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South Korean authorities extend Terra's probe after Daniel Shin's home got raided as a part of the ongoing investigation of the Terra collapse so let's read more today in our cryptocurrency latest news.
Cyrus Younessi, former Head of Risk Management at MakerDAO, predicted Terra (LUNA) drama back in 2018
Three Arrows Capital has consistently been in the news for unpleasant reasons.
Trades involving the Grayscale Bitcoin Trust (GBTC), Terra's luna (LUNA) and terraUSD (UST) tokens eventually led to the blowup of insolvent crypto hedge fund Three Arrows Capital, the 3AC founders said. "The Hash" panel discuss the latest in the Three Arrows saga.
According to the news in the South Korean media, the Terra LUNA raids started by the prosecutor's office the other day continue. Finally, on Wednesday, it was stated that the house of Daniel Shin, one of the founders of Terra LUNA, was also searched.
“What we failed to realize was that Luna was capable of falling to effectively zero,” Three Arrows Capital co-founder Su Zhu said.
TFL co-founder Shin's home raided as South Korea widens LUNA collapse probe. Prosecutors have raided several crypto exchanges and offices linked to the collapse.
Su Zhu revealed the 3AC team had close ties to Terra co-founder Do Kwon, which made them overlook many red flags with the project that eventually led to a multi-million dollar loss for the hedge fund.
It's been more than two months since Terra (LUNA) collapsed, but the investigation around its founder Do Kwon does not seem to end. As per the recent developments, co-founder of TerraForm Labs, Daniel Shin's home and office have been raided by the South Korean Financial and Securities Crime Investigation Team.
Prosecutors raided the Seoul home of Terraform Labs co-founder Daniel Shin as part of an investigation into the collapse of Terra's UST.
South Korean authorities have raided the home of Terraform Labs co-founder Daniel Shin. Officials also recently sent prosecutors and investigators to seven cryptocurrency exchanges in connection with the case.
The South Korean prosecution service's recent raid of 15 locations as part of the probe into the “Terra (LUNAC) incident” saw officers search the home of the Terraform Labs co-founder Daniel Shin.
The events related to the Terra and Luna collapse highlight why trading platforms need to provide clarity and education for their users. With tighter regulations looming, demonstrating responsibility and a commitment to consumer protection is vital if trading platforms are to thrive.
South Korean authorities are continuing their investigation into fraud allegations at the center of the Terra collapse.
Financial watchdogs in South Korea are checking commercial banks' foreign exchange transactions for the illegitimate use of cryptocurrencies. An unnamed Financial Supervisory Service official said that some of the transactions in question included cryptocurrency exchanges.
Prosecutors from South Korea are aggressively investigating the sudden crash of Terra and its native tokens, TerraUSD and LUNA.
The after effects of Terra (LUNA) crash are still hovering around the crypto space. It's just yesterday that 15 South Korean firms got raided by the country's prosecutors, to check their connection with the Terraform Lab tokens LUNA and US.
South Korean prosecutors have executed raids on seven local crypto exchanges as part of the ongoing investigation into Terraform Labs' activities. Search and seizure operations have been carried out on several exchanges and related offices looking for evidence of illegal practice involved in the collapse of the cryptocurrency Luna in May.
Korean prosecutors raid exchanges after the Terra probe as a part of the ongoing investigation into the Terraform activities so let's have a closer look at our latest cryptocurrency news today.
The South Korean government announced a big measure for the virtual asset industry. The authority declared that the taxation of cryptocurrency will be postponed for two years.
On Wednesday, as part of their investigation into the Terra-LUNA fiasco, South Korean prosecutors raided 15 companies, including seven cryptocurrency exchanges. Choi Sung-kook, prosecutor in the Seoul Southern District Prosecutor's Office, told Forkast without elaborating, “[The search and seizure] is to secure any physical evidence needed to prove the allegations”. After investors of the collapsed...
Coinspeaker Criminal Investigative Squad Raids 15 Entities Linked to Terra Collapse in South Korea
The Terra Luna price has moved sideways in the past few days as demand for the coin waned. What next for the LUNA crypto?
South Korean regulators have reportedly raided entities that are connected with Terraform Labs as another effort in the ongoing investigation of the case.
