Sepoy-logo
No Result
View All Result
Wednesday, March 22, 2023
  • Home
  • News
  • Business
  • Health
  • Tech
  • Lifestyle
  • Economy
  • Crypto
  • Travel
  • Home
  • News
  • Business
  • Health
  • Tech
  • Lifestyle
  • Economy
  • Crypto
  • Travel
No Result
View All Result
SEPOY.NET
No Result
View All Result
Home Crypto

South Korea: justice blocks $ 92 million associated with Terraform Labs

Nicholas by Nicholas
December 20, 2022
in Crypto
0
South Korea: justice blocks $ 92 million associated with Terraform Labs

Lately, South Korean authorities froze $92 million illicitly linked to the Terra (LUNA) ecosystem. This operation was carried out as part of the judgment of several individuals with legal responsibility for the collapse of Terraform Labs.

READ ALSO

[CHAINALYSIS PODCAST EPISODE 48] Crypto in the Crosshairs: Are Digital Assets Securities or Commodities?

Circle relies on France to develop its activity within the European Union

https://cryptoast.fr/coree-du-sud-justice-saisit-92-millions-dollars-illicites-Associés-terraform-labs/

Freeze of $92 million associated with Terraform Labs

After confiscating nearly $100 million held by Terraform Labs co-founder Shin Hyun-Seong last November, South Korean authorities just froze the assets of seven other people with ties to Terra (LUNA).

Conducted by the Seoul Southern District Court, the amount blocked by this operation amounts to 92 million dollarsincluding 61 million owned solely by Kim Hyun-Joong, CEO of Kernel Labs and former vice president of engineering at Terraform Labs.

Kernel Labs is a consulting firm specializing in blockchain and smart contracts. However, it turns out that this company was very linked to Terraform Labs through its CEO, but also through its employees: Kernel Labs employees worked on the premises of Terraform Labs members.

Another member of the Kernel Labs executive committee got frozen the equivalent of $31 million illegally received from Terraform Labs. In addition, five other people with links to these two companies had their assets seized for carrying out astronomical gains illegally with the Terra token (LUNA).

Despite everything, Do Kwon, the co-founder of Terraform Labs, still escapes the police authorities: according to the South Korean authorities, he is currently hiding in Serbia. caused tens of billions of lossesboth on the side of institutions and individuals.

👉 Learn all about the collapse of the Terra (LUNA) ecosystem

Alyra, training to integrate the blockchain ecosystem ⛓️

toaster icon

Source: The Korea Economic Daily, Korea JoongAng Daily

Newsletter 🍞

Receive a summary of crypto news every Monday by email 👌

What you need to know about affiliate links. This page presents assets, products or services relating to investments. Some links in this article are affiliated. This means that if you buy a product or register on a site from this article, our partner pays us a commission. This allows us to continue to offer you original and useful content. There is no impact on you and you can even get a bonus by using our links.

Investments in cryptocurrencies are risky. Cryptoast is not responsible for the quality of the products or services presented on this page and could not be held responsible, directly or indirectly, for any damage or loss caused following the use of a good or service highlighted in this article. Investments related to crypto-assets are risky by nature, readers should do their own research before taking any action and only invest within the limits of their financial capabilities. This article does not constitute investment advice.

AMF recommendations. There is no guaranteed high return, a product with high return potential involves high risk. This risk-taking must be in line with your project, your investment horizon and your ability to lose part of this savings. Do not invest if you are not ready to lose all or part of your capital.

To go further, read our Financial Situation, Media Transparency and Legal Notices pages.

author profile picture

Always enthusiastic about new technologies, I gradually moved closer to Web3-related activities during the year 2021. Over time, I wanted to add my stone to the building. It was then that I became an editor, with the aim of explaining cryptocurrency-related topics to as many people as possible.

Timothy Bourbotte

39 items

Related Posts

[CHAINALYSIS PODCAST EPISODE 48] Crypto in the Crosshairs: Are Digital Assets Securities or Commodities?
Crypto

[CHAINALYSIS PODCAST EPISODE 48] Crypto in the Crosshairs: Are Digital Assets Securities or Commodities?

March 21, 2023
Circle relies on France to develop its activity within the European Union
Crypto

Circle relies on France to develop its activity within the European Union

March 21, 2023
Ultimate Champions, le fantasy game multisports aux grandes ambitions
Crypto

Ultimate Champions, le fantasy game multisports aux grandes ambitions

March 21, 2023
The president of Animoca Brands bets on gaming in 2023
Crypto

The president of Animoca Brands bets on gaming in 2023

March 20, 2023
Epic Web3 Conference: meet decentralized web players in Lisbon
Crypto

Epic Web3 Conference: meet decentralized web players in Lisbon

March 20, 2023
Stock markets at half mast, Bitcoin (BTC) at 28,000 dollars: the banking crisis as a trigger for a new bull run?
Crypto

Stock markets at half mast, Bitcoin (BTC) at 28,000 dollars: the banking crisis as a trigger for a new bull run?

March 20, 2023
Next Post
Top Notch Blooms Of Online Flower Delivery For Celebration

Top Notch Blooms Of Online Flower Delivery For Celebration

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

POPULAR NEWS

Roblox Is Unbreakable Trello Is this safe?

Roblox Is Unbreakable Trello Is this safe?

November 4, 2022
Discord Registered Games  Discord Registered Gaming You need to join the Club

Discord Registered Games Discord Registered Gaming You need to join the Club

November 4, 2022
How To Chose the Right Data Analytics Program

How To Chose the Right Data Analytics Program

November 4, 2022
Chandrashekhar Guruji Wiki, Age, Girlfriend, Wife, Family, Biography & More

Chandrashekhar Guruji Wiki, Age, Girlfriend, Wife, Family, Biography & More

November 4, 2022
Heavy explosion on market square in Halle – three injured

Heavy explosion on market square in Halle – three injured

November 4, 2022

EDITOR'S PICK

The Best TikTok Video Downloader

June 12, 2022

China’s state shipping company: How Beijing wants to conquer the world with Coso

October 26, 2022

‘Medusa Deluxe’ Review: One-Shot Hairdressing Murder Mystery Is an Elaborate, Backcombed Tease

August 7, 2022
Introducing Olivia Cinqmars-Viau, Assistant Vice President, Territory Manager, Berkley Asset Protection in Canada

Introducing Olivia Cinqmars-Viau, Assistant Vice President, Territory Manager, Berkley Asset Protection in Canada

January 12, 2023

About

Sepoy.net is a perfect place for people who want daily updates on news related to business, technology, entertainment, health, cryptocurrency etc.

Contact: [email protected]

Major Categories

News

Business

Tech

Economy

 

Recent Posts

  • New ministry building: Minister of Finance Lindner saves on himself
  • 6 Factors To Consider When Selecting A VPN Service
  • High interest rates crater the P&C industry’s investment income

Pages

  • About Us
  • Contact Us
  • Disclaimer
  • DMCA
  • Home
  • Privacy Policy

© 2023 Sepoy.net

No Result
View All Result
  • Home
  • Business
  • News
  • Health
  • Tech
  • Science
  • Lifestyle
  • Travel

© 2023 Sepoy.net