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Terraform Labs

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March 2023

FastForkast headlines

South Korea confirms identity of man arrested in Europe as Terra-Luna fugitive Do Kwon, seeks extradition

Terraform Labs founder Daniel Shin again questioned by South Korea prosecutors over stablecoin collapse

South Korea cranks up pressure to extradite Do Kwon, founder of failed Terra-Luna stablecoin

FBI investigating the collapse of Do Kwon’s Terra-Luna, WSJ reports

Singapore police begin probe linked to Do Kwon’s Terraform Labs: Bloomberg

March 2023

South Korea prosecutors say Serbia ready to help fraud investigation into Terra’s Do Kwon

Prosecutors flew to Serbia earlier this month as part of an investigation into Terraform Labs chief Do Kwon, who faces fraud accusations related to the US$40 billion collapse of his Terra-Luna cryptocurrency project in May last year.

FastForkast headlines

Singapore police begin probe linked to Do Kwon’s Terraform Labs: Bloomberg

March 2023

FastForkast headlines

Singapore police begin probe linked to Do Kwon’s Terraform Labs: Bloomberg

March 2023

S.Korean prosecutors mull second request of arrest warrant for Terra cofounder Daniel Shin

Seoul judge dismisses prosecutors’ request for arrest warrant for Terra’s Daniel Shin, derails their plan to investigate Shin in custody

FastForkast headlines

Singapore police begin probe linked to Do Kwon’s Terraform Labs: Bloomberg

South Korea freezes US$93 mln in assets of former Terra-Luna associates

Terra fugitive Do Kwon has registered address in Serbia: S. Korean local media

Terra cryptocurrency fugitive Do Kwon flew to Serbia last month, South Korean prosecutor says

Judge approves subpoenas for 3AC cofounders 

Terra cofounder Daniel Shin makes court appearance for arrest warrant review

December 2022

South Korea freezes Terra cofounder Daniel Shin’s US$104 mln in assets; CEO Do Kwon tweets he was wrong, not fraudulent

Terra’s former executive Daniel Shin’s US$100 million were frozen on Thursday; Do Kwon tweets that the Terra team did everything to save UST

Terra cofounder Daniel Shin’s Chai Corp. raided by S.Korean authorities

Daniel Shin’s Chai Corporation, which partnered with Terraform Labs in 2019, is accused of violating capital market rules in past dealings with Terra.

Crypto fugitive Do Kwon said to be hiding in Europe, mocks ‘cops from world over’ in series of tweets

The South Korean founder of the collapsed Terra stablecoin faces multiple allegations of wrongdoing, the latest being price manipulation.

Crypto leaders differ over Do Kwon blame in May’s market crash

‘Bad actor’ or a ‘sliding market’? Blockchain industry leaders at Hong Kong FinTech Week offer insights into the Terra-LUNA crash.

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Terra cofounder Daniel Shin makes court appearance for arrest warrant review

Terra-Luna cofounder Daniel Shin may face fraud charges in South Korea, prosecutors say

Terra cofounder Daniel Shin denies $100 mln LUNA cashout: report

S.Korea summons ex-Terra exec Daniel Shin over US$100M in LUNA gains

November 2022

South Korea indicates fugitive Do Kwon’s passport still valid; his location unknown

Kwon has been issued with an Interpol “red notice” requesting his extradition on charges brought by South Korea related to the implosion of the Terra Luna cryptocurrency project he founded

S.Korea’s parliament audit on Terra-LUNA falls short of expectations

The National Assembly wanted to get to the bottom of the Terra-LUNA collapse on Thursday. At the end of a long and speech-filled day, lawmakers left empty-handed.

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S.Korea summons ex-Terra exec Daniel Shin over US$100M in LUNA gains

Interpol’s global police beat moves to metaverse amid hunt for Terra’s Do Kwon

Terra CEO Do Kwon, wanted in South Korea, left Singapore and flew to parts unknown via Dubai

Arrested Terra employee, Do Kwon associate, released from custody amid S. Korea Terra-LUNA probe

Terra’s network validator DSRV Labs CEO denies prior knowledge of Terra-LUNA collapse

South Korea makes first arrest in Terra-LUNA investigation

S.Korea gov’t failed, special prosecutor needed on Terra-LUNA, lawmaker says

Terra CEO Do Kwon to lose his passport within a month

Terra cofounder Daniel Shin pulls out of S.Korean parliamentary audit, report says

October 2022

South Korea’s investigation of Do Kwon ‘unfair’: Terraform Labs

Terraform Labs Pte. Ltd., the firm behind the collapse of the Terra-LUNA stablecoin project said South Korean prosecutors’ measures in pursuing its chief executive officer Do Kwon violate his basic rights under Korean law.

Do Kwon denies cashout allegations

The man behind Terra-LUNA contradicts the basis of the new action South Korean authorities took to corner and locate him.

Interpol issues red notice for Do Kwon, says South Korean prosecutor

South Korea is pursuing different options to get custody of Do Kwon as the Terraform Labs CEO faces charges for his alleged involvement in the multibillion collapse of the Terra-LUNA stablecoin project.

Terra chief faces arrest as South Korea ramps up global manhunt

Top blockchain and crypto news: Where is Do Kwon hiding out? Ethereum Merge mood fading fast. China’s digital yuan draws scrutiny Down Under.

