Terra Financial News

03.04 / 21:31

Law regulation crimes Terra South Korean authorities seize $160M in assets tied to Terra employees: Report

The Seoul Southern District Prosecutor's Office has reportedly confiscated roughly $160 million worth of assets from eight people connected to the collapse of Terraform Labs, including co-founder Daniel Shin.

01.04 / 13:47

business Stablecoin Adoption Tokens Terra Future Do algorithmic stablecoins have a future as centralized coins are under scrutiny?

Binance’s native stablecoin — Binance USD (BUSD) — was the third-largest stablecoin pegged to the United States dollar, minted by blockchain infrastructure platform, the Paxos Trust Company, through a transfer of technology agreement between the two firms.

01.04 / 09:51

regulation Altcoin Court LUNC Terraform Labs Terra Low Terra co-founder Daniel Shin’s arrest denied by court, citing low flight risk

A local court in South Korea denied the prosecutor’s request to issue an arrest warrant for Terraform Labs co-founder Shin Hyun-Seong, also known as Daniel Shin. This was the second attempt made by South Korean authorities to reign in Shin following the recent arrest of Do Kwon — Terra’s other co-founder.

01.04 / 02:39

Blockchain Twitter Sport partnership Terra Terra’s branding at MLB opener draws attention from spectators

As baseball enthusiasts flocked to the Washington National Park for the Major League Baseball (MLB) opening day, Terra (LUNA) – the crypto ecosystem that collapsed in May 2022 – noticeable presence around the stadium didn’t go unnoticed.

30.03 / 17:53

regulation crimes Terra Jail Time Terra co-founder Do Kwon's jail time in Montenegro will be harsh: Report

Do Kwon, currently in custody in Montenegro and potentially awaiting extradition to the United States or South Korea, will reportedly face harsh conditions in the country’s penal system.

30.03 / 15:29

regulation Terra Luna Extradition US or South Korea: Terraform Labs Co-Founder Do Kwon Extradition Fate to Be Decided by Judge

A judge will decide whether Do Kwon will be extradited to the United States or South Korea, Montenegro’s justice minister, Marko Kovac, reportedly said.

29.03 / 16:47

Law regulation Terra Extradition US and South Korea requested extradition of Terra co-founder Do Kwon — Montenegro justice minister

Authorities from both the United States and South Korea have made efforts to have Terra co-founder Do Kwon extradited to their respective countries following his arrest in Montenegro.

28.03 / 11:25

SEC CEO HANS Terra South Korean Prosecutors Make Fresh Bid to Arrest Terraform Co-founder Daniel Shin

South Korean prosecutors hope to arrest Daniel Shin, the Co-founder of Terraform Labs – after officers raided his company Chai Corporation. Meanwhile, evidence appears to show that Do Kwon, the Terraform CEO, established a company in Serbia during his 11-month flight from the prosecution.

28.03 / 06:45

business Law Report Fraud Interpol Terraform Labs Terra Do Kwon registered a company in Serbia for $1 amid Interpol red notice: Report

Terraform Labs co-founder Do Kwon established a company in Serbia for less than $1 just weeks after being flagged with an Interpol red notice, according to documents from the Serbian Business Registry.

27.03 / 09:57

UPS CEO HANS Terra Do Kwon Says His ‘Rights Are Being Violated’ – But He Could Be Saved by a Legal Twist

The Terraform Labs CEO Do Kwon has complained that his “rights” are being “violated.” And legal experts warn that it could be “years” before his case is heard if he is extradited to face charges in his native South Korea.

27.03 / 08:21

business Stablecoin regulation LUNC Terra Terra co-founder in S.Korean crosshairs following Do Kwon arrest

Following Terraform Labs’ co-founder Do Kwon’s arrest in Montenegro while trying to board a plane using fake documents, South Korean authorities have turned up efforts to track down and arrest Shin Hyun-Seong, also known as Daniel Shin — Terra’s other co-founder.

26.03 / 10:39

business regulation Court LUNC Terraform Labs Terra Do Kwon to reportedly appeal against court’s decision to extend detention

Following his arrest in Montenegro while attempting to fly using fake documents, Terraform Labs co-founder Do Kwon will reportedly appeal the court’s decision to extend detention time for up to 30 days.

24.03 / 19:53

Terra Usd Terraform Labs Terra Luna Terraform Labs Founder Do Kwon Faces Fraud Charges in New York Following Arrest in Montenegro

Terraform Labs founder and crypto fugitive Do Kwon has been charged with eight counts of fraud in New York after his arrest in Montenegro.

23.03 / 17:01

Waves Citizens CEO Terra Luna Breaking News: Terra Luna Founder Do Kwon Allegedly Arrested in Montenegro – Developing Story

Terra founder and crypto fugitive Do Kwon has been allegedly arrested in Montenegro.

23.03 / 16:37

business Blockchain Terra Luna Terraform Labs Terra Breaking: Terraform Labs co-founder Do Kwon reportedly arrested in Montenegro

According to an unconfirmed post from Filip Adzic, minister of the interior of Montenegro, an individual suspected of being Terra Luna co-founder Do Kwon has been arrested within the territory of the Balkan nation on Mar. 23.

16.03 / 03:03

business Blockchain Terra Usd Terra Luna Terra 1 year after $11M LUNC bets; Do Kwon wanted, funds paid, hedge stuck on FTX

Approximately one year prior, on Mar. 14, 2022, cryptocurrency trader GiganticRebirth (GCR) invited the then co-founder of CEO of Terraform Labs, Do Kwon, in a $10 million bet that the price of Terra Luna (LUNC) would be lower than its then price of $92.4 per token one year later. The blockchain executive accepted the offer, the second in the series after the day prior, when cryptocurrency trader Algod offered a $1 million bet that LUNC would be lower than $88 per token on Mar. 13, 2023, to which Kwon also accepted, resulting in two bets worth $11 million and prize money pool of $22 million .

14.03 / 22:39

TerraUSD Terra US Authorities Probe Jump Trading and Jane Street Conversations About TerraUSD Bailout

The US Justice Department has probed the two major trading firms Jump Trading and Jane Street about plans for a potential bailout of the Terra network’s failed algorithmic stablecoin TerraUSD (UST).

07.03 / 13:15

TerraUSD Terra Luna Terra fugitive Singapore Police Launch Investigation into Crypto Fugitive Do Kwon and Terraform Labs – Where is He?

Singapore authorities have launched a probe into Do Kwon's Terraform Labs, the entity that developed the now-collapsed TerraUSD stablecoin.

06.03 / 15:45

Stablecoin Binance regulation Paxos Terra Here’s how Binance is mitigating its stablecoin needs after BUSD ban

Binance has turned to a new set of stablecoins in the wake of the United States Securities and Exchange Commission’s (SEC) regulatory action against its native stablecoin, Binance USD (BUSD). The SEC had sent a Wells notice, alleging BUSD violates U.S. securities law.

06.03 / 14:51

defi regulation Police investigation Terraform Labs Terra Terraform Labs co-founder Do Kwon gets probed by Singaporean authorities

Local authorities in Singapore announced they had begun a probe that is connected to Do Kwon’s Terraform Labs.

25.02 / 00:11

defi Hackers hacks regulation Loans Terra Yield platform Stablegains sued for promoting UST: Finance Redefined

Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you significant developments over the last week.

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