Terra
Former Tmon CEO faces arrest for taking bribes to promote Terra Classic
According to South Korean authorities, advertising raised the price of Terra Classic token LUNC.
South Korean Officials Confirm They Sent Team to Serbia to Find Do Kwon
South Korean authorities have increased their search for Do Kwon and deployed state officials to Serbia.
Mars Hub Launches Independent Cosmos Application Chain
An airdrop on the mainnet will unlock 64.4 million MARS tokens for Terra Classic holders who held them throughout the two historical snapshots. Osmosis blockchain will launch the first Mars outpost in early 2023.
Terra Co-Founder Do Kwon Allegedly Hiding In Serbia
South Korean officials have asked Serbian assistance in bringing him back to face prosecution. The 31-year-old relocated to Singapore before the Terra ecosystem collapsed. Serbia is not one of South Korea's 31 bilateral extradition treaties. It's unclear if South Korea can extradite Kwon.
Singapore police allegedly investigate Hodlnaut
Singaporean crypto lender Hodlnaut is reportedly under investigation for cheating and fraud. Multiple complaints against the platform between August and November 2022 prompted the police to investigate the exchange's founders. Singapore police say most complaints involve misrepresentations.
Report on Kwon's Escape to Dubai in Sept is True: Korean Prosecutors
Prosecutors in Seoul have said that a report about crypto fugitive Do Kwon's departure from Singapore to Dubai in September is true. They added that his travel to Dubai is likely a stopover to another destination.
Terra's Do Kwon Says He is Cooperating With Prosecutors in New Interview
In a new interview with Laura Shin, Do Kwon maintained that he has been cooperating with prosecutors
Ex-Terra Developer Somani Raises $15M for Startup
Neel Somani launched his Solana-based cross-chain modular rollup startup, Eclipse, following the collapse of TerraUSD.
South Korean VC Firm Hashed Lost Up to $3.6B to LUNA Crash: CEO
Simon Seojoon Kim, the CEO of South Korean venture capital firm, Hashed has revealed the firm lost up to $3.6 billion when Terra collapsed back in May.
Opinion: Terra – A lesson learnt for trading platforms?
The events related to the Terra and Luna collapse highlight why trading platforms need to provide clarity and education for their users. With tighter regulations looming, demonstrating responsibility and a commitment to consumer protection is vital if trading platforms are to thrive.