$160 million Terra's assets seized

South Korean Authorities Confiscate $160M Worth of Assets from Terra Employees

South Korean authorities have successfully recovered assets worth $160M from 8 employees of Terraform labs including that of the co-founder Daniel Shin. These 8 employees were linked with the collapse of Terraform Labs. The Southern District Prosecutor Office of Seoul has seized the assets. What assets were recovered? On April 3, the authorities reported that…

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Singapore Authority Launched a new Probe Against Terraform Labs

Singapore Authority Launched a new Probe Against Terraform Labs

Singapore’s regulatory authority has launched a fresh probe into Terraform Labs, a blockchain company established by Do Kwon, amid tensions over potential regulatory breaches. The step follows a similar investigation opened by the United States Securities and Exchange Commission (SEC) last year for misleading the public by stating that Terra was decentralized and that TerraUSD…

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