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Tag: Terraform
Terraform Labs Loses Appeal, Ordered to Comply With SEC Investigation
Key Takeaways The U.S. Court of Appeals has ordered Terraform Labs and its CEO Do Kwon to comply with SEC’s investigative subpoenas. Kwon and his company challenged a district court’s deci...
Terraform Labs Co-Founder Dismissing Allegations Regarding Fraud: Says Had No Idea Of Any Flaws
Daniel Shin, co-founder of Terraform Labs, denying all the fraud allegations, said that the company had no clue about any flaws in the algorithm of the blockchain. Shin is among the most acclaimed te...
TerraForm Labs Under New Investigation About “Suspicious” Crypto Wallet Used For Embezzling Its Bitcoin Reserves
– Advertisement – Investigation into Terra’s activities is still not over as fresh allegations emerge. Since the collapse of Terra tokens UST and LUNA, the firm behind the crypto project T...
Terra Legal battlefront in The US: Do Kwon And Terraform Labs Ordered To Heed SEC Subpoenas
– Advertisement – A US Court has ordered Terra’s Do Kwon and Terraform Labs to comply with subpoenas issued by SEC. Terra’s founder, Do Kwon, and his company, Terraform Labs, are still i...
Terraform Labs Employee In Hot Water For Stealing Company’s Bitcoin
Seoul Metropolitan Police Agency launched an investigation against an employee from Terraform Labs, who is allegedly involved in the embezzlement of corporate funds in Bitcoin from the company in May....
Terraform Labs employee under investigation for embezzling firm’s Bitcoin
The legal troubles around Terraform Labs, the company behind the collapsed Terra (LUNA) ecosystem, are deepening after South Korean authorities launched investigations into one of the firm’s employees...
LUNA 2.0 Token Loses 56% Since Last Week, Whistleblower Accuses Terraform Labs of Owning Shadow Wallets – Bitcoin News
After climbing to $11.33 per unit seven days ago on May 30, Terra’s new LUNA 2.0 token has lost more than 56% in value against the U.S. dollar. Amid the market performance, a number of former Terra-ba...
Do Kwon And TerraForm Labs Hold 42 Million Terra 2.0 (LUNA) Despite Claiming Not Holding Any Coins
– Advertisement – Do Kwon’s troubles double up as expose links him and TerraForm Labs (TFL) to multiple shadow wallets with 42 million LUNA. Do Kwon’s troubles with the Terra community don...
Terraform Labs Whales Dumped LUNA on Retail Before UST’s Depeg
Anders Helseth, a Senior Analyst at Arcane Research, filed an entry on May 30th, claiming that Terraform Labs dumped LUNA tokens on retail users during the collapse of UST. If the Terra Ecysostem was ...
Money laundering charges for Terraform Labs
According to rumours, Terraform Labs is accused of money laundering of $4.8 million. Terraform Labs and the laundering of approximately $5 million In addition to being a huge Ponzi scheme, Terra is al...
Do Kwon’s Terraform Labs accused of laundering $4.8 million via a Korean shell company
After the widely publicized collapse of the Terra (LUNA) ecosystem which caused significant losses for investors, and accusations of fraud against its founder Do Kwon, Terraform Labs is in the spotlig...
Terraform Labs caught moving $4.8M through shell company
? Want to work with us? CryptoSlate is hiring for a handful of positions! It appears that Do Kwon may be in for more legal trouble as allegations arise accusing him of further financial crimes. FatMan...
Terraform Labs’ Employees Probed For Intentional LUNA, UST Price Manipulation — Terra 2.0 At Risk? ⋆ ZyCrypto
Advertisement     South Korean authorities have initiated queries into Terra’s ecosystem-wide crash that unfolded earlier this month. According to local media reports,...
Korean prosecutors summon all Terraform Labs employees: JTBC
Prosecutors in South Korea have summoned all employees of Terraform Labs to investigate the collapse of TerraUSD, the stablecoin known by its UST ticker, according to a report from local television ne...
While the New LUNA Records Gains, Do Kwon’s Terraform Labs Is Plagued by Controversy and Accusations – Bitcoin News
It’s been two days since the Terra development team launched the new Phoenix-1 blockchain with the network’s native token LUNA. While the token dropped significantly in value during the first day of t...
Terraform employees under probe for UST collapse in South Korea
? Want to work with us? CryptoSlate is hiring for a handful of positions! In the quest for answers pertaining to the collapse of the Terra ecosystem earlier this month, South Korean authorities are no...
Terraform Labs Has Paid in Full its Taxes in South Korea, Says Do Kwon
A lot has been said about Do Kwon, his cryptocurrency project, and the failure of the two native digital assets in the past two weeks. One of them included owning $78 million in taxes to South Korea, ...
Court Filings Reveal Do Kwon Dissolved Terraform Labs Korea Days Before Terra Luna’s Demise – crypto.news
Do Kwon disbanded Terraform Labs Korea, dissolving its headquarters and lone branch days before the collapse of Terra crypto (LUNA) and stablecoin TerraUSD (UST), according to official records. Terraf...
Korean Prosecutors Consider Bringing Ponzi Scheme Charges Against Terraform Labs’ CEO
The Seoul Southern District Prosecutor’s Office in Korea is investigating whether it can bring charges of a Ponzi scheme against Terraform Lab’s CEO, Do Kwon. The prosecutor’s department in Korea is l...
Court documents reveal Do Kwon dissolved Terraform Labs Korea days before LUNA crash
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 Korea...
Prosecutors Investigate Do Kwon with Ponzi Fraud Charges amid Terraform Labs Dissolvement
Do Kwon’s scandal seem to be deepening. Prosecutors are investigating whether they will file Ponzi fraud charges against him following the Terra crash, according to The Korea Times. This comes a day ...
Terraform Labs, Luna Foundation Guard Bought 3.06m AVAX in total: Avalanche Foundation
The Avalanche Foundation announced via Twitter on Friday that Terraform Labs and the Luna Foundation Guard (LFG) have purchased 3.06m AVAX in total. The announcement came following an inquiry from mem...
Do Kwon Dissolved Terraform Labs Korea Days Before Collapse of Terra LUNA, UST – Featured Bitcoin News
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 ...
South Korean watchdog reportedly fines Terraform Labs $78M for tax evasion
Terraform Labs and co-founder Do Kwon continue to attract more legal trouble in the wake of the collapse of the Terra ecosystem. After early reports of a possible congressional hearing and an investig...
Terraform Labs’ Legal Team Members Resign! Here’s Why
Terraform Labs’ in-house legal staff left shortly after the failure of Terra’s algorithmic stablecoin wreaked havoc on cryptocurrency markets. Both LUNA and UST saw their prices plummet. Terra’s block...
Terraform Labs’ Legal Team Resigns Despite Frantic Rescue Attempts (Report)
Reports suggest that the Singapore-based company’s legal functions are now being managed by outside counsel. Shortly after the collapse of its flagship stablecoin UST, the legal team behind handling t...
Terraform Labs’ Legal Team Resigns after Collapse of UST and LUNA
Everyone linked with the Terraform Labs is not living in denial about the collapse of the Terra blockchain in its current form and the exit of the legal team is not deterring Do Kwon from proposing a ...