
April 18th, 2025
Seoul Southern District Court has now issued a court order that prohibits the sale of several of Do Kwon’s properties.
Korean officials have linked approximately 91.4 billion won, worth about $69 million, in digital assets directly to Do Kwon.
Like many stablecoins, BTG Dol token is also pegged to the US dollar.
The news has already stirred the crypto ecosystem with many of the affected holders of LUNA yet to recover their losses.
The need for better transparency and compliance with laid down rules will be critical in 2023.
Do Kwon has often claimed that his intentions for the UST stablecoin were legitimate as he sought to pioneer a monetary system that is independent of the influence of the US dollar.
Bitfinex has also stated that it is aware of the 1.2% tax burn on Luna Classic, and might join the process.
The draft is with chair Rep. Maxine Waters (D-CA), pending review by the ranking member Rep. Patrick McHenry (R-NC).
Following reports that the Terra co-founder and his accomplices are on the run, Do Kwon has dismissed the rumors.
Top executives have been leaving Pantera Capital over the last few months in just few months of joining.
Before the announcement, experts noted that Japan lacked a crypto-friendly environment to help Japanese crypto start-ups thrive in the nation.
The founder of Hashed is looking for his new big investments in GameFi and believes that the virtual gaming world will unlock new economic opportunities as well as job opportunities in the market.
Three Arrows Capital cofounders finally granted an interview to refute allegations that they moved funds before the company collapsed.
Authorities in South Korea have cracked down on several business related to the Terra collapse of the UST and LUNA tokens.
The hacker group also revealed that it would be looking into the entire history and doings of Do Kwon since he entered the crypto space.