South Korean and US authorities discuss investigations into Terra
Countries are concurrently investigating Terraform Labs’ activities for fraud and trading in unregistered securities
11.07.2022 - 13:10
484
1 min
0
What’s new? South Korean Justice Minister Han Dong-hoon met with US investigators regarding the countries’ separate investigations into Terraform Labs (TFL) and its head Do Kwon. Han also met with representatives from the FBI during his visit to the States, at which the officials agreed to strengthen cooperation in the fight against transnational crimes, such as cybercrime involving cryptocurrencies or ransomware.
Terra situation. In late May, the South Korean Prosecutor’s office launched an investigation against TFL employees on suspicion that they knew about Terra’s possible collapse. Key developers were later banned from leaving the country. Also, the local tax service reported that TFL was laundering money through a shell company.
In June, the US Securities and Exchange Commission (SEC) launched an investigation into Do Kwon. He is suspected of involvement in the organization of trade in unregistered securities through the Mirror protocol, created on the Terra blockchain.
For more details on the lawsuits against Terra, see the GetBlock Magazine editorial’s feature.
Useful material?
Telegram 
Twitter Market
According to the founder of TRON, the leading US crypto exchange asked for several hundred million dollars for the listing of TRX
Nov 4, 2024
Incidents
The company conducted fictitious trading for six years to inflate the trading volume of tokens of several companies, receiving payment for these services
Nov 1, 2024
Market
1,5 million addresses have already left applications
Oct 31, 2024
Business
The company began investing in bitcoin in 2020, and since then, the value of its securities has risen by 1700%
Oct 30, 2024
Mining
The Deputy Energy Minister explained that in deficit regions, it is impossible to allocate large capacities for industry enterprises until 2030
Oct 30, 2024
Market
Customers will also be able to withdraw funds to bank accounts using cards
Oct 30, 2024
Cryptocurrency rates
-
Bitcoin
$69 902
BTC
+2.85%
-
Ethereum
$2 440.57
ETH
+1.57%
-
BNB Smart Chain
$579.4
BSC
+1.23%
-
Ripple
$0.516348
XRP
+2.58%
-
Dogecoin
$0.172272
DOGE
+5.79%
-
Cardano
$0.335261
ADA
+2.36%
-
Bitcoin Cash
$344.96
BCH
+4.44%
-
Polkadot
$3.88
DOT
+3.17%
-
Litecoin
$65.78
LTC
-0.06%
-
Stellar XLM
$0.094191
XLM
+3.28%