Wednesday, November 6, 2024
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LUNA token is not a security, rules S.Korean court in Terra co-founder case

A South Korean district court has dismissed charges of security violations against former Terraform Labs CEO and co-founder Hyun-seong Shin. The court deemed LUNA (LUNA) (the native token of the LUNA ecosystem) as non-security under Korea’s Capital Markets Act.The southern district court in Seoul dismissed the prosecution's appeal for confiscating

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Do Kwon converted stolen funds from Luna to Bitcoin: S.Korean prosecutors

South Korean prosecutors have identified 414.5 billion won ($314.2 million) in illicit assets associated with Terraform Labs co-founder Do Kwon and his associates. Out of the $314 million identified illicit assets, prosecutors have linked about 91.4 billion won ($69 million) of the specified amount to Kwon.Although Kwon amassed millions, none

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Terra co-founder in S.Korean crosshairs following Do Kwon arrest

Following Terraform Labs’ co-founder Do Kwon’s arrest in Montenegro while trying to board a plane using fake documents, South Korean authorities have turned up efforts to track down and arrest Shin Hyun-Seong, also known as Daniel Shin — Terra’s other co-founder.Since November 2022, South Korean authorities have suspected the involvement of

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