Seoul – DIGIT INFO

Bitcoin range consolidation a ‘healthy next step’ before BTC attempt at $100K

DIGIT — Wed, 04 Dec 2024 01:00:57 +0000

Bitcoin price cooled off at the start of December, but several bullish catalysts support investors’ belief that $100,000 BTC is around the corner.

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Crypto Firm’s CEO Stabbed in Court During Fraud Trial in Seoul

DIGIT — Fri, 30 Aug 2024 02:46:17 +0000

The CEO of cryptocurrency deposit service Haru Invest was stabbed in the neck during his fraud trial in Seoul. The attack occurred in the courtroom, carried out by a man in his 50s. Lee survived the attack with non-life-threatening injuries and was taken to a hospital. Crypto Platform’s CEO Stabbed During Fraud Trial The CEO […]

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Seoul Prosecutors Believe Terra Co-Founder Do Kwon Still in Possession of $100 Million Held in Swiss Bank Account

DIGIT — Thu, 27 Apr 2023 14:00:17 +0000

In the wake of the recent legal action against ten associates of Terraform Labs, which included the co-founder Shin Hyun-seong, known to many as Daniel Shin, it appears that prosecutors from Seoul are convinced that Terraform Labs and co-founder Do Kwon are still in possession of a considerable sum of money, specifically 130 billion won […]

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Do Kwon seeks SEC charges dismissal as S.Korea rules LUNA as non-security

DIGIT — Tue, 25 Apr 2023 13:00:12 +0000

The South Korean district court recently dismissed security violation charges against Terra co-founder Hyun-seong Shin, deeming LUNA as non-security under Korea’s Capital Markets Act.

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Terraform Labs co-founder and nine others indicted in South Korea

DIGIT — Tue, 25 Apr 2023 09:35:00 +0000

The indictment of 10 individuals associated with Terraform Labs, including co-founder Hyun-seong Shin, comes after 11 months of investigation into the collapse of Terra.

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South Korean Prosecutors Uncover Alleged $314 Million Criminal Proceeds Tied to Terraform Labs Co-Founders

DIGIT — Fri, 07 Apr 2023 15:34:59 +0000

According to a report by South Korean news publication KBS, Do Kwon, the co-founder of Terraform Labs, has converted a “large part” of his assets into bitcoin. Prosecutors in South Korea believe that Kwon’s purported bitcoin stash was transferred to an international exchange. Report Says Do Kwon Allegedly Sold a ‘Large Part’ of His Assets […]

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Seoul Takes Control Over $160 Million in Assets of Former Terraform Employees, Founder

DIGIT — Wed, 05 Apr 2023 00:30:10 +0000

Authorities in South Korea have reportedly seized assets worth billions of won belonging to former representatives of Terraform Labs. The measure should prevent suspects in the case with the failed blockchain firm from selling property that may have been obtained with criminal proceeds. South Korean Law Enforcement Moves to Seize Terraform-Linked Real Estate, Report Prosecutors […]

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Following APT’s 400% Rise Since Late December, Aptos Drops 20% From All-Time High

DIGIT — Wed, 01 Feb 2023 19:00:32 +0000

On Jan. 26, 2023, the cryptocurrency asset aptos (APT) reached an all-time high and then lost 20% of its value over the next five days. In the past 24 hours, it also shed 8.3% against the U.S. dollar. Despite the decline from its all-time high, APT is still up 349% compared to last month’s exchange […]

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4,400 disgruntled investors are hunting for Terra’s Do Kwon

DIGIT — Thu, 20 Oct 2022 02:41:43 +0000

A retail investor group is trying to track down Terraform Labs co-founder Do Kwon following the crash of the Terra ecosystems’ cryptocurrencies.

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Do Kwon reportedly hires lawyers in S.Korea to prepare for Terra investigation

DIGIT — Wed, 17 Aug 2022 12:28:04 +0000

Terraform Labs co-founder Do Kwon has claimed that Korean authorities haven’t contacted or filed any charges against him in the Terra investigation.

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