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Over the past four months, the LUNC price has been consolidating between the buying climax at $0.0002 and the selling climax at $0.00012. However, with increasing bearishness in the crypto market, this altcoin shows a breakdown attempt from the $0.00012 bottom support, Indicating the resumption of the prevailing downtrend.
South Korean authorities have been investigating Terraform Labs' co-founder, Daniel Shin, following suspicions of involvement in promoting unstable and uncertain investment opportunities with Terra (LUNA) and TerraUSD (UST) tokens.
Serbian lawyers helped Terra fugitive Do Kwon set up a shell company after global authorities issued notices for his capture.
According to reports, the co-founder of TerraForm Labs, Do Kwon, was detained by the police in Montenegro last week at the airport in the capital city of Podgorica. Kwon, who has been on the run from the authorities in South Korea, is now planning to file an appeal against his incarceration as a result of
South Korean authorities are making a renewed push to detain Terra co-founder Shin Hyun-Seong, also known as Daniel Shin, after the arrest of co-founder Do Kwon. Shin is suspected of involvement in promoting unstable investment opportunities with Terra tokens, with allegations of fraud and illegal fundraising.
Interpol issued a Red Notice for Do Kwon in September, and three weeks later he registered a company in Serbia. According to official records obtained from the Serbian Business Registry, Kwon opened a company called “Codokoj22 d.o.o.
Do Kwon, co-founder of TerraForm Labs, was reportedly arrested by the Montenegro authorities last week at Podgorica's capital airport. Kwon, who has been on the run from South Korean authorities, is now set to appeal his detention after the Montenegrin court ruled to extend it by 30 days.
The judge concluded that there are "concrete circumstances" indicating that Kwon could be a flight risk — especially considering he is a foreign citizen.
South Korean authorities have intensified their attempts to arrest Shin Hyun-Seong (Daniel Shin), Terra's second co-founder, after the alleged “runner,”
South Korean prosecutors are renewing efforts to arrest Terraform Labs (TFL) co-founder Daniel Shin, Bloomberg reported on March 27.
Usually, Montenegro authorities typically allot detention for up to 72 hours. However, Kwon's 30-day extension has been approved after authorities highlighted the greater possibility of an escape.
The Terraform Labs CEO Do Kwon has complained that his “rights” are being “violated.” And legal experts warn that it could be “years” before his case is heard if he is extradited to face charges in his native South Korea.
South Korean prosecutors' office on Monday said they seek an arrest warrant against Terraform Labs' co-founder Daniel Shin after the arrest of Terra co-founder Do Kwon and former Chai Corp CEO Han Chang-joon in Montenegro last week. CoinGape earlier reported that Do Kwon and former Chai Corp CEO Han Chang-joon established a crypto business in
Kwon's attorneys will seek to reduce the 30-day detention extention period ruled by the Montenegrin authorities.
Authorities have previously alleged that Shin earned roughly $105 million in profits from illegal sales of LUNA tokens before Terra's collapse.
South Korean prosecutors have recently made a fresh effort to arrest Daniel Shin, a financial technology entrepreneur who played a significant role in co-founding the Terraform Labs crypto project, as per Bloomberg.
Federal prosecutors in New York have filed charges against Terraform Labs co-founder Do Kwon hours after his arrest at the Podgorica airport in Montenegro on Thursday.
According to the Montenegro-based newspaper Vijesti, Do Kwon, the co-founder of Terraform Labs, also known as Kwon Do-hyung, is appealing the detention extension ordered by a Montenegrin court. Kwon was arrested on March 23, 2023, after being caught at Podgorica Airport in Montenegro while traveling with fraudulent identification documents.
Do Kwon, the co-founder of Terraform Labs, is reportedly appealing the court's decision to extend his detention time for up to 30 days. Kwon was arrested in Montenegro while attempting to fly to Dubai with fake documents.
Terraform Labs co-founder Do Kwon will appeal the Montenegrin court's decision to extend his detention time for up to 30 days. Kwon was caught using fake documents at the airport and was detained due to the high possibility of escape.
As the news of Terra co-founder Do Kwon's arrest reached the crypto community, the price of Luna Classic (LUNC) fell steeply by 4% to $0.0001221. Terra co-founder Do Kwon, who was on the run since the Terra-Luna crisis, was finally arrested in Montenegro on 23 March.
A legal representative of Kwon confirmed the appeal against the Montenegrin court's decision to detain the entrepreneur for 30 days longer than usual.
Do Kwon, the founder of the failed crypto network Terraform Labs, was arrested on Thursday, Mar. 23, after months of evading authorities and regulators
The news in circulation is that South Korea could reach a deal for Terraform Labs CEO Do Kwon to be extradited to China. Do Kwon was apprehended by authorities in Montenegro after he used fake documentation to enter the country.
