Do Kwon News

19.05 / 13:31

CryptoExplainer Luna Luna Will Rise From Ashes, Bet Crypto-Loving South Koreans

Crypto-loving S.Koreans bet on Luna rising from ashes, worrying regulator

19.05 / 11:47

regulation Terra tax evasion 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 investigation from 'Grim Reapers' financial crimes unit, the crypto firm has now come under the radar of the national tax agency.

19.05 / 05:09

business regulation investigation Terra Financial 'Grim Reapers' financial crimes unit revived to investigate Terra collapse

Legal troubles are mounting for the co-founder of failed Terra crypto project Do Kwon as the South Korean government revives the dormant "Grim Reapers of Yeoui-do" to investigate Terra’s fall.

18.05 / 19:41

Altcoins Investing Legal Terra Legal Storm Brewing for Terra's Do Kwon & Co as ‘Hundreds’ of Investors Ready Complaints

Another headache appears to be incoming for Do Kwon (full name Kwon Do-hyeong) and his company Terraform Labs – with investors in South Korea ready to wage a legal battle against the CEO.

18.05 / 14:01

Blockchain Stablecoin Altcoins Terra Do Kwon’s Plan for New Terra Blockchain Becomes ‘Final’

A plan to revive the Terra (LUNA) ecosystem by creating a new blockchain without an algorithmic stablecoin has been designated as “final” by Terraform Labs CEO and co-founder Do Kwon.

18.05 / 13:03

cryptocurrency Pool Terraform Labs Luna DAI Emerges As King Of Decentralized Stablecoins After Terra's Collapse

DAI is king of decentralized stablecoins after Terra collapses

18.05 / 09:13

regulation Report White Paper South Korean legislature considering new licensing system for crypto

A report commissioned by South Korea’s federal government recommends the domestic crypto industry adopt a licensing system for exchanges and token issuers as a way of protecting investors.

17.05 / 14:51

business Stablecoin regulation Terraform Labs Terra hearing Do Kwon summoned to parliamentary hearing following UST and LUNA crash

The dramatic fall of Terra (LUNA) along with the algorithmic stablecoin UST has been a major talking point among the crypto industry. And now South Korean conservative party has requested a parliamentary hearing on the matter.

17.05 / 12:25

Stablecoin Altcoins regulation Terra hearing politician Financial South Korean Financial Regulators Begin Terra Probes, Politician Calls for Kwon to Face Parliamentary Hearing

The Terraform Labs mastermind Do Kwon (real name Kwon Do-hyeong) could be facing trouble from financial and law enforcement authorities in South Korea and Singapore as a torrid month for the Terra (LUNA) platform just keeps getting worse.

17.05 / 10:41

Altcoins Airdrop Hard Fork Terra Support Do Kwon's New Terra Revival Plan Fights for Support as Trust Challenge Remains

Another Terra (LUNA) ecosystem revival plan by Terraform Labs (TFL) CEO and Co-founder Do Kwon seems to have the support of at least some Terra developers, while trust issues still pose serious challenges to this plan.

17.05 / 09:55

cryptocurrency CryptoExplainer Is TerraUSD's Collapse, The Death Of A Major Blockchain?

A crypto first? What happens when a blockchain like Terra dies

17.05 / 09:13

Mudrex Terraform Labs Terra Luna Terra is working to revive LUNA. Will it revisit its old glory?

Terra (LUNA) has laid out a revival plan. The crypto token wiped out almost the entirety of investors' wealth in just a few hours.Terraform Labs founder Do Kwon proposed a “Terra Ecosystem Revival Plan,” and the plan was shared in terra community forum. According to Kwon’s 'Revival Plan,' which aims to restart the entire Terra blockchain, with network ownership getting distributed entirely to UST and LUNA holders through 1 billion new tokens.

