Authorities in South Korea orders Do Kwon to return his passport
Do Kwon, the founder of Terra, has been given 14 days to return his home passport. Kwon risks losing the passport if it is not returned, and further applications can be denied. Do Kwon, the contentious creator of the Terra ecosystem that abruptly collapsed in May has been asked by South Korea’s Ministry of Foreign […]
Do Kwon receives “Red Notice” from Interpol
Regarding the devaluation of the cryptocurrency used in the Terra ecosystems, Do Kwon is accused in South Korea. Do Kwon, the co-founder of Terraform Labs, is purportedly the subject of a “Red Notice” from Interpol to law enforcement agencies all around the world. In response to charges Kwon is facing in South Korea for the […]
U.S. House Bill aims to ban UST-Like Stablecoins for two years
Although its full impact and consequences are yet to be determined; a recent draft of a U.S. House bill proposes a two-year ban on stablecoins like Terra’s UST stablecoin. The Federal Reserve, the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corp., and the SEC are just a few of the federal […]
Terra Co-Founder’s Passport To Be Invalidated By South Korea
On Wednesday, arrest warrants were sent out for the CEO of Terra and five other people. The prosecutors also asked for their passports to be invalidated — except for Nicholas Platias , another Terraform Labs founder, who is not a Korean national. Local media said on Thursday that South Korea’s Ministry of Foreign Affairs is […]
Do Kwon breaks silence over Terra’s demise
Do Kwon has broken his silence over the demise of the algorithmic stablecoin Terra USD (UST) and LUNA, this has triggered negative reactions from the crypto community. The Terra CEO continues to be unpopular with the community despite Kwon’s attempts to defend himself in an interview. Podcaster Eric Conner contrasted Do Kwon’s predicament to that […]