As per South Korean authorities, Do Kwon left Singapore last month for Dubai. 4,400 former Terra investors started searching for Kwon, following the actions taken by South Korea. Do Kwon, the CEO of Terraform Labs, left Singapore last month for Dubai, claimed by the South Korean authorities. According to the
Binance’s “The Community Showdown” is a contest to crown the famous three cryptos. The competition will end on 28th October 2022 at 23:59 (UTC). Binance has started a competition on the Twitter platform to reward the supporters of the cryptocurrency community with a huge audience set. “The Community Showdown” is
Consolidation charge for on-chain transactions like withdrawals and deposits: 0.2%. The exchange will also cut burn tax from 1.2% to 0.2%. Binance cryptocurrency exchange stated on Wednesday that it will reduce the burn tax on Terra Classic (LUNC) from 1.2% to 0.2%. Proposal 5234 was approved by the Terra Classic
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
The crypto market volume increased by over 447% in the last 24 hours. Huobi Token surged over 75% within the last 7 days. Following the prolonged bear market and the more than 70% of losses, currently, the global cryptocurrency market is witnessing some recovery. Early today, cryptocurrencies were trading in
The volunteer developer community now has its own Terra Rebels subReddit. Using this subReddit, members of the community may discuss and share their opinions. The Terra Classic (LUNC) price has increased by more than 8% after a drop on Tuesday, the same day that Terra Rebels released their official subReddit.
USTC is currently trading around $0.04028, which has increased by nearly 29.52% in the last 7 days. USTC reached around $0.06432 in 30 days, near its 90-day high value. Terra Classic USD (USTC), the algorithmic stablecoin of the Terra payment platform, is witnessing a massive price surge in the global
In conjunction with Kwon’s actions, police have also detained one close aide. Kwon is the subject of a “Red Notice” from Interpol, the international police agency. On Thursday, South Korean officials started the process of revoking the passport of Do Kwon, founder of Terraform Labs, whose firm was responsible for
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
