South Korean regulator, Seoul Southern District Prosecutor’s Office, succeeded in recovering 210 billion won, worth $160 million at press time, from 8 suspects of the Terra Luna collapse. Reportedly, the authorities seized properties that were “unfair profits” earned by the Terraform Labs co-founder Shin Hyun-Seong also known as Daniel Shin
Terra Classic (LUNC) DeFi platform, Terraport launched after several months of anticipation. The platform is built by the TerraCVitta development group. Terra classic offers LUNC-based Decentralised Exchange (DEX) and a launchpad for Terra Classic Ecosystem. Terraport announced the launch of Terra Classic on its Twitter page on March 31. The
Daniel Shin, one of the co-founders of Terraform Labs, appeared for interrogation at a South Korean court explaining his role in the failure of LUNA/UST. LUNA (now LUNC), the native token of Terra Classic, and UST(now USTC), the algorithmic stablecoin – seemingly collapsed last spring. Daniel Shin Answering on LUNC
With the arrest of Terra’s co-founder Do Kwon and former Chai Corp CEO Han Chang-joon in Montenegro last week, prosecutors in South Korea said on Monday that they are seeking an arrest warrant for Terraform Labs’ co-founder Daniel Shin. Do Kwon and Han Chang-joon, the former CEO of Chai Corp,
According to reports, Terraform Labs co-founder and defendant Do Kwon will file an appeal against the court’s decision to prolong his custody by up to a month in Montenegro. The 31-year-old developer apparently went into hiding for a while when the project’s native token, LUNA, and its algorithmic stablecoin, UST,
Finally, on Thursday in Podgorica, Montenegro, police apprehended Do Kwon, CEO of Terraform Labs. The Montenegrin police say they have captured a person they believe is Terraform Labs’ CEO; they identify Kwon as one of the most wanted fugitives and a South Korean national. Over the last several months, law
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