For South Korea, making Do Kwon pay for his alleged crimes easier said than done

A member of the prosecuting team tells Forkast additional charges are likely to be leveled against Terraform Labs Chief Executive Officer Do Kwon following this week’s issuance of an arrest warrant for violating the country’s Capital Markets Act.

Terra CEO Do Kwon faces ‘illegal alien’ status in Singapore as Seoul cancels passport

Prosecutors investigating the man behind the US$37 billion wipeout of the Terra-LUNA cryptocurrency project are raising the stakes to get him back to South Korea.

Binance launches Ethereum staking ahead of Merge upgrade

Top blockchain and crypto news: Binance bets on Ethereum Merge. What does Terra’s sudden resurgence mean? China seeks to expand e-CNY ecosystem.

Securities or not? South Korea to evaluate Terra’s LUNA token

Identifying characteristics of securities in Terra’s tokens could help South Korea with new charges on Terraform Labs and CEO Do Kwon.

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Terra cofounder Daniel Shin pulls out of S.Korean parliamentary audit, report says

Do Kwon says “not on the run” as S.Korea calls for Interpol’s red notice

South Korea issues arrest warrant for Terraform Labs CEO Do Kwon

Markets: Bitcoin, Ether, Cardano slip; remnants of Terra – USTC and LUNC – jump

September 2022

IMF warning shrugged off; US stablecoin bill race

The crypto market shrugs off IMF’s predicted recession risk. Also, U.S lawmakers racing to introduce the stablecoin bill.

Tesla’s Bitcoin bump; Zipmex freezes withdrawals

Bitcoin drops after Tesla sells 75% of its bitcoin holdings. Meanwhile, South Korean authorities raid 15 companies as part of their Terra Luna investigations.

Celsius reveals US$1.2B financial hole; Terra subsidiary investigated

Celsius reveals it has a US$1.2 billion hole in its balance sheet. Meanwhile, a Terra subsidiary is under investigation by South Korean authorities.

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Markets: Bitcoin, Ether, Cardano slip; remnants of Terra – USTC and LUNC – jump

S.Korea slaps ‘notification upon arrival’ on Terra’s Do Kwon

South Korean prosecutors said to have raided Terra cofounder Shin’s residence

S.Korea prosecutors raid crypto exchanges as part of Terra-LUNA investigation

Terra subsidiary used as funds channel for overseas affiliates: report

July 2022

S.Korea blocks ex-Terra employees from leaving country amid investigation

Prosecutors said they also wish to interview Terraform Labs Chief Executive Officer Kwon Do Hyung as part of an investigation into the multibillion dollar collapse of the company.

Inflation bashes crypto market; South Korea’s new listing rules

Inflation hits crypto markets hard as Bitcoin drops almost 8%. Meanwhile, South Korean exchanges work on new rules to prevent another Terra Luna incident.

Do Kwon loses appeal; India’s crypto pirate warning

As the Terra saga continues to unfold, Do Kwon loses an appeal against the SEC. Meanwhile, Circle’s head of policy slams CBDCs.

Do Kwon and Terra lose appeal to impede SEC investigation

The order said Do Kwon and Terraform Labs had sufficient contact with the US for the Securities and Exchange Commission to investigate it for possible violations of federal securities laws.

Singapore’s digital assets initiative; Shanghai lockdown ends

Singapore announces plans for a digital assets initiative. Meanwhile, Shanghai’s lockdown finally ends, but markets remain hesitant.

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Terra subsidiary used as funds channel for overseas affiliates: report

A few large trades likely broke UST’s peg: Chainalysis

Retail investors shouldn’t invest in crypto: Singapore’s deputy PM

June 2022

Memo to Crypto World: Wall Street is here to stay

Wall Street did it! At least that is one of the theories about the cause of the nearly US$50 billion meltdown of Terraform Labs stablecoin and LUNA cryptocurrency. How does that stand up?

India’s CBDC plans; Stablecoins vs CBDCs

The Reserve Bank of India explores digital rupee options. Meanwhile, Terra’s new Luna coin drops significantly since launch.

Governments pushing for CBDCs smell blood in Terra Classic’s struggles

Advocates for central bank digital currencies argue their inherent stability supersedes any benefits so-called stablecoins, algorithmic or otherwise, could offer.     

Terra 2.0 delayed; India’s Non Fungible League

StepN limits their services in China. Meanwhile, Terra 2.0 poses questions relating to investor trust.

Winning back the trust of the Terra community a tall order for Do Kwon: Experts

Do Kwon’s proposal to create a new Terra network chain is set to go live this weekend — what does Terra 2.0 entail and will it successfully win back its following?

E-CNY use widens in Chinese schools; Terra faces audit

A hydropower plant in China has been fined for illegally powering crypto mines. Meanwhile, South Korean auditors plan on auditing Terra and other crypto exchanges.

FastForkast headlines

Retail investors shouldn’t invest in crypto: Singapore’s deputy PM

Terra 2.0 new LUNA is down 70% since restart

Terra to burn leftover UST (USTC) stablecoins in community pool

Terra, LUNA vote ends in favor of Do Kwon’s new chain proposal