Search Results for: Terraform Labs

Europe Web 3.0 Blockchain Market Report 2022: Featuring Web3 Foundation, Polygon Technology, Kusama Network & More – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Europe Web 3.0 Blockchain Market Size, Share & Industry Trends Analysis Report by Application, Blockchain Type, End-use (BFSI, IT & Telecom, Media & Entertainment, Retail & E-commerce, Pharmaceuticals), Country and Growth Forecast, 2022-2028” report has been added to ResearchAndMarkets.com’s offering. The Europe Web 3.0 Blockchain Market should witness

December 29, 2022 4 mins read

What happened to Crypto this 2022?

The cryptocurrency market plummeted in real time along with the World’s economy. Although many sequential backlashes led to this downfall, this article focuses on a few that caused massive disruption. 2022 is a year of crypto adoption and unanticipated mass crypto tax regulations. Countries like Australia, Canada, Denmark, France, Germany,

December 26, 2022 3 mins read

Do Kwon To Be Released Following $436,000 Bail Approval

South Korean Authorities Seize $92M Worth Assets Linked to Do Kwon

Authorities in South Korea and elsewhere continue to look for Do Kwon, the controversial creator of Terraform Labs. South Korean authorities have allegedly stated that Terra’s founder was seen in Serbia. After departing Singapore a while ago, as was reported earlier this month. According to The Korea Economics Daily, South

December 20, 2022 1 min read

Terra Luna Classic All Set for Community-owned Wallet

Crucial Week For Terra Classic as Proposal 11030 Under Voting

The Terra Rebels’ official Proposal 11030 for Terra Classic has been submitted to the community for a vote. The plan will allow Terra Rebels to withdraw 937,500,000 LUNC tokens from the community pool, at a value of $150,000, to use in the creation of Rebel Station. Moreover, the LUNC group

December 9, 2022 1 min read

South Korean Court Dismisses Terra Co-founder’s Arrest Warrant

The Seoul Southern District Court has rejected the prosecutors’ arrest warrant of Terraform Labs associates. According to Yonhap News Agency, the court has dismissed the arrest order of several Terra officials, including Daniel Shin, co-founder of Terraform Labs with Do Kwon. In a text message, the South Korean Court stated

December 3, 2022 2 mins read

South Korean Prosecutors Seeking Warrant For Terra Co-founder Daniel Shin

South Korea Files Arrest Warrant for Former Associates of Do Kwon

Do Kwon, the co-founder, and CEO of Terraform Labs, is still being sought, but South Korean officials have expanded their inquiries to include additional Terra executives. An arrest warrant was filed by the prosecution for co-founder Daniel Shin and seven more engineers and investors of the company because they may

November 30, 2022 1 min read

Daniel Shin To be Severely Fined for promoting $UST as Payment Method

In mid May 2022, the crash of the entire Terra network created a huge impact on the crypto market. Hundreds of thousands of investors lost their hopes and faced a huge loss for being Terra holders. Further the collapse of Terra network wiped off the crypto space in the second

November 28, 2022 2 mins read

$104M Worth Assets of Terra Co-Founder Confiscated by South Korea

On Thursday, local prosecutors in Seoul allegedly had their plea to freeze roughly 140 billion won ($104 million) in assets belonging to Terraform Labs co-founder Shin Hyun-seung, or Daniel Shin, accepted by the Seoul Southern District Court. To safeguard against a defendant using illegal funds for personal gain before trial,

November 20, 2022 2 mins read

Luna Foundation Guard (LFG) Releases Third-party Audit Report

In order to give complete transparency regarding assets and attempts to repeg TerraUSD (UST), the nonprofit organization Luna Foundation Guard (LFG) that manages the UST algorithmic stablecoin issued a technical audit. LFG seeks to address all claims involving misused money, insiders, holdings cash in other wallets, and monies blocked. A

November 17, 2022 2 mins read

South Korean Prosecutors Confident of Do Kwon's Extradition to S.Korea

Do Kwon Attempted to Manipulate Terra’s Price?

LUNC failed to support the algorithmic stablecoin (USTC) to peg the $ 1 value. The accusation of “price manipulation” is backed by the message conversation. Terra’s co-founder Do-Kwon is constantly under the radar of many international agencies since the historical fall of the cryptocurrencies, LUNA (now LUNC), and USTC. Both

November 4, 2022 2 mins read