Tag: Terraform Labs

The U.S. Securities and Exchange Commission (SEC) released an indictment accusing Terraform Labs and CEO Do Kwon of conspiring to defraud billions of dollars using crypto assets and securities, leading to a crash that caused $40 billion in damage.

Cryptory.net - Terra founder Do Kwon is believed to be in Serbia, South Korea is in the process of requesting cooperation from the Serbian government.

Cryptory.net - The South Korean government has given Do Kwon 14 days to return to the country, otherwise his passport will be revoked.

Cryptory.net - More than 3,000 Bitcoin was transferred to digital wallets of crypto exchanges right after an arrest warrant was issued.

Cryptory.net - “I’m writing code in my living room. I’m making zero effort to hide”, said Do Kwon.

Cryptory.net - Where is Do Kwon now? - No one knows.

Cryptory.net - A court in South Korea issued an arrest warrant for Do Kwon, CEO of Terraform Labs, the company behind the Terra USD (UST) and Terra (LUNA) cryptocurrencies.

Cryptory.net - Korean authorities are reportedly summoning all Terraform Labs employees to extend the investigation.

Cryptory.net - The price of LUNA 2.0, the brand new token of the new Terra blockchain, has dropped sharply after listing on exchanges.