Bitcoin24h $70,597.03+3.48%

Ethereum24h $2,052.54+2.44%

BNB24h $646.82+2.39%

XRP24h $1.39+2.61%

Solana24h $86.82+3.24%

TRON24h $0.2848-0.10%

Dogecoin24h $0.0952+4.77%

Cardano24h $0.2645+3.40%

Hyperliquid24h $34.95+9.75%

Bitcoin Cash24h $449.32-0.39%

Terraform Labs co-founder Daniel Shin and nine others indicted in South Korea

The Seoul Southern District Prosecutor’s Office said Tuesday that Daniel Shin and several others are charged with violating securities law.

South Korea court says Terraform Labs’ crypto token Luna wasn’t a security

Charges of securities violation against Terraform Labs co-founder Daniel Shin have been dismissed on the grounds that luna wasn’t a security.

Terra founder Do Kwon sent top law firm Kim & Chang $3 million that authorities hope to seize and use against him in their fraud case.

Documents found by DL News show Do Kwon set up a company in Serbia three weeks after he was declared an international fugitive.

Quantitative trading juggernaut Jump Crypto could have been one of the largest beneficiaries of one of history’s largest frauds, Terra.