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Months after the collapse of Terra’s U.S. dollar-pegged token UST, the organization created to protect the once-stable coin, the Luna Foundation Guard (LFG), published an audit report audited by the New York-based consultancy company JS Held. According to the report, LFG claims to have spent 80,081 bitcoin and 49.8 million stablecoins, which add up to … Read more
Authorities reportedly alleged Shin Hyun-seong earned roughly $105 million in profits from illegal sales of LUNA tokens before Terra’s collapse. Go to Source Powered by WPeMatico
The CEO of NFT marketplace Magic Eden said NFT creators “need a sustained revenue model” and with “no way” of currently enforcing royalties a “new asset class” could emerge to enforce them. Go to Source Powered by WPeMatico
On Thursday, Nov. 3, 2022, local reports from South Korea disclosed that Korean prosecutors have allegedly discovered evidence that shows Do Kwon and an associate manipulated the price of LUNA, Terra’s native crypto token. The report further says South Korean prosecutors believe Kwon is hiding out in Europe. Local Report Claims South Korean Prosecutors Have … Read more
The legislation, separate from the upcoming Digital Asset Basic Act, may came into force already in 2023. Go to Source Powered by WPeMatico
From El Salvador and Lugano’s collaboration to yet another lawsuit against Do Kwon, this is what the last week in regulation looked like. Go to Source Powered by WPeMatico
The South Korean regulator noted that popular stablecoins used by the public might become a primary tool for laundering using digital assets. Go to Source Powered by WPeMatico
In his decision to dismiss the warrant, the judge reportedly considered that Yoo Mo had a residence and family ties in South Korea and was already barred from leaving the country. Go to Source Powered by WPeMatico
Do Kwon who has an Interpol notice and an arrest warrant against his name has not been cooperative with the investigation agencies. Go to Source Powered by WPeMatico
The head of the business team of Terraform Labs was a part of Do Kwon’s inner circle. Go to Source Powered by WPeMatico
