简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
Abstract:Apart from the depegging of TerraUSD stablecoin, South Korean authorities have been behind the Terraform Labs for tax evasion.
Seoul Southern District Prosecutors Office imposed a travel ban on crucial Terra developers.
As long as the investigation continues, the ban will be in effect.
The newly launched Terra LUNA has met a fate similar to LUNC to some extent.
Terraform Labs Terra will definitely go down in history as one of the biggest blunders in the crypto space. Not only did it bring terrible losses to its investors without being a rug pull, but the company behind it also fell into the crosshair of authorities.
The ongoing investigation against Terraform Labs and its employees pertaining to the collapse of Terra (Now Terra Classic, LUNC) has begun affecting the people that were, in a lot of ways, unaware of the workings of the company.
A former employee/developer recently revealed his plight to the world as the Seoul Southern District Prosecutors Office called for an absolute travel ban on certain employees that were centric on the development of Terra.
The same was also brought to light by a local media outlet, JBTC, which in a report highlighted that the travel ban was placed in order to avoid the possibility of either of the companys employees running away from the country as well as destroying the evidence.
Not only this, the country‘s authorities might even proceed to invalidate the CEO Do Kwon’s passport as they begin investigating him.
While the company deals with this situation, another situation is starting to develop in the crypto market as the newly launched Terra LUNA 2.0 is back to crashing.
Right after the cryptocurrency came into existence, it dipped and fell from the high of $19.53 to $4.05. Today the altcoin is finding buyers and sellers at a meager $2.01. This marks an 89.7% drawdown in the span of just 20 days.
However, the skepticism that came with the arrival of LUNA along with the broader market bearish crash is keeping it rangebound and might take a while to recover from these lows.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
In the world of online trading, a common misconception persists: trading is often seen as no different from gambling. This belief is particularly prevalent among newcomers, who may view the financial markets as a fast-paced game where winning is just a matter of luck. But trading, when done correctly, is far from mere chance!
Saxo Singapore will discontinue SaxoWealthCare and SaxoSelect by December 2024, advising clients to withdraw funds and offering alternative investment options.
Spartan Capital Securities, LLC, a brokerage firm, has agreed to a settlement with the Financial Industry Regulatory Authority (FINRA), which includes a fine of $115,000, a censure, and the requirement to retain an independent consultant.
TradingView adds Irish stocks from Euronext Dublin, broadening access to 30 companies, including Ryanair and Kerry Group.