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Tag: Terra Blockchain

Terraform Labs Seeks U.S. bankruptcy shield

Terraform Labs, the Singapore-based company behind the Terra blockchain and its native cryptocurrency LUNA, has filed for Chapter 11 bankruptcy protection in the United...

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South Korea indicts Terra co-founder Daniel Shin; Shin denies accusations

South Korean prosecutors indicted Terraform Labs co-founder Shin Hyun-seung for fraudulent unfair transactions on Tuesday, in an announcement by Seoul’s Southern District prosecutors’ office.See...

Bitcoin Could Hit $45,000 by May 20 Based on Past Trends, Says Report

As bitcoin (BTC) surged to new highs last week, a new survey from Pew Research Center shows that a large number of Americans are...

75% of American Crypto Investors No Longer Confident in Bitcoin – Survey

As bitcoin (BTC) surged to new highs last week, a new survey from Pew Research Center shows that a large number of Americans are...

Did Do Kwon Lawyers Receive $7 Million Prior to Terra’s Collapse?

The designer of the Terra blockchain platform, which is no longer operational, has been targeted by the US Securities and Exchange Commission in a...

South Korean Court Denies Arrest Warrant for Terraform Labs Co-Founder

A South Korean court has denied a request for an arrest warrant for Terraform Labs co-founder, Shin Hyun-Seong, also known as Daniel Shin. This...

Market Analysis Report (24 Mar 2023)

The founder of Terraform Labs, Do Kwon, hasreportedly been arrested in Montenegro, and is now facing fraud charges by US prosecutors in New York. In...

Terraform Labs Co-Founder Do Kwon Arrested in Montenegro, Says Interior Minister

According to Montenegro’s interior minister Filip Adzic, Terraform Labs co-founder Do Kwon was apprehended at Podgorica airport allegedly bearing falsified documentation. Adzic added...

FBI investigating the collapse of Do Kwon’s Terra-Luna, WSJ reports

Former employees of Terraform Labs, the company behind the Terra-Luna stablecoin that collapsed in May last year, are being questioned by the Federal Bureau...

5 High-Profile Cryptocurrency Implosions Shatter Trust, Wipe out Billions in Value During 2022’s Crypto Winter

2022 was a year of phenomenal cryptocurrency blowouts, as several projects collapsed and many more are on life support after the entire ecosystem...

SEC charges Terra founder Do Kwon, Terraform with fraud in connection with TerraUSD Stablecoin collapse

In May 2022, TerraUSD (UST) stablecoin collapsed and lost 99% of its value, wiping out the life savings of crypto investors as traders offload...

SEC Sues Terraform Labs and Do Kwon for Crypto Fraud Involving UST and LUNA

On February 16th, the US Securities and Exchange Commission (SEC) accused Terraform Labs, the Singapore-based company behind the creation of LUNA and UST...

Do Kwon, founder of collapsed Terra stablecoin, charged with fraud by U.S. securities regulator

The U.S. Securities and Exchange Commission (SEC) charged Singapore-based Terraform Labs and its chief Kwon Do-hyung with defrauding investors through “a multi-billion dollar crypto...

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