• Bitcoin
  • NFT
  • Binance
  • ETH
  • DeFi
  • Metaverse
  • IDO
  • Coinbase
  • Solana
  • ETF
  • FTX
  • GameFi
Newsletter
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
CoinLive
No Result
View All Result
Home Crypto News

Singapore launches investigation into Do Kwon’s Terraform Labs

189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Singaporean authorities have confirmed that Do Kwon, the most wished character, is not current in this island nation.

Singapore launches investigation into Do Kwon’s Terraform Labs

Second BloombergSingapore Police have launched an investigation into Terraform Labs, the organization behind the algorithmic stablecoin UST which collapsed in May 2022 by way of a March six e mail.

Related articles

Binance Labs invests $3.15 million in Open Campus, EDU builds columns

Binance Labs invests $three.15 million in Open Campus, EDU builds columns

November 27, 2023
NFT exchange LooksRare launches minigames with token burning mechanism

NFT exchange LooksRare launches minigames with token burning mechanism

November 25, 2023

In an emailed statement Monday, police mentioned “investigations have begun in relation to Terraform Labs” and extra that the investigation was “ongoing.”

Singapore Police also mentioned Kwon is not at present in the city-state https://t.co/LPnTAm3jLs

— Bloomberg Crypto (@crypto) March 7, 2023

Last month, The US Securities and Exchange Commission (SEC) indicted Terraform and its co-founder Do Kwon conspiracies to deceive traders, use of cryptocurrencies and securities, resulting in The crash occasion brought on a $forty billion reduction.

The SEC also indicted Do Kwon and Terraform Labs mined ten,000 Bitcoins from Luna Foundation Guardhe secretly transferred this funds to a Swiss financial institution to promote it for income and “in his pocket”.

Meanwhile, Do Kwon, the key character, is currently being bullied Korea AND wished global policehe fled for just about a yr to Singapore final April, in advance of arriving Dubai Then Serbia – the final area it can be uncovered, however after stated “don’t run away”.

However, up till now, the Singapore Police have confirmed that Terra’s founder is not current in this nation, right after an extreme search. Recently, there are rumors that Terraform Labs CEO is about to “re-export” the cryptocurrency industry with a quantity of new tasks.

While browsing for Kwon’s “mysterious” whereabouts, quite a few accomplices fell into the crosshairs of the authorities. In November 2022, Korean prosecutors sought an arrest warrant for Terraform Labs co-founder Daniel Shin. A month earlier, Terraform Labs income leader and Do Kwon’s “right hand” Yoo Mo also obtained the similar choice, but the arrest warrant was revoked much less than 48 hrs right after it was issued. .

The collapse of TerraUSD final yr has left unpredictable consequences for the whole cryptocurrency field to date. Despite currently being sought right after, Do Kwon is nevertheless very “quiet” and normally lively on Twitter about him, the CEO’s final tweet was on February 1st. As of this creating, Mr. Kwon has manufactured no new remarks.

Synthetic currency68

Maybe you are interested:

Maybe you are interested:

Tags: InvestigationKwonsLabslaunchesSingaporeTerraform
Share76Tweet47

Related Posts

Coinbase CEO Advocates Crypto for Global Economic Challenges

by shark
June 23, 2025
0

Brian Armstrong, CEO of Coinbase, discusses cryptocurrency's potential to address economic instability, rising debt, and inflation.

Bloomberg Raises Crypto ETF Approval Odds to 90%+

by shark
June 23, 2025
0

Bloomberg analysts forecast over 90% approval odds for crypto ETFs, boosting market optimism.

Bybit Releases 24th Proof of Reserves Audit

by shark
June 23, 2025
0

Bybit's recent Proof of Reserves snapshot reveals an increase in BTC and ETH holdings, with a dip in USDT reserves,...

Bitcoin’s Market Cap Surpasses Leading Global Banks’ Combined Value

by shark
June 23, 2025
0

Bitcoin's market capitalization surpassed the combined value of Bank of America and Bank of China, marking a significant milestone in...

Binance Lists DeLorean (DMC) on Spot and Futures Markets

by shark
June 23, 2025
0

Binance will list DeLorean (DMC) for spot and futures trading, with high trading demand and leverage up to 50x anticipated.

Load More

Tags

analysis announces Bank billion Binance Bitcoin Blockchain BTC CEO Coin Coinbase Crypto cryptocurrencies Cryptocurrency DeFi ETH Ethereum Exchange Finance FTX fund game General News Information Investment Latest Launch launches market Metaverse million Network News NFT platform Price project Protocol Review SEC Solana Token trading users wallet

Recent Posts

  • Coinbase CEO Advocates Crypto for Global Economic Challenges
  • Bloomberg Raises Crypto ETF Approval Odds to 90%+
  • Bybit Releases 24th Proof of Reserves Audit
  • Bitcoin’s Market Cap Surpasses Leading Global Banks’ Combined Value
  • Binance Lists DeLorean (DMC) on Spot and Futures Markets
  • EigenCloud Launched by Eigen Labs with $70M Backing
  • Binance Handles $3 Billion Daily USDT Transfers on Tron
  • Pi Network Faces High Volatility Ahead of Token Unlock
  • About
  • FAQ
  • Contact Us
  • IGO
  • Altcoin
  • Terra
  • Launchpad
  • P2E
  • META
  • AXS
Email us: [email protected]

© 2021 CoinLive - Crypto News 24/7

No Result
View All Result
  • Home
  • Crypto News
  • Market Analysis
  • Learn

© 2021 CoinLive - Crypto News 24/7