Terraform Labs' bankruptcy filing has significant implications for the Terra community and the market. The ongoing legal challenges, coupled with Do Kwon's troubles, contribute to a challenging environment. LUNA's market performance reflects the prevailing negative sentiment, with potential extradition complications adding to the uncertainty.
Cheng YuanThe platform acknowledged the efforts of two "on-chain sleuths" and granted them a bounty of 9,519.2625 Arkham (ARKM), amounting to roughly $5,000 at the time of the announcement.
Coinlive Previous attempts to arrest the Terra co-founder Daniel Shin failed because a South Korean court refused to grant the arrest warrant.
CryptoSlateTerraform Labs is headquartered and registered in Singapore and this is the first time the country has publicly taken action against Do Kwon and his firm.
CryptoSlateTerraform Labs employees have reportedly been prohibited from exiting South Korea as investigations by prosecutors continue.
CointelegraphThe U.S. regulator is investigating whether Terraform used its Mirror Protocol to sell unregistered securities in a case unrelated to the Terra collapse.
CointelegraphSeoul Metropolitan Police Agency launched an investigation against an employee from Terraform Labs, who is allegedly involved in the embezzlement ...
BitcoinistThere have been many calls on social media for legal action against Do Kwon, and there has also been speculation that the potential departure of his legal team may be motivated by money concerns.
CointelegraphAfter receiving $1.1 billion in donations last month, the Luna Foundation Guard received another 10 million LUNA tokens from Terraform Labs.
CointelegraphAfter receiving a $1.1 billion donation last month, the Luna Foundation Guard has received another 10 million LUNA tokens from Terraform Labs.
Cointelegraph