A regional court in South Korea rejected the districtattorney’s demand to problem an arrest warrant for Terraform Labs co-founder Shin Hyun-Seong, likewise understood as Daniel Shin. This was the 2nd effort made by South Korean authorities to reign in Shin following the current arrest of Do Kwon — Terra’s other co-founder. On March 23, Kwon […]
As baseball lovers gathered to Nationals Park in Washington D.C for the Major League Baseball (MLB) opening day, the obvious existence of Terra (LUNA) – the crypto environment that collapsed in May 2022 – didn’t go undetected by guests. A Twitter user who wentto The Washington Nationals’ house opener versus the Atlanta Braves on March […]
Do Kwon, presently in custody in Montenegro and possibly waitingfor extradition to the United States or South Korea, will apparently face extreme conditions in the nation’s chastening system. According to a March 29 Protos report, an unnamed criminal defense attorney stated conditions at Montenegro’s prisons and jails “haven’t altered” from those explained in a 2020 […]
Following Terraform Labs’ creator Do Kwon’s arrest in Montenegro while attempting to fly off-shore utilizing phony files, South Korean authorities have turned up efforts to track down and arrest the other co-founder of the business, Shin Hyun-Seong, likewise understood as Daniel Shin. Since November 2022, South Korean authorities haveactually believed the participation of many Terra associates […]
Following his arrest in Montenegro while trying to fly utilizing phony files, Terraform Labs co-founder Do Kwon will apparently appeal the court’s choice to extend detention time for up to 30 days. A legal representative of Kwon validated the appeal versus the Montenegrin court’s choice to detain the businessowner for longer than typical, according to […]
Terraform Labs CEO Do Kwon hasactually been charged with scams by United States districtattorneys in New York, simply hours after he was supposedly detained in Montenegro. In a court filing signed by United States Attorney Damian Williams, the 31-year-old businessowner hasactually been charged with 8 different counts, consistingof products scams, securities scams, wire scams, and […]
Approximately one year previous, on Mar. 14, 2022, cryptocurrency trader GiganticRebirth (GCR) welcomed the then co-founder of CEO of Terraform Labs, Do Kwon, in a $10 million bet that the rate of Terra Luna (LUNC) would be lower than its then cost of $92.4 per token one year lateron. The blockchain executive accepted the deal, […]
The controversial founder of Terraform Labs, Do Kwon is at the center of the investigation, despite believed to be hiding out in Serbia. 71 Total views 1 Total shares Own this piece of history Collect this article as an NFT The United States Justice Department is reportedly investigating the collapse of the TerraClassicUSD (USTC) stablecoin […]
Given Silicon Valley Bank’s direct involvement in destabilizing USDC prices, CZ blamed banks for increasing the risks of stablecoins. 329 Total views 6 Total shares Own this piece of history Collect this article as an NFT The death spiral of the Terra (LUNA) and TerraUSD (UST) ecosystem served as a catalyst to the 2022 bear […]
Binance has turned to a new set of stablecoins in the wake of the United States Securities and Exchange Commission’s (SEC) regulatory action against its native stablecoin, BUSD. SEC had sent a Wells notice, alleging BUSD is in violation of the U.S. Securities Law. Following SEC’s notice, the New York Department of Financial Services (NYDFS) […]
Welcome to Finance Redefined, your weekly dosage of vital decentralized financing (DeFi) insights — a newsletter crafted to bring you substantial advancements over the last week. The reaction from the Terra implosion still haunts the crypto world, with the now-shuttered stablecoin yield platform Stablegains being takenlegalactionagainst for client losses. The complainants declare that the platform […]
The United States Securities and Exchange Commission (SEC) ordered Paxos Trust to stop issuing Binance USD. That could affect the whole stablecoins ecosystem. 1027 Total views 17 Total shares Own this piece of history Collect this article as an NFT New week, a new element of the crypto ecosystem is under attack. This time, the […]