Tag: luna

Sep 27 2022

Terra Co-Founder Tries To Cash Out 3,300 Bitcoin Following Interpol Alert, Report Says

Sep 27 2022 Published at Bitcoinist.com under tags  luna lunc luncusdt terra

According to several reports, authorities in South Korea have ordered crypto exchanges OKX and KuCoin to freeze funds connected to Terra founder Do Kwon. In total, the platforms froze over 5,000 BTC or around $60 million at the current market price. As Bitcoinist reported, South Korean authorities launched an investigation against the Terra (LUNA)...

How Will the Legal Case Against Do Kwon Play Out in South Korea? – Ep. 401

Zack Guzman, journalist and Coinage host, and Jongbaek Park, partner specializing in blockchain and crypto assets at Bae, Kim & Lee, discuss how the case in South Korea against Do Kwon and TerraForm Labs will likely go, whether Do Kwon is on the run, and what his sentence could be. Show highlights: Jongbaek’s and Zack’s disclosures regarding Terra how big the Terra phenomenon...

Sep 26 2022

Crypto Exchange Binance Unveils New Fee Burn Mechanism For LUNC

The mission to keep the value of Terra Classic (LUNC) has been undertaken by the entire community, and Binance has managed to always be at the forefront of this. The proposed 1.2% transaction fee burn was fully supported by the community, which caused the value of the digital asset to surge. Now, Binance has joined in with a new trading fee burn mechanism...

Do Kwon, Where Are You? Interpol Issues Arrest Warrant For Fugitive Terra Co-Founder

Sep 26 2022 Published at Bitcoinist.com under tags  breaking news crypto do kwon interpol luna

Now it happens, unsurprisingly: the Interpol is involved and wants a piece of Do Kwon, the disgraced co-founder of the Terra ecosystem which disintegrated drastically in May, multiple news outlets reported Monday. Last week, the Singapore Police Force issued an arrest warrant for Kwon who, it said that time, was no longer in the country. He is believed to own a house in...

Sep 19 2022

Prosecutors Counters Terra Founder Do Kwon’s Claims That He’s Not On The Run

The last week has been one filled with activity for the founders of the now- defunct Terra network. From arrest warrants to accusations of evasion, Do Kwon and others have been in the thick of it recently. In the most recent development, the South Korean authorities have come for the founder once more over his most recent statements. Do Kwon Is On The Run...

Sep 18 2022

Do Kwon, Who’s Wanted By The Cops, Says He’s Not On The Run

Sep 18 2022 Published at Bitcoinist.com under tags  bitcoin btcusd crypto crypto news do kwon

As of Sunday, Do Kwon, the disgraced co-founder of the Terra ecosystem which collapsed dramatically in May and for whom the Singapore Police Force had issued an arrest warrant, is no longer in the country. Last Monday, Kwon and five others were named in an arrest order issued by South Korean prosecutors. He is largely responsible for creating two cryptocurrencies whose stunning demise...

Sep 14 2022

LUNA Founder Do Kwon Wanted By Korea, Soon Interpol

According to a report from a local news media, law enforcement agencies in South Korea issued an arrest warrant against LUNA Founder and Terraform Labs CEO Kwon Do-Hyeong also known as Do Kwon. The founder has been under authorities’ radar since the collapse of the Terra ecosystem in May 2022. The arrest warrant was issued by the Seoul Southern District...

Founder of Terra Arrest – Will LUNA Collapse AGAIN?

Sep 14 2022 Published at CryptoTicker under tags  altcoin crypto luna luna crypto lunc

Breaking News: According to a text message from the prosecutor's office, Do Kwon and five other people are wanted by the Seoul court on suspicion of breaking the country's financial markets legislation. Now that the Founder of Terra arrest surfaced in the crypto community, will LUNA collapse? Will LUNA crash to 0? What is Terra Crypto? Terra was a crypto project that wanted...

Sep 01 2022

Why the Entropy Beacon Got a 50,000 LUNA Grant?

Sep 01 2022 Published at Altcoin Buzz under tags  cryptocurrency news luna

This proposal requests a grant from the community pool to fund the development and subsidize operations of the Entropy Beacon and related infrastructure. This will surely encourage the development of Terra 2.0, adding value to the whole ecosystem. Profitability is a major impediment for utilities like this. As a result, Entropy Beacon's design is simple to use and has low fees, containing zero...

Why Did the Entropy Beacon Get a 50,000 LUNA Grant?

