC) has soared by nearly 40%. The coin is valued at $0.059 at the time of publishing, but still far from its $1 peg. The fully diluted market cap of USTC is at $561 million, with a 24-hour trading volume of $355 million. A possible reason behind the...
Summary: Terra chief Do Kwon says he doesn’t trade crypto and none of his funds were frozen by South Korean prosecutors. Authorities confiscated some of Kwon’s crypto holdings worth $39.6 million, CoinDesk reported on Wednesday citing local Korean media. Previous reports also claimed that investigators froze 3,313 Bitcoin on KuCoin...
Binance has finished its first burn of Terra Classic (LUNC), burning about $1.86 million in USDT equivalent from trading fees collected from spot and margin trading pairs. Binance first announced that it would burn the trading fees on September 26, and the next announcement will take place on October 10....
A spokesperson for Terraform Labs said they would not reveal the location of co-founder Do Kwon, according to a Wall Street Journal report. The company has cited “physical security risks” as the reason behind not wanting to disclose Kwon’s location. Interpol has issued a red notice for Do Kwon, who...
Luna Foundation Guard has denied that it has moved any cryptocurrencies linked to Terra or Do Kwon. South Korean prosecutors have asked OKX and KuCoin to freeze over 3,300 BTC linked to Kwon. Meanwhile, the location of Kwon is unknown. The Luna Foundation Guard has denied all allegations that it...
Summary: Last week, the Luna Foundation Guard reportedly transferred around $69 million worth of Bitcoin. CryptoQuant spotted the transactions shortly after South Korean prosecutors issued an arrest warrant for Terra CEO Do Kwon, CoinDesk Korea reported on Tuesday. CryptoQuant analysis showed that the LFG created a wallet on Binance and...