On Monday, authorities in Singapore announced that they had opened an investigation into Terraform Labs Pte, the firm co-founded by South Korean national Do Kwon. Terraform Labs is now operational in Singapore, with the number of active projects rising steadily. On March 6, Bloomberg reported that the Singapore Police had
The Terra Classic revival roadmap organization Terra Rebels stated that it continued to work on independent wallet infrastructure rollout for LUNC. According to the Terra Luna Classic volunteer team, which is currently dealing with fraud allegations, the anticipated alternative LUNC web extension called “Rebel Station is in the pre-production stage”.
The U.S Securities and Exchange Commission (SEC) has sued Terraform Labs and its founder, Do Kwon, for misleading investors in what the commission called a “multibillion-dollar fraud”. SEC claimed in its court filing in the Southern District of New York that, since beginning in April 2018, Kwon sold a range
According to recent court filings, Albright Capital, an investment firm, voluntarily dismissed its lawsuit against Terraform Labs. In its case, Albright Capital claimed Terraform Labs had promoted the UST, Terra (LUNA), and misleadingly associated Terra cryptocurrencies. Zhu SU About the Dismissal After the Terra collapse in May 2022, Albright Capital
While the global cryptocurrency market is still in a consolidation stage, the price of Terra Classic (LUNC), the original chain of the collapsed Terra (LUNA) ecosystem, is surging. LUNC continues to be lifted by increased buying pressure. The price of Terra Classic has soared by around 21% in the last
As an important case in the market, the location of Do Kwon, the founder of Terraform Labs remains hidden from the crash of the entire Terra network. The South Korean government was taking out so many initiatives to find his whereabouts. In light of this case, Kwon cashes out a
Do Kwon, the CEO of Terraform Labs, is still being sought around the world, and the South Korean government now thinks he may be in Serbia after departing Singapore in September. As per the report, South Korean police investigated a tip about Do Kwon’s whereabouts and were able to determine
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
The class action complaint claims Kwon and his colleagues lied to investors. South Korean officials reportedly filed an arrest order for him in September. Investors who lost roughly $57 million in the UST de-pegging incident have launched a lawsuit against Terraform Labs’ founder, Do Kwon. The class action complaint claims
Over recent months, the South Korean government has been monitoring the activities of the Terrafarms Labs, CEO – Do Kwon. In mid May, the entire Terra community crashed and faced a terrible issue affecting the investors and the users. Following the South Korean authorities was seeking to arrest Do Kwon
