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...
Binance announces a burn mechanism to burn all trading fees on the Terra Classic spot and margin trading pairs. The first batch will be calculated from September 21 to October 1. Changpeng Zhao said that the exchange wants to be fair to all users. Binance has announced the details of...
A Bloomberg report citing South Korean prosecutors assert that Do Kwon might be evading the investigation launched against him The Terra founder is not in Singapore as presumed earlier, raising questions on whether Do Kwon is allegedly on a run to evade legal probes initiated against him. South Korean prosecutors...
Terraform Labs has been sued again, this time over allegations of racketeering. The plaintiff Matthew Albright and lawyers conducted an investigation by reviewing several of Terraform Lab’s public statements. The company is facing other lawsuits and investigations. Terraform Labs is facing yet another lawsuit, this time over alleged racketeering. Lawyers...
Summary: Early LUNA investor Hashed lost $3 billion in the Terra collapse. The crypto venture capital company confirmed the news on Wednesday. CEO Simon Seojoon Kim told Bloomberg that the VC firm bought some 30 million LUNA tokens in Terra’s early days. The coins were worth over $3.6 billion after...
Terra, Do Kwon, and several associated entities are facing a new lawsuit, with complaints similar to previous lawsuits. The lawsuit has been filed against several entities associated with the Terra ecosystem. Meanwhile, authorities in South Korea are conducting a thorough investigation of Terraform. Terra’s legal woes continue to mount as...
South Korean authorities have raided the home of Terraform Labs co-founder Daniel Shin. Officials also recently sent prosecutors and investigators to seven cryptocurrency exchanges in connection with the case. The Terraform Labs investigation is ramping up, but it is far from over. South Korean officials have taken another step forward...
