terra blockchain

Terraform Labs has appointed a new interim CEO, Chris Amani, amid the ongoing legal troubles of its co-founder, Do Kwon. What Happened: Amani, previously the company's COO and CFO, is stepping in to lead the crypto firm during this challenging time, The Wall Street Journal reported....

Terra founder Do Kwon refuted allegations of possessing a counterfeit passport during a court session in Montenegro, claiming that the Costa Rican passport in question was procured via a Singapore agency. In the court, Kwon was quoted as, “We applied for these passports through...

Martin Shkreli, who was sentenced to federal prison in 2018 for securities fraud, has some advice for FTX founder Sam Bankman-Fried on how to survive in the slammer. The notorious 'Pharma Bro,' who earned the moniker when — as Turing Pharmaceuticals CEO — he upped the price...

The collapse of cryptocurrency exchange FTX (CRYPTO: FTT) has not been the biggest concern for investors this year. Recall the de-pegging of Terra’s (CRYPTO: USTC) token and the collapse a few weeks later of Celsius and Three Arrows Capital (3AC) — investors suffered much bigger losses...

Terraform Labs founder Do Kwon has been accused by South Korean prosecutors of allegedly instructing one of his employees to manipulate the price of Luna Classic (CRYPTO: LUNC), formerly Terra (LUNA) token. The prosecutors used messenger interactions between Kwon and his...

JPMorgan Chase & Co. (NYSE: JPM) is deepening its crypto talent bench with a former Celsius Network (CRYPTO: CEL) employee. The New York-based firm hired Aaron Iovine as executive director of digital assets regulatory policy. According to Iovine's LinkedIn profile, he was with Celsius from...

South Korean authorities have apprehended the first suspect in the collapse of the Terra blockchain ecosystem. On Oct. 6, reports of Yoo Mo's arrest as the leader of Terraform Labs' business team surfaced in the Korean media. Later, district prosecutor Choi Sung-kook verified the reports to...

The beleaguered TerraForm Labs CEO Kwon Do-hyung, also known as Do Kwon, denied reports on Wednesday that South Korean prosecutors have frozen Bitcoin (CRYPTO: BTC) assets worth 56.2 billion won ($39.6 million) of Terra Luna Foundation. South Korea's News1 reported that on...

Amid reports that the Luna Foundation Guard [LFG] moved 3,313 Bitcoin (CRYPTO: BTC), worth over $69 million, to two crypto exchanges outside South Korea after an arrest warrant was issued for Do Kwon, the beleaguered Terra blockchain founder on Wednesday claimed he had not used the platforms in...

In a new turn of events surrounding the beleaguered founder of Terra (CRYPTO: LUNA) blockchain Do Kwon, who has a red notice issued against him by Interpol, Luna Foundation Guard [LFG] moved 3,313 Bitcoin (CRYPTO: BTC) totaling more than $69 million to two cryptocurrency exchanges located outside...

Even as Interpol has issued a red notice alert for Do Kwon, founder, and CEO of Terraform Labs that wiped out $40 billion of investors' money, the native asset of the old Terra Chain rose by over 40% on Monday. The move came after Binance announced a system of destroying Luna (CRYPTO...

The South Korean Ministry of Finance has declared that it is seeking to revoke the passports of Do Kwon, a co-founder of Terra blockchain, and five other individuals associated with the beleaguered project, according to a report. Korean news outlet Munhwa Ilbo stated Dan Sung-Han, the director...

Crypto influencer FatManTerra announced they have have conned investors out of over $100,000 in Bitcoin (CRYPTO: BTC) through a bogus investment scheme in a matter of two hours. FatManTerra said the purpose of the bogus investment plan was to experiment and raise awareness in an effort aimed...