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Shin Hyun-seong

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

South Korean Prosecutors Uncover Alleged 4 Million Criminal Proceeds Tied to Terraform Labs Co-FoundersAccording 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 […]

Binance develops algorithm to combat address poisoning scams

$104,000,000 Seized From Terra (LUNA) Co-Founder by South Korean Authorities: Report

4,000,000 Seized From Terra (LUNA) Co-Founder by South Korean Authorities: Report

South Korean authorities have reportedly seized over $100 million from Shin Hyun-seong, the co-founder of collapsed stablecoin issuer Terra (LUNA). According to a new report by YTN Korea, a court has frozen the funds of Hyun-seong at the request of prosecutors. Hyung-seong is accused of selling pre-issued LUNA tokens to unaware customers before the firm’s […]

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Binance develops algorithm to combat address poisoning scams

Report: South Korean Prosecutors Raid Home of Terraform Labs Co-Founder

Report: South Korean Prosecutors Raid Home of Terraform Labs Co-FounderA team of South Korean prosecutors recently raided the home of Terraform Labs co-founder Shin Hyun-seong. During an earlier raid that targeted 15 places, including seven cryptocurrency exchanges, the prosecutors reportedly secured terra transaction data. Seven Cryptocurrency Exchanges Targeted South Korean prosecutors investigating the spectacular collapse of Terra’s LUNA cryptocurrency reportedly raided the home of […]

Binance develops algorithm to combat address poisoning scams