Keep up with what's happening in the crypto world in real-time.
All Filters (1)
South Korean authorities have apprehended the first suspect in the collapse of the Terra blockchain ecosystem. On Oct. 6, reports of Yoo Mo's arrest as the leader of Terraform Labs' business team surfaced in the Korean media.
According to a report from CNBC, South Korean authorities apprehended Terra's Head of General Affairs, Yu Mo, as part of their investigation against Do Kwon and the LUNA debacle. The suspect was captured without an arrest warrant to prevent him from fleeing the country.
The arrest comes after the country invalidated Terra co-founder Do Kwon's passport.
A court in South Korea has issued an arrest warrant for crypto executive Do Kwon, the head and founder of blockchain platform Terraform Labs.
Do Kwon debunks the theory that he has a connection to a Bitcoin wallet holding BTC worth $40 million.
In other developments, South Korea has arrested a suspect in connection with Terra's collapse on charges of fraud and a breach of duty concerning market manipulation.
South Korean authorities make the first arrest in the ongoing Terra/Luna investigation capturing Terra's Head of General Affairs, Yoo Mo.
Don't be fooled again. Terra Luna Classic might be rising now, but it could go to zero tomorrow.
South Korean authorities have reportedly made the first arrest in the ongoing investigation of the Terra ecosystem collapse.
“No funds have been frozen,” claims Terra founder Do Kwon in response to reports that some $67m of his crypto has been put in a metaphorical freezer by South Korean authorities.
It's been more than four months since Terra (LUNA) collapsed and amidst all the investigations by the South Korean officials and the founder Do Kwon on a run, the country's police have reportedly arrested the first person involved with the collapse.
South Korean prosecutors' office looks to arrest Terra‘s head of general affairs after getting a bench warrant issued against him. Prosecutors earlier requested an arrest warrant against him on charges of violating the Capital Market Act, fraud, and market manipulation.
The Seoul Southern District Prosecutors' Office has reportedly arrested a Terraform employee named Yu, making its first arrest in the case. The post South Korea makes first arrest in Terra case, JTBC reports appeared first on The Block.
The head of the business team of Terraform Labs was a part of Do Kwon's inner circle.
An employee of Terra-LUNA who South Korean prosecutors apprehended exemplifies the ancient adage “You can run, but you cannot hide.” Investigations into the collapses of Terra LUNA and UST have spanned months and taken up the better part of 2022.
The South Korean authorities may soon invalidate the passport of Terraform Labs founder Do Kwon The South Korean authorities have issued a public notice to Kwon, stating that he should return his passport within 14 days. In a new public notice uploaded by South Korean authorities, Do Kwon has 14 days to submit his passport to the Ministry.
The head of Terraform Labs Pte Ltd, Kwon Do-Hyung, also known as Do Kwon, received a warning on Wednesday from the South Korean Ministry of Foreign Affairs stating that if Kwon does not surrender his passport, it will be revoked in four weeks. According to reports, Kwon was given the order to return his passport
South Korea's Ministry of Foreign Affairs has invalidated the passport of Terra founder Do Kwon passport, saying he has 14 days to return it. The post Terra LUNA and LUNC Prices Drop Following Do Kwon Passport Invalidation appeared first on BeInCrypto.
Terra founder Do Kwon is soon set to lose his South Korean passport as authorities look to intensify the pressure on the fugitive. The South Korean authorities have asked Do Kwon to return back home and face the charges over the $60 billion crash of the Terra ecosystem.
South Korean authorities have reportedly frozen $40 million in crypto assets, including bitcoin, allegedly belonging to Luna founder Do Kwon. However, Kwon denied that any funds of his have been frozen. “I don't even use Kucoin and Okex, have no time to trade, no funds have been frozen,” he insisted.
Do Kwon has 14 days to return his passport, according to a notice on a government website.
CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Bitwise CIO Matt Hougan explains the crypto asset manager's new web3-focused ETF.
The beleaguered TerraForm Labs CEO Kwon Do-hyung, also known as Do Kwon, denied reports on Wednesday that South Korean prosecutors have frozen Bitcoin (CRYPTO: BTC) assets worth 56.2 billion won ($39.6 million) of Terra Luna Foundation. South Korea's News1 reported that on Sept.
