Authorities in South Korea reportedly seized roughly 210 billion won worth of real estate and assets connected to former Terra employees, including Daniel Shin and Kim Mo.
The Seoul Southern District Prosecutor’s Office has reportedly seized around $160 million worth of assets from eight individuals associated with Terraform Labs, including co-founder Daniel Shin. According to an April 3 report from South Korean news outlet KBS, the authorities confiscated approximately 210 billion won, which is equivalent to $160 million. Also, the properties were …<p class="read-more"> <a class="" href="https://www.cryptopolitan.com/south-korean-authorities-seize-160m-assets-terraform-labs-collapse/"> <span class="screen-reader-text">South Korean authorities seize $160 million of assets in connection with Terraform Labs’ collapse</span> Read More »</a></p>
Lawyers representing Terraform Labs founder Do Kwon have argued that the actions of the United States Securities and Exchange Commission (SEC) violate the…
The recent arrest of Do-hyung Kwon, the CEO of Terraform Labs, in Montenegro has brought to light his previous denial of U.S. jurisdiction while on the run.…
Crypto firm bankruptcies and resulting disruption in the crypto ecosystem will continue to exacerbate liquidity and regulatory concerns in this space. Signs of contagion are evident as.