by COINS NEWS - 1 year ago
A year ago today Terra USD began it's final depeg from $1 with the price sitting at $.9999 after two days of fighting to hold the peg, the price plunged down to $.80 and then $.16 by the end of the week. A year later the price of the unback...
Cryptocoins News / The Cointelegraph - 1 year ago
The former Terraform Labs CEO could face 40 years in jail in South Korea, the country where he committed most of his crimes, according to local authorities. South Ko...
Cryptocoins News / The Cointelegraph - 1 year ago
Federal securities laws only apply in the United States, but the protocols were developed overseas, argues Terraform Labs. Terraform Labs is seeking to have a class a...
Bitcoin News / Bitcoin.com - 1 year ago
Almost 12 months back, terrausd (UST), an algorithmic stablecoin, suffered a detachment from the U.S. dollar, causing the Terra ecosystem to crumble shortly thereafter. At present, supporters of the Terra Classic blockchain community are deliberating...
Bitcoin News / Bitcoin.com - 1 year ago
In the wake of the recent legal action against ten associates of Terraform Labs, which included the co-founder Shin Hyun-seong, known to many as Daniel Shin, it appears that prosecutors from Seoul are convinced that Terraform Labs and co-founder Do K...
Cryptocoins News / Blockchain - 1 year ago
Shin Hyun-seong, co-founder of Terraform Labs, has been indicted along with nine other individuals for the collapse of the Terra stablecoin ecosystem. They are accused of fraud, breach of trust, and embezzlement, with illicit profits of nearly $350 m...
Cryptocoins News / Blockchain - 1 year ago
Do Kwon, CEO of Terraform Labs, has requested the dismissal of charges filed by the SEC, arguing that the claims are invalid and that the agency lacked proper jurisdiction. Kwon's counsel stated that Terra's tokens and projects were not specifically...
Bitcoin News / Bitcoin.com - 1 year ago
Recent local reports have brought to light that Shin Hyun-seong, also known as Daniel Shin, co-founder of Terraform Labs, has been indicted by the Seoul Southern District Prosecutors’ Office on charges of fraud. Along with nine others, Shin is...
Cryptocoins News / EthereumWorldNews - 1 year ago
Summary:
10 persons involved with crashed crypto company Terraform Labs were indicted on multiple charges on Tuesday.Daniel Shin who co-founded Terra alongside Do Kwon was also formally charged, though his lawyers claim Shin left the company in...
Cryptocoins News / The Cointelegraph - 1 year ago
The indictment of 10 individuals associated with Terraform Labs, including co-founder Hyun-seong Shin, comes after 11 months of investigation into the collapse of Terra....
Cryptocoins News / Blockchain - 1 year ago
A South Korean court dismissed charges of security violations against former Terraform Labs CEO Hyun-seong Shin, ruling that LUNA is not a security under the country's Capital Markets Act. The court rejected the prosecution's appeal for confiscation...
Bitcoin News / Bitcoin.com - 1 year ago
Amidst the allegations against Do Kwon, the co-founder of Terraform Labs, a recent report by the Korean Sunday News has revealed that the Seoul Southern District Court has ruled in favor of LUNA, now renamed LUNC, by stating that it is not a financia...
Cryptocoins News / EthereumWorldNews - 1 year ago
Summary:
The Terra Classic cryptocurrency created by Do Kwon does not classify as a security, a South Korean District Court ruled in February after a similar ruling back in November last year.South Korean prosecutors requested a judgment from th...
Cryptocoins News / The Cointelegraph - 1 year ago
The court says that It is difficult to see the Luna token as a financial investment product regulated by the Capital Markets Act. A South Korean district court has di...
Cryptocoins News / Blockchain - 1 year ago
Do Kwon, co-founder of Terraform Labs, has defended himself against allegations of fraud from the US Securities and Exchange Commission (SEC). Kwon’s lawyers have requested the dismissal of the lawsuit, claiming that the SEC's allegations are unfound...
Cryptocoins News / Blockchain - 1 year ago
Terraform Labs co-founder, Do Kwon's lawyers have argued in court against the SEC's lawsuit for illegally offering unregistered securities. The lawyers claim the SEC's acquisitions are unfounded and that the stablecoin in question is a currency, not...
Cryptocoins News / Blockchain - 1 year ago
The Prosecutor’s Office of the State of Podgorica has indicted former Terraform Labs co-founder Do Kwon for allegedly forging legal documents. Kwon was arrested in March after allegedly attempting to board a flight to Dubai with fake documents. Han C...
Bitcoin News / Bitcoin.com - 1 year ago
Nearly a month after Do Kwon’s arrest by Montenegro law enforcement, local prosecutors have now indicted the co-founder and CEO of Terraform Labs. The decision to indict Kwon is likely to delay attempts to extradite him to South Korea and the U...
by COINS NEWS - 1 year ago
While Terraforms’ Do Kwon and Han Chang-jun are facing charges in Montenegro, the other co-founder, Shin Hyun-seung, still walks free in South Korea. Prosecutors in Mo...
