Bitcoin News / Bitcoinist - 2 years ago
Per a report from a local news media, South Korean authorities have launched a full investigation against the developers of Terra (LUNA). Once one of the most popular cryptocurrencies in this sector, LUNA and its native stablecoin UST lost over 90% o...
Cryptocoins News / The Cointelegraph - 2 years ago
The South Korean government continues to investigate Terraform Labs, the firm behind the Terra Network as well as Luna Classic (LUNC), previously known as Terra (LUNA), and TerraUSD (UST) tokens, by reportedly summoning subpoenas to employees.South K...
Bitcoin News / Bitcoin.com - 2 years ago
The South Korean government is considering imposing tougher regulations, including a unified listing standard, on all cryptocurrency exchanges in the country following the collapse of cryptocurrency terra (LUNA) and stablecoin terrausd (UST).
Korean...
Cryptocoins News / CoinJournal - 2 years ago
South Korean authorities are in the process of freezing the assets of the Luna Foundation Guard. Luna Foundation Guard is a non-profit foundation that maintains reserves for the Terra ecosystem to support the stablecoins during difficult times.
Are...
Cryptocoins News / The Cointelegraph - 2 years ago
The Korean Financial Supervisory Service (FSS) has announced that it will be standardizing the way in which virtual asset risks are assessed. According to a local news report, this is because it is currently tough to safeguard investors due to the ma...
Bitcoin News / Bitcoinist - 2 years ago
According to reports, South Korean police have asked exchanges to ‘freeze’ the assets of the Luna Foundation Guard (LFG), a non-profit organization that supports the Terra (LUNA) cryptocurrency.
Luna’s Non-Profit Under Scrutiny
The...
Bitcoin News / Bitcoinist - 2 years ago
The ruling party of South Korea is likely to host an urgent meeting on Tuesday with officials from the state’s top five largest crypto exchanges. The officials look forward to holding crypto exchanges accountable for their failure to save trade...
Cryptocoins News / The Cointelegraph - 2 years ago
Crypto exchanges in South Korea have been issued notices from police requesting the sequestering of funds related to the Luna Foundation Guard. On Monday, Korean authorities sent a request to the top crypto exchanges in the country to prevent funds f...
Cryptocoins News / Blockchain - 2 years ago
The collapse of the Terra ecosystem including the protocol’s two flagship digital currencies, LUNA and UST may have more aftermaths than earlier imagined.
According to the from local media platform Newspim, the top are now likely to be held acco...
Bitcoin News / Bitcoin.com - 2 years ago
The South Korean police have reportedly launched an investigation into possible embezzlement involving an employee of Terraform Labs. To prevent fund transfers, the police have requested crypto exchanges to freeze the Luna Foundation Guard’s a...
Cryptocoins News / The Cointelegraph - 2 years ago
The recent privacy-focused MimbleWimble upgrade on the Litecoin (LTC) blockchain has prompted two of Korea's largest crypto exchanges to issue investment warnings about the fifth-largest cryptocurrency.Bithumb and Upbit, which together account for th...
Cryptocoins Exchanges / Binance - 2 years ago
In a rare appearance on Twitter since the incident, CEO Terraform Labs gave his statement about the tax evasion allegations. Do Kwon speaks out about the accusation that Terraform Labs evaded taxes in Korea. Previously, the Financial S...
Cryptocoins News / The Cointelegraph - 2 years ago
Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph...
Bitcoin News / Bitcoinist - 2 years ago
Some jurisdictions are recently putting up regulatory measures to curb cryptocurrency asset investment challenges. Among the many countries on this move is South Korea. The government is making a few recommendations that will serve as protection for...
Cryptocoins News / The Cointelegraph - 2 years ago
The dramatic story of the Terra (LUNA) crash — referred to by some as the Lehman Brothers of crypto — has taken yet another remarkable turn as legal documents reveal the liquidation of two South Korean offices and the dissolution of the Terraform Lab...
Cryptocoins News / Blockchain - 2 years ago
Terraform Labs is currently being charged with tax evasion fraud by the South Korean National Tax Service, a move that complicates matters for the startup that is trying to salvage its collapsed blockchain ecosystem.
Tax Evasion Charges With Proof...
Bitcoin News / Bitcoin.com - 2 years ago
Official records show Do Kwon dissolved Terraform Labs Korea, closing down its headquarters and sole branch just days before the collapse of terra crypto (LUNA) and stablecoin terrausd (UST).
Do Kwon Shut Down Terraform Labs Korea Before UST and LUNA...
Bitcoin News / Bitcoinist - 2 years ago
The “People Power Party” representative, a South Korean politician Yoon Chang-Hyeon called a parliamentary hearing on TerraUSD (UST) due to its sudden collapse last week.
According to a report from South Korean Newschannel “Newspim&...
by COINS NEWS - 2 years ago
South Korea's newly appointed Minister of the department of Justice is to investigate TerraLuna debacle for his very first assignment (the below Korean news press video is about it) https://www.youtube.com/watch?v=UKHsSE1n-Ck In this news press i...