Terra Co-Founder Daniel Shin Indicted in South Korea: Bloomberg
[Apr 25, 2023 5:33 AM] Shin was indicted with nine others as prosecutors froze $185 million in assets.
5 / 7 Relevant items tagged with #Terra
Posts: 193
Posts
Terraform Labs co-founder and nine others indicted in South Korea
[Apr 25, 2023 3:35 AM] The indictment of 10 individuals associated with Terraform Labs, including co-founder Hyun-seong Shin, comes after 11 months of investigation into the collapse of Terra.
South Korean Court Rules Terra Crypto Asset LUNC Is Not a Security
[Apr 24, 2023 11:30 AM] Amidst the allegations against Do Kwon, the co-founder of Terraform Labs, a recent report by the Korean Sunday News has revealed that the Seoul Southern District Court has ruled in favor of LUNA, now renamed LUNC, by stating that it is not a…
LUNA token is not a security, rules S.Korean court in Terra co-founder case
[Apr 24, 2023 5:29 AM] The court in its ruling noted that It is difficult to see Luna coin as a financial investment product regulated by the Capital Markets Act.
Terra's Do Kwon Wants SEC Charges Dismissed, Court Filings Show
[Apr 24, 2023 4:59 AM] The SEC cannot regulate digital assets involved in the case as the UST stablecoin is a currency, not a security, lawyers for the disgraced crypto executive said.
Do Kwon lawyers reportedly dismiss SEC's securities fraud allegation
[Apr 22, 2023 12:02 AM] Kwon's lawyers claimed that the SEC failed to prove the alleged defrauding of US investors in connection with Terra’s $40 billion collapse of TerraUSD (UST) and Luna (LUNA).
Terraform Labs Co-Founder Do Kwon Faces Montenegro Indictment: Bloomberg
[Apr 20, 2023 9:52 AM] Prosecutors have sought to extend the detention period for Kwon along with his chief financial officer Han Chang-joon
Terra co-founder Do Kwon reportedly indicted for document forgery
[Apr 20, 2023 5:27 AM] While Terraforms’ Do Kwon and Han Chang-jun are facing charges in Montenegro, the other co-founder, Shin Hyun-seung, still walks free in South Korea.
Do Kwon Retained Law Firm in South Korea Before Terra's Collapse: Report
[Apr 17, 2023 2:31 AM] South Korean prosecutors confirmed a report that Kwon sent $7 million to a local law firm in the months leading up to his venture's dramatic fall.
Do Kwon lawyers received $7 million before Terra collapse: Report
[Apr 15, 2023 2:20 AM] While trying to tie in Kwon’s ill intent in prepaying the law firm, prosecutors believe that the information will help in the ongoing fraud case.
As Justice Is Sought for Do Kwon, South Korea’s Crypto Scene Emerges From Terra’s Shadow
[Apr 13, 2023 6:51 AM] The collapse of Terra continues to reverberate in Do Kwon’s homeland, but there are signs of progress, CoinDesk’s Emily Parker reports.
Terra Classic (LUNC) Down 4% As Developer Accuses Terraport Of Rugpull
[Apr 12, 2023 6:30 AM] The most promising DeFi project of Terra Classic (LUNC), Terraport Finance, reported a hack of its Terraport liquidity wallet on Monday. In a tweet, the team shared that a hacker siphoned liquidity from Terraport Finance. Nearly 9.5 million TERRA…
Terra DeFi project Terraport suffers $2M hack days after launch
[Apr 10, 2023 7:39 AM] Terra users are losing another round of funds due to a breach on the new DeFi platform Terraport Finance, which launched on March 31.
Do Kwon converted illicit funds from LUNA to Bitcoin: S.Korean prosecutors
[Apr 7, 2023 4:10 AM] South Korean prosecutors have contacted Binance to request a halt on withdrawals linked to Do Kwon.
Do algorithmic stablecoins have a future as centralized coins are under scrutiny?
[Apr 1, 2023 7:01 AM] Fiat stablecoins are too deeply rooted in exchanges for algorithmic stablecoins to rise, according to some experts.
