Prosecutors from Seoul suspect that Terraform Labs and its co-founder, Do Kwon, still possess a substantial sum of money, specifically 130 billion won ($100 million), held in a Swiss bank account. This comes after recent legal action against ten associates of Terraform Labs, including co-founder Shin Hyun-seong, also known as Daniel Shin. South Korean prosecutors …<p class="read-more"> <a class="" href="https://www.cryptopolitan.com/seoul-prosecutors-allege-100m-swiss-bank-account-do-kwon/"> <span class="screen-reader-text">Seoul prosecutors allege $100 million in Swiss bank account linked to Terra co-founder Do Kwon</span> Read More »</a></p>
TerraClassicUSD (USTC) traded up 3.4% against the U.S. dollar during the twenty-four hour period ending at 18:00 PM Eastern on April 27th. One TerraClassicUSD coin can currently be bought for $0.0199 or 0.00000067 BTC on cryptocurrency exchanges. Over the last seven days, TerraClassicUSD has traded 5.4% lower against the U.S. dollar. TerraClassicUSD has a total […]
SEOUL: South Korea indicted Terraform Labs co-founder Daniel Shin along with nine others on multiple charges including violations of capital markets law.
Terraform Labs co-founder Daniel Shin was reportedly indicted in South Korea on Tuesday in connection to last year’s implosion of TerraUSD and Luna crypto…