South Korean prosecutors out to arrest Terraform Labs’ co-founder Daniel Shin
As per Yonhap’s report, Shin claimed that he had cooperated with the investigation. He is also being charged with the violation of the Electronic Financial Transaction Act. After months of back and forth with Terra poster boy Do Kwon, prosecutors in South Korea have now turned their attention to the other culprits responsible for the […]
Just-In: Terra LUNA Announces NFT Minting On Terra Blockchain
Troubled blockchain platform Terra releases a step-by-step tutorial on YouTube for developers to mint non-fungible tokens (NFTs) on the Terra blockchain. The firm aims to help as many developers as possible to build on the Terra blockchain and drive back the utility. Meanwhile, Terra (LUNA) price soars over 3% in the last 24 hours, with The post Just-In: Terra LUNA Announces NFT Minting On Terra Blockchain appeared first on CoinGape.
Report: Hodlnaut lost almost $190M in Terra crash
Singapore-based crypto lender Hodlnaut reportedly lost almost $190 million, as a result of Terra’s collapse earlier this year in May. According to a report published by Bloomberg, the embattled lender led investors and customers to believe that its exposure to Terra was not as significant. Hodlnaut downplayed the exposure to Terra The Interim Judicial Managers’ […]
Do Kwon Faces Fresh $57 Million Lawsuit from Investors
Do Kwon, the founder of Terraform Labs & creator of the algorithmic stablecoin UST, is now the target of a lawsuit in Singapore which was filed by more than 350 aggrieved investors who lost nearly $57 Million in the UST de-pegging event. The class action lawsuit alleges that Kwon & his subordinates intentionally misrepresented the The post Do Kwon Faces Fresh $57 Million Lawsuit from Investors appeared first on CoinGape.