Gone in 60 seconds! This is what happened when Bitcoin-powered Twetch dropped its latest NFT collection, "Cozy Hoodie," during its launch on Wednesday this week.
The move is to ensure Terraform employees are available for the ongoing investigation of the crash of the blockchain's LUNA and UST tokens.
Five of the country's top exchanges, including Upbit, Bithumb, Coinone, Korbit, and Gopax, have agreed to form a joint council to work on investor protection rules autonomously.
Do Kwon and his company, Terraform Labs, must comply with subpoenas served by the U.S. securities regulator in their investigation into whether Kwon and Terraform violated federal securities laws.
As authorities in South Korea investigate Do Kwon and Terraform Labs due to the LUNA/UST implosion, major exchanges like Kraken, FTX, and Binance listed LUNA2 without a second thought.
Apart from issuing a subpoena, prosecutors also secured a statement from an employee who stated that some staffs were against the launch of TerraUSD (UST) as even the pilot model failed.
The legal team members include General Counsel Marc Goldich, Chief Corporate Counsel Lawrence Florio, and Chief Litigation and Regulatory Counsel Noah Axler.
Do Kown had argued that the securities regulator doesn’t have jurisdiction over him as he is a Korean national and that it also violated his right to due process with an improper subpoena.
Do Kwon and his project have filed a motion with a New York court claiming that the SEC violated procedure by serving him a subpoena during an event in NY.