Terraform

Do Kwon to Be Released on €400,000 Bail, Pleads Not Guilty in Montenegro

May 12, 2023 Bitcoin.com

Bail

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 […]

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Bitcoin drops on hotter-than-expected inflation reports

Do Kwon’s Terraform Sent $7 Million to Law Firm Before Collapse, Report Unveils

April 16, 2023 Bitcoin.com

bitcoin.com

Prosecutors investigating failed blockchain firm Terraform Labs have found out that its Singapore office sent millions of U.S. dollars to lawyers just before the crash of its cryptocurrencies. According to Korean media, the transfers suggest that co-founder Do Kwon was aware of the imminent collapse. Terraform Labs Transferred Large Amounts of Money to South Korean […]

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Bitcoin drops on hotter-than-expected inflation reports

About $160,000,000 in Real Estate and Other Assets Seized From Terraform Labs Employees by Authorities: Report

April 5, 2023 The Daily Hodl

Daily Hodl

South Korean authorities have confiscated assets worth millions of dollars from the employees of the blockchain firm Terraform Labs, according to a report. The report by KBS News says that prosecutors in Seoul have seized real estate and other assets worth approximately $160 million from eight employees of the blockchain firm behind the collapsed Terra […]

The post About $160,000,000 in Real Estate and Other Assets Seized From Terraform Labs Employees by Authorities: Report appeared first on The Daily Hodl.

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Bitcoin drops on hotter-than-expected inflation reports

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

April 5, 2023 Bitcoin.com

Assets

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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Bitcoin drops on hotter-than-expected inflation reports

South Korean Court Denies Arrest Warrant for Terraform Co-Founder Daniel Shin

April 1, 2023 Bitcoin.com

Arrest

A court in South Korea has again denied the arrest warrant for Daniel Shin, a co-founder of Terraform Labs who is being investigated for fraud. Shin has been accused of illegally profiting from the sale of over $100 million worth of the luna cryptocurrency before it collapsed. Seoul Court Leaves Terraform Co-Founder at Large Citing […]

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Bitcoin drops on hotter-than-expected inflation reports

Do Kwon to Stand Trial in Montenegro, May Serve Time Before Extradition

March 30, 2023 Bitcoin.com

Arrest

Before extradition, Terraform Labs founder Do Kwon will first have to stand trial in Montenegro for traveling on a fake passport, according to his lawyer in the country. The fugitive crypto entrepreneur may also have to serve time in prison before he is extradited from the Balkan nation, its justice minister indicated. Alleged South Korean […]

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Bitcoin drops on hotter-than-expected inflation reports

Terraform Labs CEO Do Kwon Faces Extradition to South Korea

March 25, 2023 Bitcoin.com

accomplice

According to a report published by AFP, Do Kwon, CEO of Terraform Labs, has been charged with document forgery in Montenegro. Kwon was arrested at the Podgorica airport while traveling with fake documentation. South Korean prosecutors have said the Terra co-founder faces extradition to South Korea. Montenegro Police’s Account of the Falsified Travel Documents Found […]

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Bitcoin drops on hotter-than-expected inflation reports

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

July 25, 2022 Bitcoin.com

bitcoin.com

A 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 […]

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Bitcoin drops on hotter-than-expected inflation reports