[Jul 10, 2023 9:30 AM] Terra co-founder Do Kwon is currently in custody in Montenegro, while Daniel Shin's trial preparations in South Korea are reportedly underway.
[Jul 5, 2023 12:49 PM] Blockchain data showed the wallet reportedly associated with LFG had a balance of roughly 6,983 BTC in October 2022, with transactions later moving funds to different addresses.
[Jun 25, 2023 2:50 AM] The Terra Allies senior full stack engineering team, known as the Six Samurai, has presented their Q3 spend proposal, emphasizing their deep passion as Luna Classic holders.
[Jun 19, 2023 10:30 AM] Montenegro’s court has determined that Do Kwon, the co-founder of Terraform Labs, is guilty of using a counterfeit Costa Rican passport. As a result, he has been sentenced to four months in jail for the offense. Do Kwon Sentenced to 122 Days…
[Jun 15, 2023 4:14 PM] Courts in the country approved bail for the Terraform Labs founder, but a South Korea extradition request is set to keep him in jail.
[Jun 15, 2023 12:56 PM] The Terra Labs co-founder will be held for up to six months while the Montenegrin court considers South Korea’s extradition request.
[Jun 12, 2023 10:30 PM] The lawsuit, initially filed on May 9, alleges the firm and its CEO was involved in a price manipulation scheme tied to the TerraUSD stablecoin.
[Jun 7, 2023 11:10 PM] South Korean prosecutor Dan Sunghan says Kwon’s extradition to South Korea makes more sense but adds that the Terraform Labs co-founder could also serve time in the United States as well.
[Jun 5, 2023 2:08 AM] A previous approval was annulled by a higher court after it was determined the Terra founder's finances were not sufficiently assessed in the first decision.
[Jun 1, 2023 8:30 AM] On June 1, 2023, the stablecoin issuer Tether exceeded the dollar-linked token USDT’s previous all-time market capitalization record of $83.2 billion, which was set in May 2022. In the last 186 days, USDT’s market value has surged by…
[May 29, 2023 1:30 PM] Lawmakers in Japan have decided to enforce stricter Anti-Money Laundering measures to trace cryptocurrency transactions from June 1.
[May 25, 2023 2:04 AM] A lower court had determined the value of Kwon's property based on "statements" and not concrete evidence, a high court cited in a decision to scrap his bail approval.
[May 24, 2023 11:21 AM] Kwon and former chief financial officer Han Chong-joon reportedly lived in Serbia before they were caught trying to leave neighboring Montenegro using false documents.
[May 24, 2023 10:38 AM] Prosecution appealed a previous decision by a lower court in the country to let the disgraced founder go free while he faced trial.
[May 15, 2023 8:27 AM] Last week was harsh for the United States Securities Exchange Commission, with industry figures and officials publicly criticizing the regulator.
[May 14, 2023 12:40 AM] Tether (USDT), the world’s largest stablecoin by market capitalization, was one of the dollar-pegged cryptocurrencies to have been affected by the collapse of the Terra ecosystem. Now – a year later, the stablecoin has reclaimed its stable…
[May 11, 2023 8:58 AM] Lawyers said Do Kwon and Han Chang-joon could be released on bail and largely confined to a Montenegro apartment with the “obligation to periodically report to the state authority.”
[May 5, 2023 11:15 AM] The former Terraform Labs CEO could face 40 years in jail in South Korea, the country where he committed most of his crimes, according to local authorities.
[Apr 28, 2023 7:04 AM] Community members are vying for a new model to improve revenues to sustain the peg, which includes token buybacks and fees paid on peg deviations.
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