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South Korean prosecutors carried out search and seizure operations at local crypto-currency exchanges and related offices, looking for evidence of illegal practice involved in the collapse of crypto-currency Luna in May.
On Wednesday, a team of South Korean investigators raided the offices of seven domestic crypto exchanges as part of an ongoing probe into the fall of Terraform Labs' dual tokens LUNA and TerraUSD (UST) according to a report in a local media outlet.
A group of investigators from the Seoul Southern District Prosecutors Office raided local crypto exchanges on Wednesday in an ongoing investigation into the infamous Terra Luna crash, Yonhap News Agency reported. As stated in the report, authorities went on a raiding spree on seven crypto trading platforms suspected to have aided the sudden collapse of Terra that wiped off millions of dollars from Korean investors.
The company is said to be under investigation for running an alleged Ponzi scheme, among other transgressions.
The Seoul Southern District Prosecutors Office reportedly raided the offices of crypto exchanges Upbit, Bithumb, Coinone, Korbit, and Copax and others on Wednesda
South Korean prosecutors raided top exchanges amid Terra investigation
As part of the investigation into the collapse of Terra in May, South Korean prosecutors raided seven local crypto exchanges on July 20, according to a report by Yonhap News Agency. The post South Korean investigators raid 7 local exchanges in Terra probe appeared first on CryptoSlate.
South Korean prosecutors' raids on seven local crypto exchanges are part of an ongoing investigation into Terraform Labs' activities.
South Korean prosecutors have raided 15 locations in Seoul as part of their ongoing probe into the “Terra (LUNAC) incident” – and have seized documents and data from at least seven crypto exchanges, including the market-leading platforms Upbit and Bithumb.
South Korean prosecutors have reportedly raided seven local cryptocurrency exchanges as part of the investigation into Terraform Labs. The post Prosecutors raid South Korean crypto exchanges in Terra investigation: Yonhap appeared first on The Block.
Terra's saga intensifies as prosecutors raid exchanges and seize transaction records.
Terra Classic (LUNC) Price Analysis Terra Classic after a long time has displayed a significant bullish divergence while the bears attempt very hard to restrict the price lower. Despite the market sentiments thriving, no growth in the volume is recorded in recent times.
The after effects of Terra (LUNA) crash is still being hovered around the crypto space. Once the Terra (LUNA) collapsed there was an investigation ordered by the court. The investigations are based on the fraud committed by Terraform Labs.
Seven exchanges and eight other addresses have been raided in connection to the Terraform Labs fraud investigation.
The Terra probe continues to bring trouble to the South Korean crypto ecosystem. Reports suggest that the country's authorities took the investigation a step ahead on Wednesday with latest moves.
This article is a complete guide on LUNA 2.0 vs LUNA Classic. In fact, the token LUNA gained more than 2,000% within 2 months in 2021.
According to the MAS managing director, TerraForm Labs, Luna Foundation Guard, and Vauld were “not licensed or regulated" by Singapore's financial watchdog.
Ravi Menon, the managing director of the Monetary Authority of Singapore, indicated that crypto entities like Terraform Labs, the Luna Foundation Guard and Three Arrows Capital are not licensed by MAS.
The crypto lending platforms are not in a good position right now where bankruptcy is hovering around the firms. The major of them include Three Arrow Capital (3AC) and Celsius.
The central bank and financial regulatory body in Singapore, the Monetary Authority of Singapore (MAS) intends strengthening crypto regulations to prevent Terra-LUNA and Three Arrows Capital (3AC) like crisis. Moreover, Ravi Menon, managing director of the MAS, on Tuesday said tightening retail investors' access to crypto will be in focus as the central bank plans The post Central Bank Tightening Crypto Regulations Against Terra-LUNA And 3AC Crisis appeared first on CoinGape.
The price of Terra has been on a tear, with the market recording a significant increase in prices. The bulls took control of a rally that brought prices as high as $2.02 per in the past 24 hours.
Our Terra LUNA price prediction has flipped bullish for the short term as the price has broken out of the falling wedge.
As the cryptocurrency market atmosphere continues to move away from pessimism and the global market cap reclaims the $1 trillion.
The crypto market cap after a pretty long wait has regained its lost levels above $1 trillion as the Bitcoin market cap approaches $500 billion and Ethereum $180 billion. Usually, Terra(LUNA) & TerraClassic(LUNC) prices consolidate while the top cryptos jump into action.