16.05 / 22:37

Blockchain Technology defi Do Kwon proposes Terra hard fork to save ecosystem

On Monday, Do Kwon, co-founder of the troubled Terra Luna blockchain, announced a revised plan to restore the ecosystem after a combination of significant market volatility and inherent protocol design flaws wiped out a vast majority of the blockchain's market cap. As told by Kwon, Terraform Labs will put forth a new governance proposal on May 18 to fork the Terra Luna blockchain called Terra (token name: LUNA). However, the new chain will not be linked to the TerraUSD (UST) stablecoin. Meanwhile, the old Terra blockchain will continue to exist with UST and will be called Terra Classic (LUNC). Under Kwon's plan, if passed, the new LUNA blockchain will go live on May 27.

16.05 / 16:49

Stablecoin Altcoins Terra Terra's Do Kwon Liquidated the South Korean Arm of Terraform Before LUNA & UST Crisis

New reports fuelled speculations that Do Kwon (real name Kwon Do-hyeong) may have been aware of a storm brewing for the terra (LUNA) platform – and that the Terraform Labs mastermind may have taken action to dissolve domestic parts of his company as early as last month in anticipation.

16.05 / 15:53

UPS Bitcoin Luna $3 billion in bitcoin was sold in a last-ditch attempt to save UST stablecoin

Investors have been eager to find out what happened to the more than $3 billion in bitcoin bought up by crypto firm Terra to back its failed stablecoin. Now, they've got their answer.

16.05 / 11:53

Stablecoin MARKET Altcoins Terraform Labs Terra Vitalik Buterin & Binance CEO Chime In as Do Kwon Proposes Another Terra 'Revival' Plan

Big players in the crypto industry do not seem supportive of the latest Do Kwon's proposal of how to help the collapsed Terra (LUNA) ecosystem.

16.05 / 06:07

Blockchain Altcoin Hard Fork Terra Usd Terra Major validator calls for ‘completely new chain’ to replace Terra

As the dust settles from the Terra ecosystem crash, and the community decides what the next steps should be, the CEO of a validator runner in South Korea thinks the old Terra chain should be shut down permanently.

16.05 / 05:15

cryptocurrency cryptocurrency market crypto market Terra Usd Luna week Crypto Week at a Glance: The volatility of crypto and the de-pegging of a stablecoin

By Analytics Team, Giottus Crypto Exchange Bitcoin (BTC)’s volatility was on full display this week – from the highs of $36,000, BTC briefly went below $27,000 before regaining the $30,000 level and losing it eventually. BTC is trading near $29,000 today. The story of the week though belongs to TerraUSD (UST) and Terra (LUNA). Both were amongst the top 10 cryptocurrencies at the start of the week. UST’s de-pegging led to a capitulation in LUNA as it dropped more than 99 per cent in value and fell outside the top 200 list.

15.05 / 22:45

Twitter Extreme CEO Luna Why UST’s crash has experts talking and taking different sides

LUNA and UST both are showing signs of recovery after recent collapses, with the same sending shockwaves across the industry. Several experts believe that Terra founder Do Kwon is responsible for the latest crash that wiped out more than $1 trillion from the market.

15.05 / 09:09

Blockchain Adoption Trading Terra (LUNA) trading volume surge 200% as market adjusts to death spiral

It took just seven days for the Terra (LUNA) ecosystem to spiral down as prices came crashing from $85 on May 5 to nearly $0 on May 12. As the market slowly gained clarity on what transpired, the trading volume of LUNA saw a steep recovery of over 200% over the weekend.

14.05 / 00:11

business Stablecoin MicroStrategy Funding Terraform Labs Crypto Biz: Luna’s meltdown will live on in infamy, May 5-11, 2022

Terra’s meltdown forced cryptocurrency investors to ask a question they never thought was possible: Will TerraUSD (UST) or Terra (LUNA) reach $1.00 first? The magnitude of this question provides a sobering reminder of just how quickly things can change in crypto. While Terraform Labs co-founder Do Kwon remains defiant, many people in the industry are beginning to distance themselves from the protocol they thought was delivering real-world utility for stablecoins and Bitcoin (BTC).

information about Do Kwon

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