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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Terra co-founder Do Kwon could potentially be rereleased on bail again following a court ruling in Montenegro. According to an official release from the Basic Court, Podgorica, an appeal against an earlier bail agreement by the State
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In March, Kwon, along with former Terra executive Han Chang-joon, were arrested in Montenegro for allegedly attempting to travel with falsified documents. Authorities in South Korea had been searching for Kwon after his multi-billion dollar crypto enterprise collapsed in May last year. Since his arrest, both South Korea and the
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In May 2022, the crypto community was shattered by the crash of the Terra ecosystem. One year after, we are reconstructing the events, from luna’s depeg to Terraform CEO Do Kwon becoming a criminal. Terra and its sibling token LUNA have charted a rollercoaster journey across the crypto universe one year
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied In the updated Q2 plan, the L1JTF team is delaying the release of v2.1.0. The project manager for L1JTF, LuncBurnArmy (LBA), said the original release date of May 31 has been moved to June 14 to
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The High Court decided against the bail approval after it found the Basic Court did not sufficiently assess the the value of the defendant's property, saying the lower court could not accept the value of defendants' property "based on their statements, but only concrete evidence," that was, in this instant,
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The crypto space witnessed an eventful week with several key developments. Authorities in Montenegro agreed to release Kwon Do-Hyung, founder of the failed Terra ecosystem, on bail despite the US and South Korea calling for his extradition. Meanwhile, institutional adoption of cryptocurrencies saw a marked uptick, with more mainstream companies setting
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Terraform Labs founder Do Kwon and his former chief financial officer Han Chong-Joon have been granted bail by a court in Montenegro. According to media reports, the court decided to release Kwon and Han to house arrest under
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Montenegro has granted approval to the bail terms proposed by the lawyers of Terra Luna founder Do Kwon, who was charged with the criminal offense of document forgery under Montenegrin law. According to the official document released by local authorities on May 12, the court has accepted the proposed
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Almost 12 months back, terrausd (UST), an algorithmic stablecoin, suffered a detachment from the U.S. dollar, causing the Terra ecosystem to crumble shortly thereafter. At present, supporters of the Terra Classic blockchain community are deliberating on a plan to revive the ecosystem by re-establishing the once-stable token’s peg with the
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Community members are vying for a new model to improve revenues to sustain the peg, which includes token buybacks and fees paid on peg deviations. Source
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