South Korean authorities freeze over $104M belonging to Terra co-founder
Terra co-founder Shin Hyun-seung denies allegations that he violated the South Korean capital markets law, which led to the freezing of over $100 million worth of funds.
Latest Terra News
South Korea: Daniel Shin’s Chai Corp. offices raided over alleged links with Terra
Prosecutors stormed Chai Corporation, the payments technology company founded by Daniel Shin, on the allegations that it misused its customers' personal information without their consent.
South Korean investigators probe Terra co-founder over illegal $100 million gain
Investigators say Daniel Shin breaches South Korean capital market law over allegedly holding a stash of LUNA without disclosing it to investors.
Binance boss sparks run on FTX’s bank, vows no make-up sex
Should SBF go down in flames because CZ caused a run on FTX’s underfunded bank, we should expect SBF to share secrets learned while he and CZ are at war.
South Korea: Authorities accuse Do Kwon of manipulating Luna tokens’ price
The prosecutors say that the evidence was gleaned from a “messenger conversation” between Do Kwon and an ex-employee of Terraform Labs.
Terra’s Do Kwon faces massive class action lawsuit in Singapore
The claimants seek $57 million as damages for losses suffered during the de-pegging of TerraUSD (UST) from the U.S. dollar.
LUNA/UST investors on the hunt for Do Kwon, who’s ‘not on the run’
Investors who got rekt after investing in LUNA/UST are now taking it upon themselves to pursue Kwon, who says charges against him are politically motivated.
Terra’s Yoo Mo released in South Korea after his arrest warrant is dismissed
Yoo Mo was arrested last week on charges of violating the Capital Markets Act as a key member of the Terra group, but a South Korean court has dismissed his arrest.
Terra’s co-founder wants to withdraw from testifying in financial audit following Terra-LUNA collapse
In a letter to South Korea's National Assembly, Daniel Shin said that local law enforcement agencies are investigating him for his role in Terra's collapse in May, and his testimony could be tainted.
South Korea moves to freeze $61M worth of Do Kwon’s BTC as he denies links
Authorities in South Korea ordered KuCoin and OKX to freeze over 3,300 BTC they claim is owned by the Luna Foundation Guard, but Kwon claims he knows nothing about it.
Terra’s Do Kwon now wanted in 195 countries after Interpol issues Red Notice
South Korea says that Interpol has acted on its request to add the Terra founder to its Red Notice list as the walls continue to close in on the fugitive.
New US bill seeks to ban UST-like algorithmic stablecoins for 2 years
The bill has undergone several amendments, and the latest would protect Americans from a Terra-like collapse by banning "endogenously collateralized" tokens.