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After the collapse of the Terra (LUNA) ecosystem and accusations of fraud, Terraform Labs is in the spotlight this time for money laundering.
Terra’s fate in the recent times has been poor in the crypto sphere. Terraforms lab, which was founded by Do Kwon, appears to be in a soup which is getting more and more hot as the day passes by. We all know, that the market collapse on May 12th, caused a catastrophic result for Terra where in, the stable coin UST and its sibling cryptocurrency Luna lost almost 99% of their value, coming down from a high of almost $120 to a meagre $0.0009 in a day. The loss in value of the currencies wiped out a billion of dollars
Do Kwon may have just been caught laundering money through Terraform Labs into a Korean shell company called Kernel Labs
Madrona Venture Labs raises $8M, unveils plan to turn its investors into co-founders of spinouts May 12, 2021 at 7:27 am The Madrona Venture Labs team, clockwise from left: Flora Ku, Keith Rosema, Maria Hess, Henry Huang, Mike Fridgen, Jay Bartot, Jason Flateboe. (Madrona Venture Labs Photo) The news: Madrona Venture Labs, the startup studio associated with Madrona Venture Group, has raised $8 million for its fourth fund. The Seattle-based studio also unveiled a new model that turns its investors — tech vets such as former Zillow Group CEO Spencer Rascoff; former Qualtrics exec Julie Larson...