The Terraform representative accused South Korean prosecutors of exceeding their jurisdiction. The spokesman says the case regarding Do Kwon is ‘highly politicized.’ The Terraform Labs representative recently claimed in a statement that the South Korean authorities are overstepping their bounds by obtaining a warrant for the detention of Terra founder,
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
Upbit’s Luna Fee Utilization Committee has agreed to split transaction fees. A white paper explaining what led to the LUNA problem is part of the near-term agenda. Upbit, the leading cryptocurrency exchange in South Korea, has a plan to split the about $4.6 million in Terra LUNA transaction fees it
3313 BTC was transferred to both the Kucoin and OKX wallets. This was allegedly done shortly after Kwon’s arrest warrant was issued on September 14th. Luna Foundation Guard [LFG] transferred 3313 Bitcoins worth over $69 million to two cryptocurrency exchanges operating outside of South Korea. This was allegedly done shortly
LUNC attained a massive surge, registering 41.93% in the last 24 hours. Recently, LUNC’s price dropped dramatically following Do Kwon’s arrest warrant. The controversies regarding TerraLabs founder, Do Kwon are still going through the global cryptocurrency market. The arrest warrant and recently issued red notice by Interpol for Do Kwon
Binance adopted the Terra Classic burn mechanism on Trading Fees. LUNC increased by 161% from the previous month. Finally, the LUNC community’s most awaited response from Binance CEO Changpeng Zhao (CZ) on the proposal of burning trading fees has come true on Monday. Binance announced that the exchange would create
Interpol demanded the law enforcement agencies find and detain Do Kwon. According to authorities, Kwon is accused of defrauding investors’ money in the country. The arrest of Terraform Labs founder Do Kwon has been demanded by regulators globally. Now, the South Korean authorities have said that the International Criminal Police
The community is pushing Binance to allow the tax burn on off-chain. The price of Terra Classic (LUNC) dropped by roughly 10% in an hour. In an Ask Me Anything session on Friday, Binance CEO “CZ” claimed the cryptocurrency exchange will not be implementing the 1.2% tax burn for off-chain
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
