Upbit, Bithumb among Korean crypto exchanges hit in Terra fraud raid
Korean authorities raided the exchanges in a bid to uncover whether the Terra collapse was intentionally caused by Do Kwon.
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Korean authorities raided the exchanges in a bid to uncover whether the Terra collapse was intentionally caused by Do Kwon.
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The suit alleges defendants, which also include Terraform Labs, conned investors by failing to register tokens as securities with the SEC.
Investors are suing Binance US, alleging illegal business practices, deceptive marketing, and fradulent claims that LUNA/UST were "safe."
The UST co-founder was accused of siphoning off $2.7 billion in 33 monthly withdrawals of $80 million each.
A US Second Circuit court has rejected pleas by Terra LUNA's founder Do Kwon to ignore a SEC subpoena he received last year.
— Luna, Stablecoin
We should reflect on Luna's crash and its impacts on crypto before we start building — or 'buidling' — again, says Cas Piancey.
Recipients of revamped Luna tanked the token just hours after launch as they scrambled to recoup losses caused by the original's devastating crash.
HitBTC, Huobi and Binance have all shown support for the revival of Terra's blockchain as authorities continue to investigate its collapse.