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 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
The initial Terra leading and autonomous lending platform Mars protocol has the ability to accept any type of digital value for deposits and loans, including LP tokens, cryptos, and more. It revealed on January 20 that it would launch its own cosmic application chain on January 31 and give Terra
Australia’s second native currency-backed stablecoin is going to be live soon, as regulated banks around the globe are turning their focus over the stablecoins. National Australia Bank (NAB) has developed an AUDN, having a one-to-one peg with the Australian dollar. Australia and New Zealand Banking Group Limited (ANZ) released the
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
According to a tweet from the platform on Sunday, the Terra Classic casino and Terra Casino (@TerraCasino_io) have burnt over 23 million Terra Luna Classic (LUNC). After transferring 5 million LUNC to the burn wallet on Christmas day, the betting site reached the 23 million LUNC milestone. Note that when
The price of Terra Classic (LUNC) has increased by over 10% in the previous 24 hours. In contrast to other altcoins, LUNC’s price has risen by about 25% in the last week despite the market’s volatility. But the LUNC rally isn’t over yet, and it seems like it will gain
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
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
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
