Tag: terra (luna)

Sep 29 2022

Terraform Labs Terms the Ongoing Do Kwon Investigation As ‘Highly Politicized’

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 was last known to be in Singapore, where the company did have an...

Sep 28 2022

Luna Foundation Guard Denies Moving Assets Linked to Luna’s Do Kwon

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 had moved bitcoin or other tokens or created new wallets. The statement from...

Sep 27 2022

LFG Moved 3313 Bitcoin (BTC) After Authorities Issued Do Kwon’s Arrest Warrant: CoinDesk Korea

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 then transferred the BTC to wallets on Kucoin and OKX. Authorities managed to...

Is Terra Tokens Price Jumping Over Do Kwon Big Statement?

Sep 27 2022 Published at Coingape under tags  do kwon news terra (luna)

Do Kwon, Co founder of Terraform labs allegedly has been on the run since the historic cryptocurrency wipeout. However, in a recent Twitter interaction, he cleared the air over hiding from the authorities. Do Kwon hiding from Interpol? As per reports, Interpol, The International Criminal Police Organization officially issued a... Read more

Sep 26 2022

Binance Reveals Details on Burn Mechanism for Terra Classic (LUNC)

Sep 26 2022 Published at Ethereum World News under tags  binance crypto cryptocurrency cz news

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 burn mechanism to burn all trading fees on the Terra Classic spot...

Sep 19 2022

Terra Founder Do Kwon Might Be On A Run: Report

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 are not able to track the location of the Terraform Labs founder Do...

Sep 14 2022

Breaking: Arrest Warrant Out Against Do Kwon; Reports

Sep 14 2022 Published at Coingape under tags  do kwon news terra (luna)

Do Kwon, the founder of Terraform Labs has landed into big trouble as the South Korean government has issued an arrest against him. The collapse of Terra’s stablecoin USTC and Terra Classic LUNC resulted in a $40 billion wipeout from the crypto market. More Trouble for Do Kwon? Bloomberg reported... Read more

Sep 10 2022

LUNA Price Surged Another 30%, But Is It Sustainable?

Following a long accumulation, the LUNA price surged significantly in the last two days. Moreover, the technical chart justifies this price action with a rounding bottom pattern in the daily time frame. This bullish reversal pattern should encourage buyers to extend the recovery above $9. However, is it safe to... Read more

Aug 29 2022

Terraform Labs Faces a Class Action Lawsuit Alleging Racketeering

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 on behalf of plaintiff Matthew Albright filed a class action lawsuit, according to...

Aug 17 2022

Breaking: Terra Founder Do Kwon Hires Lawyers For Preparing Legal Actions

Aug 17 2022 Published at Coingape under tags  do kwon news terra terra (luna)

Terra founder Do Kwon has hired lawyers from a domestic law firm to prepare for legal action in response to the investigation by the Seoul Southern District Prosecutors'...

Aug 15 2022

Do Kwon Gives First Public Interview Since Terra’s $40 Billion Collapse

Do Kwon claims that prosecutors in South Korea have not contacted him about Terra and the $40 billion crash.

Aug 14 2022

“I bet big and I think I lost” Do Kwon Speaks On Terra’s crash

In a yet to be fully aired interview by Coinage Media, hosted by Zack Guzman, called "Inside Crypto's Largest Collapse", the founder of beleaguered Terra Form labs...

Aug 11 2022

South Korea’s FSC Amps Up Crypto Policy Efforts, 13 Digital Asset Bills In Review

Regulators in South Korea want to fast-track crypto laws and install self- regulatory practices after the Terra crash.

Aug 03 2022

Terra’s LUNA Crash Wiped Out $3 Billion From Hashed Portfolio: Bloomberg

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 LUNA hit an all-time high in April. A month later, the multi-billion dollar...

Jul 27 2022

Do Kwon And Terraform Employees Face Fraud Allegations From South Korean Authorities

Do Kwon asked to notify authorities on entry into South Korea as investigations into possible Terra fraud continue.

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

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 21 2022

Just In: After Terra LUNA Crash S. Korea Delays Crypto Tax

Jul 21 2022 Published at Coingape under tags  news south korea crypto tax terra (luna)

The South Korean government announced a big measure for the virtual asset industry. The authority declared that the taxation of cryptocurrency will be postponed for two years. New Taxation to imply in 2025 As per the report, this step has been taken into consideration in the current situation of the global crypto market. However, it...

Jul 20 2022

Terra Case Continues, South Korean Investigators Storm 7 Crypto Exchanges

Terra's saga intensifies as prosecutors raid exchanges and seize transaction records.

Jul 11 2022

ECB Recommends Urgent Stablecoin Regulation in Light of UST’s Collapse

Summary: The European Central Bank has recommended urgent stablecoin regulation, citing UST's recent collapse and losses faced by its holders. The ECB also states that algorithmic stablecoins should be treated as unbacked crypto assets due to their risks. The ECB recommends using the recently passed MiCA bill and the Financial Stability Board recommendations as a guide toward global stablecoin regulation. The European Central...

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