South Korea forms new unit to combat digital currency bad actors
South Korea intensified efforts to combat digital currency misconduct by introducing a specialized crime-fighting unit probing digital currency offenses like asset seizures.
Latest Terraform Labs News
Judge in SEC v Ripple was wrong to say secondary sales aren’t securities, court rules
The federal judge in charge of looking at the SEC v Ripple case dismissed the prospect that secondary market and programmatic sales could amount to securities.
South Korea: Prosecutors pursuing Do Kwon plan to launch new investigation unit
To avoid events like Terra's collapse from recurring, South Korea dedicates its efforts to creating its first-ever investigation unit focusing on combatting digital currency-related crimes.
Terra co-founder Daniel Shin faces first court hearing in South Korea
The South Korean court noted that it would study the submissions of Daniel Shin's legal team; both parties are expected to be in court on August 28 for a second hearing.
Wyre is the next digital currency company to shut down
Withdrawals in Wyre will be available until July 14, after which there will be a recovery process for the digital currency that remains on its platforms.
Terraform Labs: Jail time for founder Do Kwon in Montenegro over document forgery charges
The LUNA and TerraUSD founder was taken into custody over charges of document forgery, but he will complete his sentence in a month as the time he spent in detention will be considered.
Terraform Labs founder Do Kwon returns to custody in Montenegro for extradition proceedings: report
Apart from the extradition battle and falsification charges, Do Kwon is set to be questioned by the Special State Prosecutor’s Office over his relationship with local politician Milojko Spajic.
Do Kwon may face prison time in US, South Korea amid tight extradition race
South Korean prosecutor Dan Sunghan thinks that sending Do Kwon to South Korea is the most rational decision to recover damages and bring justice to thousands of victims of the TerraUSD de-pegging.
Do Kwon to be remanded in Montenegrin jail after superior court revokes bail: report
Prosecutors from the High Court in Podgorica revoked the bail conditions on the fact that it “could not establish the value of their assets just based on their statements.”
Montenegrin prosecutors appeal Do Kwon’s bail terms, heads to Supreme Court
The Montenegro prosecutor's appeal revolves around the fact that the bail conditions for Do Kwon and Han Chang-Joon appear to be a slap on the wrist compounded by the flight risk posed by the duo.
Terraform Labs co-founder Daniel Shin to stand trial on May 26
Daniel Shin assembles over 30 lawyers as he prepares to stand trial on May 26, attempting to quash charges linked to the Terra collapse that were brought against him by the South Korean court.
Jump Trading manipulated UST price for $1.3B profit, class action lawsuit alleges
Jump Trading entered into an agreement with Terraform Labs to manipulate UST to stay at $1 and in return purchased LUNA at a 99% discount, investors allege.