South Korean Court Rules Terra Crypto Asset LUNC Is Not a Security

Amidst the allegations against Do Kwon, the co-founder of Terraform Labs, a recent report by the Korean Sunday News has revealed that the Seoul Southern District Court has ruled in favor of LUNA, now renamed LUNC, by stating that it is not a financial investment product. Despite the recent enforcement action by the U.S. Securities [...]

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Court Drops Terra Luna Co-Founder Hyun-Seong’s Warrant

For some time now, Terraform Labs has been making headlines. According to sources, South Korean authorities summoned the company’s co-founder Daniel Shin, also known as Shin Hyun-Seong, earlier this month for an inquiry into claims that he improperly benefitted from the sale of LUNA [now LUNC] tokens. According to a South Korean news source, the […]

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Terraform Labs’ Co-founder to be prosecuted by S.Korea

Terraform Labs has been in the news for a while now. Earlier this month, according to reports, South Korean authorities had summoned Daniel Shin, a co-founder of Terraform Labs, to appear at an investigation this week about allegations that he unfairly profited from the sale of LUNA [now LUNC] tokens. Yonhap, a South Korean news […]

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Terra: Do Kwon’s Associate Listed As A Witness Before Audit Committee

Terra’s co-founder and developer Daniel Shin along with representatives of the digital asset industry would bear witness before South Korea’s financial audit committee in the upcoming annual state audit, local sources reported. According to reports, witnesses for a three-week parliamentary audit beginning on October 4 will include Tchai Holdco general manager Shin Hyun-Seung, DSRV Labs […]

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South Korea Confirms TerraForm Labs Co-Founder Trial Date

The court hearing is set for late May, unexpectedly changing plans for the South Korean entrepreneur.

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Terra Co-Accused Daniel Shin Skips First Court Trial

South Korea kicked off the first court trial for Terra co-accused Daniel Shin, along with seven additional former employees of the collapsed crypto project. Shin chose not to appear as it was a preliminary hearing, according to an email statement. The former co-founder was recently charged by South Korean prosecutors with several offenses related to his […]

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Seoul Takes Control Over $160 Million in Assets of Former Terraform Employees, Founder

Authorities in South Korea have reportedly seized assets worth billions of won belonging to former representatives of Terraform Labs. The measure should prevent suspects in the case with the failed blockchain firm from selling property that may have been obtained with criminal proceeds. South Korean Law Enforcement Moves to Seize Terraform-Linked Real Estate, Report Prosecutors [...]

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