Sep 01 2022 Published at Altcoin Buzz under tags  cryptocurrency news luna

This proposal requests a grant from the community pool to fund the development and subsidize operations of the Entropy Beacon and related infrastructure. This will surely encourage the development of Terra 2.0, adding value to the whole ecosystem. Profitability is a major impediment for utilities like this. As a result, Entropy Beacon's design is simple to use and has low fees, containing zero...

Aug 18 2022

Do Kwon Better Call Seoul In Preparation For Legal Battle Following Terra Collapse

Do Kwon should better call Seoul fast and hire the best lawyer in the city to defend him when things start to get serious, following the collapse of Terraform Labs. Well, the disgraced architect of the once multi-billion dollar Terra ecosystem actually just hired a new attorney in South Korea, just days after stating the South Korean authorities have yet to reach out...

Aug 16 2022

Founder Of Terra Do Kwon Deems The Collapse As Big Betting

Aug 16 2022 Published at Bitcoinist.com under tags  do kwon luna lunausdt south korea

The collapse of the algorithmic stablecoin Terra and its native token, LUNA, created a great storm in the cryptocurrency space. Many investors watched as the Terra ecosystem crumbled with TerraUSD (UST) and LUNA hitting the zeros. The storm and its effects brought reckless distortions for almost all the tokens in the crypto market. Coupled with some macroeconomic factors, the crypto market witnessed one...

Jul 25 2022

New Class Action Lawsuit Filed Against Terra, Do Kwon, and Associated Entities

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 a new class action lawsuit has been filed against Terraform Labs, co-founder Do...

Jul 22 2022

Three Arrows Founders Speak Out After Hiding For Weeks Because Of Death Threats

Jul 22 2022 Published at Bitcoinist.com under tags  3ac btcusd crypto news ethusd hedge fund

The disgraced founders of Three Arrows Capital spoke comprehensively about the catastrophic failure of their once-flying hedge fund after five weeks of hiding out. They said that they had received threats to their lives, which is why they remained under the radar. Bloomberg reported on Friday that Su Zhu and Kyle Davies,...

Terra Co-Founder Daniel Shin’s Home Raided by South Korean Authorities

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 in the investigation into Terraform Labs. Local media outlets report that authorities raided...

Jul 20 2022

Terraform Labs Investigation Intensifies: Seven Crypto Exchanges Linked To Collapse Raided

Jul 20 2022 Published at Bitcoinist.com under tags  crypto news do kwon luna south korea terra

The South Korean cryptocurrency ecosystem is still experiencing issues because of the Terraform Labs probe. According to reports, the nation's authorities advanced the probe on Wednesday with their most recent actions. The investigation into the fraud claims against the Terraform Labs management is still ongoing. Terraform Probe Heats Up As part of their ongoing inquiries into the failure of Terraform Labs' iconic Terra...

Jul 15 2022

Terra’s Plot Thickens: Prosecutors Uncover Secret Subsidiary Used As Fund Channel

The ongoing inquiry into Terra's crash has reportedly taken a new turn as authorities have connected a new crypto entity called "Flexe" to Terra and Do Kwon, according local Korean news outlet KBS news. Terra's Secret Subsidiary Belongs To Do Kwon The Terra debacle doesn't appear to be over. 1Prosecutors in South Korea allegedly discovered a Terraform Labs subsidiary, according to...

Terra (LUNA) Saga Is Not Over Yet, Korean Prosecutors Discovers Another Domestic Subsidiary Of Terra “Flexi”

Jul 15 2022 Published at Coingape under tags  do kwon luna news terra terraform labs

According to Korean local news site KBS news, the ongoing investigation for Terra's crash has taken another turn as investigators have now linked a new crypto entity "Flexi" to Terra and Do Kwon. Details of the corporation were not made public Since the crash of TERRA/LUNA in April, investigation is carried out earnestly and it...

Jul 09 2022

Easy Money Makes Easy Markets, Until The Party Stops

Bitcoin’s consistent issuance schedule makes it a consistent asset in times of inconsistent monetary policy. It will outlast any of the Federal Reserve’s plans.This is an opinion editorial by Adam Taha, a host of a Bitcoin podcast in Arabic and a contributor at Bitcoin Magazine.Luna’s infamous...

Jul 06 2022

UPRISE Lost $20M of Client Funds on LUNA Short Bet

Jul 06 2022 Published at Crypto Briefing under tags  business luna uprise

According to a local media report, UPRISE's "robo-advisor" trading product was liquidated for almost all of the platforms assets when it went short on Terra's LUNA on the futures market...

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