Terraform Labs

According to reports, Lisa Braganca, a former head of law enforcement at the US Securities and Exchange Commission, said that the US law enforcement authorities have jurisdiction over Terraform Labs based in Singapore and its founder, Do Kwon, because they knowingly promote their LUNA and terraUSD (USD) tokens to US investors. Interpretation of this information: The US Securities and Exchange Commission (SEC) continues to assert its authority over entities based outside the United States if they have a significant presence and engage in activities with US investors. A recent report…

It is reported that Do Kwon, founder of Terraform Labs, is charged with forgery in Montenegro and will appear in court for extradition proceedings later Friday. After the collapse of the stable currency terraUSD, which caused a shock wave in the encryption market last year, the South Korean national has been on the run. Interpretation of this information: The news of Do Kwon’s legal troubles is another blow to the cryptocurrency market. As the founder of Terraform Labs, Kwon was responsible for creating the stable currency terraUSD, which failed spectacularly…

According to reports, the Financial Crimes Department of the Prosecutor’s Office of the South District of Seoul found that Do Kwon, CEO and founder of Terraform Labs, remitted $4.5 million to a South Korean law firm in July and August 2022. The source also stated that Do Kwon continued to remit money to the law firm after traveling to Serbia from Dubai in September 2022. Interpretation of this information: The recent news about Do Kwon, CEO and founder of Terraform Labs, remitting $4.5 million to a South Korean law firm…

On March 23, the Minister of Internal Affairs of Montenegro, Filip Adzic, announced on his social platform that Terraform Labs co founder Do Kwon had been arrested in Montenegro. Interpretation of this information: On March 23, the Minister of Internal Affairs of Montenegro, Filip Adzic, broke the news via his social media account that Do Kwon, the co-founder of Terraform Labs, had been arrested while in Montenegro. While it is unclear as to what led to the arrest, the news has caused concerns among the crypto community as Do Kwon…

On March 6, according to Bloomberg News, the Singapore police have launched an investigation into Do Kwon and Terraform Labs. Terraform Labs did not immediately respond to requests for comment. Interpretation of this information: The Singaporean police are investigating Do Kwon and Terraform Labs, according to a report by Bloomberg News on March 6th. Terraform Labs, the blockchain developer that recently launched the Mirror Protocol and Anchor Protocol, has yet to speak out about the investigation. The reasons behind the investigation are still unclear, but some analysts speculate it could…