• News
    • Bitcoin
    • Altcoins
    • Blockchain
    • Regulation
    • Scams
  • DeFi
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Market Cap
  • Shop
Facebook Twitter Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
Facebook Twitter Instagram
CM247
  • News
    • Bitcoin
    • Altcoins
    • Blockchain
    • Regulation
    • Scams
  • DeFi

    Decentralized exchange volumes slump for six months to lowest levels since January 2021

    2023-10-02

    OKX Wallet Integrates LI.FI Protocol, Simplifying Cross-Blockchain Asset Transfers

    2023-10-02

    Friend.Tech protocol Revenue Crosses A Massive 10,000 ETH, What’s Next?

    2023-10-02

    The Leading 5 Defi Categories Overseeing Billions: An October 2023 Snapshot

    2023-10-02

    Sui TVL Soars To $36.82M, Turbos Finance Leads Explosive Growth

    2023-10-01
  • NFT

    Animoca Brands to Create Web3 Digital ID System

    2023-09-12

    Generative AI Could Make Government Mechanism Less Annoying

    2023-09-12

    Hundreds of Nouns Holders Rally to Exit DAO, Leading to Treasury Split

    2023-09-11

    Krista Kim Explores Spirituality, Art, and Podcast Tokenization at The Gateway: Korea

    2023-09-09

    Exploring Communion In Collaboration with AI

    2023-09-09
  • Metaverse

    Mark Zuckerberg’s Vision for Remote Work: Meta’s Headsets and the Future of Work

    2023-10-01

    Meta Unveils Next-Gen AI Tools and Digital Companions for the Metaverse

    2023-09-28

    Valentino Rossi Steps into The Sandbox with ValeVerse

    2023-09-27

    Opportunities for Artists and Creators at Decentraland Music Festival 2023

    2023-09-26

    Hitachi Leverages Metaverse and VR for Next-Generation Workforce Training

    2023-09-25
  • Analysis

    XRP Price Topside Bias Vulnerable Unless It Climbs Above $0.50

    2023-06-29

    Crypto Analyst Issues Bitcoin Warning, Says It May Be Time for BTC Pullback After 25% Rally

    2023-06-29

    Bitcoin Price Needs To Clear $31K For Hopes of a Fresh Rally

    2023-06-28

    Analyst Predicts Rallies for Chainlink, Updates Outlook on Polygon, Floki and One Additional Altcoin

    2023-06-28

    BNB Market Cap Down By 25% In June Amidst Binance Regulatory Pressure

    2023-06-28
  • Learn

    What Is Toncoin (TON)? Everything You Need To Know

    2023-09-28

    Who Is Satoshi Nakamoto? Mysterious Bitcoin Founder

    2023-09-25

    What is NBA Top Shot? A Beginner’s Guide

    2023-09-22

    What Are Bridges in Crypto? Cross-Chain Bridges, Explained – Cryptocurrency News & Trading Tips – Crypto Blog by Changelly

    2023-09-21

    SingularityNET (AGIX) Price Prediction 2023 2024 2025

    2023-09-18
  • Market Cap
  • Shop
CM247
Home»Regulation»Do Kwon reportedly hires lawyers in S. Korea to prepare for Terra investigation
Regulation

Do Kwon reportedly hires lawyers in S. Korea to prepare for Terra investigation

2022-08-18No Comments2 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email
coin-mama

Terraform Labs co-founder Do Kwon has reportedly employed a lawyer from a home legislation agency in South Korea simply days after claiming the South Korean authorities are but to succeed in out to him or file any fees in opposition to him.

According to an area media report, Kwon lately submitted a letter of appointment to an legal professional on the Seoul Southern District Prosecutors’ Workplace, the division that’s at the moment investigating the Terra-LUNA — now renamed Terra Basic (LUNC) — collapse.

Whereas Kwon claims no fees had been filed in opposition to him, prosecutors in South Korea behind the investigation of Terraform Labs reportedly executed a search and seizure in 15 corporations within the third week of July. It contains seven crypto exchanges linked to now-defunct Terra’s collapse.

Prosecutors reportedly notified Kwon, who was staying in Singapore and banned the departure of key folks.

Associated: Do Kwon breaking silence triggers responses from the neighborhood

South Korean authorities started an investigation into the $40 billion Terra ecosystem collapse quickly after the ecosystem’s implosion in Might. The primary motion got here in direction of the tip of Might when the authorities determined to type a brand new crypto oversight committee to keep away from Terra-like incidents sooner or later. Later, CEO Kwon was sued and accused of fraud and violating a number of monetary acts.

In June, the authorities started a proper investigation into the incident and located Terraform Labs responsible of tax evasion and market manipulation. Prosecutors within the nation banned Terraform Lab staff from leaving the nation.

The Terra-USD collapse and implosion of a $40 billion ecosystem had a catastrophic influence on the bigger ecosystem. The incident later led to a crypto contagion that claimed a number of crypto lenders and hedge funds.

Source link

coin-mama
Hires investigation Korea Kwon lawyers prepare reportedly Terra
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Circle Says Stablecoins Are Not Securities, Argues SEC Has No Jurisdiction Over Dollar-Pegged Crypto Assets

2023-10-02

DOJ Says Agency Will Call Sam Bankman-Fried’s Coconspirators Who Entered Guilty Pleas To Witness Stand

2023-10-02

Kenyan authorities claim Worldcoin’s activities amount to ‘espionage’

2023-10-01

Shark Tank’s Kevin O’Leary Says New Regulatory-Compliant Crypto Exchange Set To Replace Binance and FTX

2023-10-01
Add A Comment

Leave A Reply Cancel Reply

Top Posts
Regulation

Community mocks Charlie Munger for his obsession with China’s Bitcoin ban

2023-02-03

The cryptocurrency group has ridiculed well-known Bitcoin (BTC) critic Charlie Munger, vice chairman of Berkshire Hathaway,…

Regulation

Russian officials approve use of crypto for cross-border payments: Report

2022-09-22

The Financial institution of Russia and the nation’s Ministry of Finance have reportedly reached an…

NFT

Here’s how Rally is ‘democratizing’ ownership of a rare Noun NFT 

2022-08-22

NFT In a market that values rarity above all else, Nounders Noun NFTs stand out.…

Subscribe to Updates

Get the latest news and Update from CM247 about Crypto, Metaverse and NFT.

About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, NFT, Metaverse and more.

We're social. Connect with us:

Facebook Twitter Instagram Pinterest
Popular Post

Dingo crypto token flagged as scam over 99% transaction fee backdoor

2023-02-05

Bitcoin Bulls On Edge As Pivotal Level Sets Stage For Potential Price Surge Or Slump

2023-04-26

Buyer of Most Expensive NFT Offloading Collection at a Discount

2022-11-11

Subscribe to Updates

Get the latest news and Update from CM247 about Crypto, Metaverse and NFT.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
© 2023 cryptocurrencymedia247.com. Designed by ProdigitalX.

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$20,168.002.51%
  • ethereumEthereum(ETH)$1,532.186.43%
  • tetherTether(USDT)$1.00-0.02%
  • usd-coinUSD Coin(USDC)$1.00-0.09%
  • binancecoinBNB(BNB)$286.102.95%
  • TerraTerra(LUNA)$88.14-1.01%
  • Binance USDBinance USD(BUSD)$1.00-0.14%
  • rippleXRP(XRP)$0.3315312.89%
  • cardanoCardano(ADA)$0.4480674.29%
  • SolanaSolana(SOL)$32.015.40%