Kwon Do-Hyun, better known as Do Kwon, is the South Korean co-founder and CEO of Singapore-based Terraform Labs, the parent company of the collapsed stablecoin TerraUSD and cryptocurrency Luna.
TFL’s Terra developers fail in court to avoid an SEC lawsuit. The US authority accuses the South Korean company of having committed fraud and selling illegal securities. With founder Do Kwon threatened to be extradited to the US, the lawsuit could end drastically. A fresh verdict in the XRP and Ripple case offered new fuel. Defense lawsuit fails…
Due to the crash of the Terra smart contract platform, the Luna Foundation Guard also came under criticism. The organization arose to improve the stability of the cryptocurrency . Now allegations are being made again. Accordingly, the LFG is hiding a BTC reserve worth 133 million US dollars. Luna Foundation Guard bitcoin reserve From a peak of around 80,000 Bitcoin, the Luna Foundation Guard…