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Terraform Labs recently appointed CEO, Chris Amani, held a Twitter Spaces with the purpose of separating the operations of Terraform Labs from Do Kwon’s personal affairs. Go to Source Powered by WPeMatico
Blockchain data showed the wallet reportedly associated with LFG had a balance of roughly 6,983 BTC in October 2022, with transactions later moving funds to different addresses. Go to Source Powered by WPeMatico
Do Kwon has denied forging travel documentation and refuted having any financial ties to Europe Now party leader Milojko Spajić. Go to Source Powered by WPeMatico
The lawsuit, initially filed on May 9, alleges the firm and its CEO was involved in a price manipulation scheme tied to the TerraUSD stablecoin. Go to Source Powered by WPeMatico
The Terraform Labs co-founder is out on bail after a successful appeal in Montenegro but will be closely monitored until his next court appearance. Go to Source Powered by WPeMatico
Terraform founder Do Kwon will be released from jail but placed under police surveillance at a local residence, a Montenegrin court has decided. The trial against him and another Korean, on charges of travelling on false documents, opened on Thursday with both pleading not guilty. Court Grants Bail Request for Do Kwon, Puts Him Under … Read more
According to a local report, South Korean prosecutors have been given the green light by the Criminal Division of the Seoul Southern District Court to seize assets owned by Do Kwon, the co-founder and former CEO of Terraform Labs. The report discloses that a total of 233.3 billion won ($176 million) worth of assets have … Read more
The frozen assets include an apartment complex, an officetel, several imported cars, and various financial assets. Go to Source Powered by WPeMatico
Federal securities laws only apply in the United States, but the protocols were developed overseas, argues Terraform Labs. Go to Source Powered by WPeMatico
Almost 12 months back, terrausd (UST), an algorithmic stablecoin, suffered a detachment from the U.S. dollar, causing the Terra ecosystem to crumble shortly thereafter. At present, supporters of the Terra Classic blockchain community are deliberating on a plan to revive the ecosystem by re-establishing the once-stable token’s peg with the U.S. dollar. In response to … Read more
