Do Kwon denied allegations regarding the freezing of the $67 million fund. Terra’s founder continuously says he is not on the run from law enforcement. The “wanted” Terraform Labs founder, Do Kwon accepts full responsibility for Terra’s demise. In a recent interview, Do Kwon addressed the Terra collapse and the
According to the judge, Yoo returned even after an arrest order had been issued. Yoo faces many charges, including fraud, and breach of duty among a few. Earlier, it was claimed that the Head of General Affairs for Terra had been taken into custody. It has been claimed that the
Kwon has been given 14 days by the South Korean authorities to turn up his passport. Both the South Korean government and Interpol are looking for Kwon. Reportedly, Yoo Mo, Terra’s Head of General Affairs, has been detained by South Korean authorities. The first person to be apprehended in the
Do Kwon asserts he had no participation in the alleged transfer of 3,310 BTCs to KuCoin and OKX. South Korean authorities recently asked Interpol to issue a red notice on Kwon. Do Kwon, the founder, and CEO of Terraform Labs rejects controversies regarding the recent cashout allegations. In the latest
According To South Korean prosecutors, Kwon is obviously on the run. He is refusing to participate with the investigation. Do Kwon, the founder of Terraform Labs accused of fraud following the dramatic collapse of the firm’s cryptocurrencies in May, is clearly on the run, according to South Korean prosecutors. And
According to Do Kwon, they are currently defending themselves in a number of jurisdictions. His tweets gave no indication of where he was. South Korean prosecutors filed an arrest warrant earlier this week for Do Kwon, the co-founder of the Terra ecosystem, which fell catastrophically in May. They also requested
To avoid further damage, TerraForm Labs deactivated the exchanges between LUNC and USTC. Burning 1.2% of tax will help the exchange to the first step toward making the asset deflationary. In a post Terra Classic community members Edward Kim and Alex Forshaw have revealed a rough roadmap of the community-driven
Terra platform’s downfall in May included the collapse of the TerraUSD stablecoin. A court in Seoul issued a warrant for Do Kwon and five others on suspicion. A fresh investigation is going on Terra (LUNA). Today A court in South Korea has issued an arrest warrant for Do Kwon. The
At the time of writing, the price of LUNC was $0.0003, down 17% in the previous 24 hours. Today, at 9:00 a.m., it is trading at $0.0003559, quite bullish, with one target of 0.001 before the LUNC burn. Nowadays Terra Classic (LUNC) is trending. As people have thought that the
The firm bought 30 million LUNA in Terra early on and ended up losing. At its peak, the 30 million tokens bought by Hashed were valued around $3.6 billion. Hashed had a $3 billion loss on the Terra investment, according to new information from Bloomberg. According to Simon Seojoon Kim,
