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Do Kwon made his first public appearance since the fall of Luna, with an interview he did with Coinage. There's been a lot of negative sentiment against Do Kwon, with speculators believing that Do Kwon has also profited from the fall of UST.
Do Kwon should better call Seoul fast and hire the best lawyer in the city to defend him when things start to get serious, following the collapse of Terraform Labs.
After Terra's collapse in May, Do Kwon and Terraform Labs became defendants in numerous lawsuits. Terra's Do Kwon allegedly hires new lawyers.
A string of conferences in Seoul explored the future of DeFi, but the $40 billion blowup of a major Korean project was not on the agenda.
Terraform Labs founder Do Kwon finally breaks his silence after the $60B implosion of the Terra ecosystem that shook the crypto industry. Trustless Media co-founder Zack Guzman, who flew to Singapore to capture the exclusive for the new "NFTV" show Coinage, shares his insights about the interview, along with building a Web3 media company.
Do Kwon, the disgraced founder of the once multi-billion dollar Terra ecosystem, has hired new lawyers in South Korea to prepare for a legal brawl in light of an investigation by the Seoul Southern District Prosecutors Office.
Kwon and Terraform Labs are facing multiple lawsuits following Terra's collapse in May.
Days after appearing in public following the demise of his company that has sent ripples across the cryptocurrency sector, the
The May month's Terra (LUNA) crash that pulled down the whole of the crypto space. Since then Terraform Labs, its founder Do Kwon and all other related members are under close scrutiny by South Korean Officials.
Terraform Labs co-founder Do Kwon has claimed that Korean authorities haven't contacted or filed any charges against him in the Terra investigation.
Do Kwon now admits to his losses, maintaining that Terra was a big gamble that failed.
Jesse Powell, the CEO of cryptocurrency exchange Kraken, has criticized government sanctions against Ethereum (ETH) coin mixing service Tornado cash,
Terra founder Do Kwon has hired lawyers from a domestic law firm to prepare for legal action in response to the investigation by the Seoul Southern District Prosecutors' Office. The South Korean prosecutors recently conducted search and seizure at 15 crypto companies, raided homes and offices of Terra executives and affiliates, and issued notices against The post Breaking: Terra Founder Do Kwon Hires Lawyers For Preparing Legal Actions appeared first on CoinGape.
Do Kwon, founder of Terraform Labs, recently spoke with cryptocurrency media company Coinage in Singapore — his first media interview since the collapse of Terra Luna earlier this summer. Here's what he discussed: Before Terra collapsed, Kwon and Terraform Labs bought billions of dollars in Bitcoin, attempting to back the ecosystem's stablecoin, UST, by a basket of assets rather than just Terra.
The collapse of the algorithmic stablecoin Terra and its native token, LUNA, created a great storm in the cryptocurrency space. Many investors watched as the Terra ecosystem crumbled with TerraUSD (UST) and LUNA hitting the zeros.
Coinage aired Do Kwon's first interview since Terra's spectacular implosion Monday. However, viewers have widely criticized the piece for failing to answer some of the community's burning questions over the collapse.
‘Life is long!', Do Kwon remarked when asked about potential jail time.
Cryptocurrencies started the year 2022 on a decent note but things changed in the month of May with a collapse of the Terra network. This incident had the worst effect on the whole crypto space as the network lost more than $40 billion in a matter of weeks.
The collapse of the Terra ecosystem earlier this year in May 2022 shook the entire crypto fraternity as it led to a humongous wealth erosion of more than $40 billion in a matter of a week. Ever since South Korean regulators have been on their toes investigating the matter of what led to the collapse.
In an interview, Do Kwon relived the darkest 6 days of May when Luna fell from $80 to less than $1 and triggered a massive sell-off across the crypto market.
Since June 13, Terra Luna's price has traded in a sideways market. Today, it is down by 2 percent.
Terra's Do Kwon gave his first extensive interview for first time since project's collapse
Do Kwon claims that prosecutors in South Korea have not contacted him about Terra and the $40 billion crash.
Do Kwon has said South Korean investigators looking into the collapse of Terra have not reached out to him and that he has never been in touch with them. The post South Korean investigators ‘haven't reached out' about Terra collapse, says Do Kwon appeared first on The Block.
