For some time now, Terraform Labs has been making headlines. According to sources, South Korean authorities summoned the company’s co-founder Daniel Shin, also known as Shin Hyun-Seong, earlier this month for an inquiry into claims that he improperly benefitted from the sale of LUNA [now LUNC] tokens. According to a South Korean news source, the […]
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Terra’s Co-Founder Reportedly Sold 70% LUNA Before Price Hike
Earlier this week, it was revealed that South Korean authorities had summoned former Terra executive Shin Hyun-seong, aka Daniel Shin, to an investigation into allegations that he had unfairly profited by selling LUNA [now LUNC] tokens. Shin was accused of “holding pre-issued LUNA tokens without informing regular investors and then reportedly generating gains of 140 […]
Terra’s Do Kwon Accused of Terra Price Manipulation
According to a local report from South Korea, the country’s prosecutors have evidence that suggests Do Kwon, a co-founder of Terraform Labs, once gave employee instructions to alter the price of Terra Luna Classic (LUNC). An official from the South Korean Prosecutors Office is quoted in a report by Korean Broadcasting System (KBS) on Nov. […]
Terra Founder In A Tiff: $57M Lawsuit In Singapore
Do Kwon, the founder of Terra, has been wanted to be arrested by regulators all around the world. A number of lawsuits have been brought against the executive, reportedly holding him responsible for the destruction of the Terra ecosystem’s two cryptos, UST and LUNA. Along with the Luna Foundation Guard (LFG) and Terra founding member Nicholas Platias, […]
Conflicts Over Terra Token Treatment Due To Lack Of Regulations
The collapse of Terra happened months ago. However, the aftereffect is still present in the crypto-hallways. verse’s The South Korean authorities are currently making every attempt to apprehend Do Kwon, the project’s originator. Authorities in South Korea are having difficulty compiling a compelling case against the token’s founder Do Kwon. According to a Bloomberg story, […]
These 2 Crypto Exchanges Follow Binance Into Busan
South Korea’s propensity towards cryptocurrencies and crypto exchanges has been making news. But this wasn’t just about cryptocurrency. The nation was seen adopting the underpinning technology of cryptocurrencies. One of South Korea’s largest cities, Busan, has been working to become the next major blockchain hub. Leading crypto exchanges Gate.io and Crypto.com have decided to support […]
Here’s Why These Terra Case Witnesses Are About To Face Prison-Time
Kim Seo-Joon, a significant witness called to testify in the Terra parliamentary inquiry, did not appear, citing “extreme stress,” according to the local South Korean news outlet Korea Economic Daily. Seo-Joon is the CEO of the venture capital firm Hashed and a pioneering investor in Terra (LUNC, formerly LUNA). Seo-Joon stated “extreme stress” as a […]
Terra’s Do Kwon Has Reportedly Left for Dubai
Terra’s Do Kwon seems to be in a wave of trouble. Forkast verified with South Korean prosecutors that Kwon Do-Hyung, the co-founder and CEO of Terraform Labs Pte Ltd., also known as Do Kwon, departed Singapore last month and arrived in Dubai, United Arab Emirates. Given that there are no records of Kwon entering the […]
Do Kwon Apologizes To Terra Investors In A Rare Interview
Do Kwon, the founder of Terra, made a long-awaited appearance in an exclusive interview on October 18 with renowned author and crypto journalist Laura Shin. Since the Terra Blowout in May this year, Shin, host of the Unchained podcasts, has posed some challenging questions to the evasive founder. The stablecoin UST and crypto asset LUNA […]
Blockwater Technologies Fails To Make $3.4 Million DeFi Loan
Blockwater Technologies, a South Korean blockchain investment company, missed payments on a loan from TrueFi, a decentralized lending platform, according to a statement released by TrueFi on Sunday. The declaration claims that TrueFi gave Blockwater a “notice of default” on October 6 after it defaulted on a $3.4 million loan in stablecoin (BUSD). Given the complexity […]