Join the larget crypto conference of 2022 in Bitcoin
Bitcoin
$ 39,046

Korean Investigators raid Home of Terra blockchain founder

0
(0)
Korean Investigators raid Home of Terra blockchain founder 4

The investigation agency from South Korea raided the home of Terraform Labs co-founder Daniel Shin.

Terraform labs is a blockchain & Crypto developer team, founded by Daniel Shin & Do Kwon. In May of this year, Terra blockchain, a crypto project created by Terraform lab, collapsed under the extreme volatility situation. In the collapse of the Terra ecosystem, both of its native tokens (Luna & Stablecoin UST) collapsed to almost zero value. Many people reported against Terraform Labs & its founders, the majority of the people claimed that it all happened because of the mismanagement & financial crime by the backend leaders of the Terra project.

According to reports, South Korea’s Southern District Prosecutors raided Terraform Labs co-founder Daniel Shin’s home including his Chai Corporation payment firm, which processes over $6 billion for over 2200 Asian merchants. 

Reportedly, a spokesperson from the prosecutor’s office said that the raid considered all those things under its investigation, which are associated with the Terraform Labs founder. The raid officially occurred on 20 July.

Crypto Investors against Terra (Luna) project team 

In May 2022, a total of 81 cases were filed against Terraform Labs and its founder. The majority of the plaintiffs claimed that the Terra project team did something suspicious to make money and that resulted in the downfall of the project’s coins. 

Almost every crypto Investor is thinking that legal cases against TerraForm Labs may result in some significant steps by the project team to bring the compensation plans against the losses.  

On 9 June, Shin shared his point of view against such allegations, during an interview with Financial Times. He said that he and Do Kwon never did any kind of illegal activities and also they were not aware of the possible risks associated with Terra’s interlinked protocol, which was pegging UST stablecoin by using the liquidity of Luna token trade volume. 

After the collapse of Luna coin & UST stablecoin, Terraform Labs launched New Luna coin without any stablecoin. New Luna coin is not getting trust in this situation, like old Luna ( which is now LUNC coin). 

Read also: Governance attack on Audius, lost $6M

Korean Investigators raid Home of Terra blockchain founder

 

https://bitcoinik.com/korean-investigators-raid-home-of-terra-blockchain-founder/feed/

https://bitcoinik.com/korean-investigators-raid-home-of-terra-blockchain-founder/feed/

 

 

 

 

 

Ads by Cryptonews24

 

ETH-ERC20 Mining and Financial Management

ETH-ERC20 Mining and Financial Management

✅ Minimum Investment: 10 USDT.
✅ Minimum withdrawal: 1 USDT.
✅ Withdrawal time: 24h.
✅ Withdrawal day: Everyday.
✅ 5% cashback on first investment.
✅ daily profit 6-11.5% on your investment (Profit will be added every hour in your wallet).
✅ Get up to 10% referral Bonus.

The output of liquid mining is not constant and may be affected by the liquidity of the blockchain. The expected daily production income:

✅ VIP1: DEPOSIT 50~10000 USDT GET 2% EVERYDAY

✅ VIP2: DEPOSIT 10001~50000 USDT GET 2.5% EVERYDAY

✅ VIP3: DEPOSIT 50001~100000 USDT GET 3% EVERYDAY

✅ VIP4: DEPOSIT 100001~200000 USDT GET 4% EVERYDAY

✅ VIP5: DEPOSIT 200001~500000 USDT GET 5% EVERYDAY

✅ VIP6: DEPOSIT 500001~1000000 USDT GET 7% EVERYDAY

✅ VIP7: DEPOSIT OVER 1000001 USDT GET 8% EVERYDAY

 

📌 You must open wallet  (Metamask, Tronlink e.t.c. ) and connect it,  for earning income

▬▬▬▬▬▬▬▬▬▬▬▬▬▬

𝙍𝙀𝙂𝙄𝙎𝙏𝙍𝘼𝙏𝙄𝙊𝙉 𝙇𝙄𝙉𝙆👇🏽
https://eth-trc20.org/h5/#/?p=16327

 

ETH-ERC20 Mining and Financial Management

▬▬▬▬▬▬▬▬▬▬▬▬▬▬

👇👇👇👇👇👇👇👇👇👇
Support Telegram Group: https://t.me/+TjCkS2KwKfQwZjM0

—————————————————————————————————————————————-

Ads by Cryptonews24

 

 

 

Risk Reminder:
Trading foreign exchange and/or contracts for differences on margin carries a high level of risk and may not be suitable for all investors.
The possibility exists that you could sustain a loss in excess of your deposited funds.
Before deciding to trade the products reviewed by Cryptonews24.eu, you should carefully consider your objectives, financial situation, needs and level of experience.
You should be aware of all the risks associated with trading on margin.
Cryptonews24.eu provides general news and advice that does not consider your objectives, financial situation or needs.
The content of this website must not be construed as personal advice.
Cryptonews24.eu recommends you seek advice from a separate financial advisor.
Nothing on this website should be considered financial advice.
This website is for informational purposes only and you should not rely on anything that is printed or said on this website to make any financial decisions.

 

How useful was this post?

Click on a star to rate it!

Average rating 0 / 5. Vote count: 0

No votes so far! Be the first to rate this post.

TELEGRAM
Cryptonews24 Channel Chat