Terra co-founder Daniel Shin’s arrest denied by court, citing low flight risk
[Apr 1, 2023 2:40 AM] Shin currently faces multiple fraud charges, specifically concerning allegedly hiding risks associated with investing in the in-house tokens by Terraform Labs.
Terra’s branding at MLB opener draws attention from spectators
[Mar 31, 2023 8:36 PM] An attendee shared an image of a Terra banner with the slogan "a decentralized economy needs decentralized money," prominently displayed during Major League Baseball's opening day, as Terra's founder Do Kwon remains in custody in Montenegro.
Terra co-founder Do Kwon's jail time in Montenegro will be harsh: Report
[Mar 30, 2023 11:35 AM] Now in custody in Montenegro, Do Kwon could be facing "at least a year" behind bars as the country considers extradition requests, according to one criminal defense lawyer.
The Questions That Linger After Do Kwon’s Arrest
[Mar 29, 2023 11:13 AM] CoinDesk's Chief Insights Columnist David Z. Morris suggests that the Terra founder's attempts to avoid prosecution may have added to his troubles.
US and South Korea requested extradition of Terra co-founder Do Kwon — Montenegro justice minister
[Mar 29, 2023 10:04 AM] Do Kwon may have to serve time in Montenegro if convicted of charges related to forged identification documents before any extradition to the U.S. or South Korea is granted.
Terra co-founder in S.Korean crosshairs following Do Kwon arrest
[Mar 27, 2023 1:31 AM] Authorities have previously alleged that Shin earned roughly $105 million in profits from illegal sales of LUNA tokens before Terra’s collapse.
Do Kwon to reportedly appeal against court’s decision to extend detention
[Mar 26, 2023 3:51 AM] A legal representative of Kwon confirmed the appeal against the Montenegrin court’s decision to detain the entrepreneur for 30 days longer than usual.
Do Kwon Now Faces Criminal Fraud Charges From U.S. Prosecutors
[Mar 23, 2023 3:41 PM] Federal prosecutors in New York charged Terraform Labs founder Do Kwon with fraud hours after he was arrested by police in Montenegro.
Terraform Labs Co-Founder Do Kwon Arrested in Montenegro, Says Interior Minister
[Mar 23, 2023 10:30 AM] According to Montenegro’s interior minister Filip Adzic, Terraform Labs co-founder Do Kwon was apprehended at Podgorica airport allegedly bearing falsified documentation. Adzic added that investigators are “waiting for official confirmation of his…
Terra's LUNA Tokens Fall Steeply on Do Kwon's Alleged Arrest
[Mar 23, 2023 7:37 AM]
Do Kwon had the right idea, banks are risk to fiat-backed stablecoins: CZ
[Mar 11, 2023 11:26 PM] Given Silicon Valley Bank’s direct involvement in destabilizing USDC prices, CZ blamed banks for increasing the risks of stablecoins.
Here's how Binance is mitigating its stablecoin needs after BUSD ban
[Mar 6, 2023 5:54 AM] The recent action from Binance comes in the wake of NYDFS ordering BUSD issuer Paxos to stop minting new BUSD.
Terraform Labs co-founder Do Kwon gets probed by Singaporean authorities
[Mar 6, 2023 5:07 AM] Local police in Singapore sent an email on Monday saying that they have begun a probe connected to Do Kwon’s Terraform Labs.
Ebb and Flow of Stablecoin Economy Continues With BUSD’s Market Cap Dropping Below $10 Billion Range
[Mar 3, 2023 9:00 AM] The realm of stablecoins is an ever-evolving landscape and the number of coins in circulation for the stablecoin BUSD has fallen below the 10 billion mark to approximately 9.68 billion on March 3, 2023. Over the last 30 days, BUSD’s token…
5 High-Profile Cryptocurrency Implosions Shatter Trust, Wipe out Billions in Value During 2022’s Crypto Winter
[Feb 26, 2023 9:30 AM] 2022 was a year of phenomenal cryptocurrency blowouts, as several projects collapsed and many more are on life support after the entire ecosystem was shattered. The fallout from these digital currency projects has not only removed billions of…