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Prosecutors in Korea have blocked Terra developers from leaving the country as investigations into the failed crypto project continue. The post Korea bars Terra developers from leaving the country: JTBC News appeared first on The Block.
South Korea's Joint Financial and Securities Crime Investigation have imposed a departure ban on a Terra designer.
Terra designer blocked from leaving Korea as investigations into the $40 billion LUNA wipe-out intensify.
Terra designer blocked from leaving Korea as investigations into the $40 billion LUNA wipe-out intensify.
Following the infamous collapse of the Terraform Labs' stablecoin TerraUSD (UST) and native token Terra (LUNA), the South Korean prosecution's.
Many have been claimed as victims of the cryptocurrency crash for several weeks. In addition to retail investors who have lost their savings, institutional investors have also been hit hard and especially the firms which have funded a large number of crypto projects. Three Arrows Capital (3AC) has just confirmed the rumors that states it...
A lawsuit has been filed in U.S. District Court, Northern District of California, by Scott+Scott Attorneys at Law, against Terra (CRYPTO: LUNA) founder Do Kwon and his developer company Terraform Labs. In the lawsuit, it is stated that Kwon's project team misrepresented Terra's stability to win the trust of crypto investors.
In light of regulatory actions following the collapse of Terra's LUNA and its UST stablecoin, holders of these crypto-assets now seek compensation for their losses. On 13 June, a class-action lawsuit was instituted against Binance.US and its CEO Brian Shroder by Jeffrey Lockhart, who sued for himself and on behalf of all other “similarly situated” […]
Digital assets are the future, Bermuda Premier David Burt said during the Consensus 2022 conference. He's not worried about his country being shut out by jurisdictions like the EU.
Unforgivable irresponsibility, or deliberate scam. Who will take responsibility for Terra crash?
Do Kwon, TerraForm Labs, and initial financial backers of LUNA and UST have been sued in a Californian court for carrying out an unregistered securities offering and misleading investors. The additional defendants in the lawsuit include Terra's backers of Jump Crypto, Jump Trading LLC, Republic Capital, Republic Maximal LLC, Tribe Capital, DeFinance Capital/Definance Technologies OY, GSR Markets Limited, Three Arrows Capital, and Nickolas Platias.
Do Kwon broke the silence after a week of inactivity, urging community members to be the change they want to see.
Three arrows capital or 3AC confirms heavy losses after the LUNA collapse and now the company's co-founder is looking into the possibility of selling assets and rescuing the company so let's read more today in our latest cryptocurrency news. The crypto fund Three Arrows Capital – 3AC confirms it suffered heavy losses in the recent […]
Do Kwon, Terraform Labs CEO, posted a Twitter message expressing his newest thoughts on the cryptocurrency market crisis. Terraform is a cryptocurrency ecosystem that caused an enormous crisis for traders after its stablecoin TerraUSD and token Terra (LUNA) failed. Additionally, on June 18, Bitcoin plummeted under the critical $20,000 support level, which marked the lowest …
Coindesk released an article pointing out that the ETH address responsible for the LUNA crash belongs to Terra.
Can these once high-flying cryptocurrencies deliver encore performances?
Coinbase has yet again been slammed with another lawsuit due to the issues emanating from the mishap suffered by Terraform Labs. According to the filing details, the company failed to alert users that it had a standing relationship with LUNA's parent company, Terra.
Do Kwon, the CEO of Terraform Labs, a cryptocurrency ecosystem which caused significant losses for investors when both its stablecoin.
The crypto town has been in a quagmire for a brief period of time, which now feels like an eternity. The torments left behind by factors like global recession, 3AC and Celsius-like crisis, have left the industry engulfed by fear and panic. Successively, the market capitalisation of the business and exchange rates of cryptocurrencies have …
Citing an insider scoop, Autism Capital claimed that Abracadabra accrued $12 million in bad debt as a direct result of Terra's sudden downfall, which has been refuted by founder Daniele Sestagalli.
Dogecoin (DOGE) co-founder hopes the crypto community will learn from the failures of Celsius, LUNA, and Three Arrows Capital. He also cautioned about the possibility of more financial turbulence ahead.
Kicking the tires on crypto projects and holding people accountable for flaws within them is how the industry will improve and grow.
The popular decentralized stablecoin lost its dollar peg and fell to pennies in May. A South Korean blockchain analysis firm suggests the death spiral was sparked by transactions from a wallet linked to the lead Terra developer – though any motivation or rationale remains a mystery.
The company's co-founder said it's looking into the possibility of asset sales and a rescue by another firm.
