Terra Classic

“SEC and South Korea Investigate Terraform Labs and Chai Corp for Alleged $40B Loss; Do Kwon Faces Legal Challenges. Terraform Labs Cooperates, Providing Defense Evidence.”<img src="https://academy-public.coinmarketcap.com/optimized-uploads/8ba1f244bc0c48bd8e7d9f5584d11ebd.gif" />Ad. Participate in Trigoz Airdrop &amp; Get $50 worth of OZ Tokens Free <a href="https://t.me/trigOz_Airdrop_Bot" rel="noopener noreferrer nofollow">Join Now</a>The US SEC is teaming up with South Korean regulators to investigate Terraform Labs, a company in the cryptocurrency world. They’re looking into allegations against <a href="https://cryptosheadlines.com/sec-wants-to-question-terraform-labs-co-founder-daniel-shin-in-korea/" rel="noopener noreferrer nofollow">Terraform Labs’ co-founder</a>, Daniel Shin, and the payments company Chai Corp. They’re trying to find evidence about a <a href="https://cryptosheadlines.com/big-investor-snaps-up-66-billion-pepe-tokens-in-a-remarkable-3-day-spree/" rel="noopener noreferrer nofollow">big $40 billion</a> cryptocurrency loss and the involvement of Do Kwon, a former leader of Terraform Labs.<blockquote>A judge is helping with this investigation by using an old agreement that allows them to collect evidence from different countries. Do Kwon is facing legal problems not only in the US but also in South Korea, where he’s detained for passport-related issues. Terraform Labs is helping the SEC by giving them the evidence they need, even though they deny any wrongdoing.</blockquote>Terraform Labs and Chai Corp have a history together since they were both started by Kwon and Shin. This makes the situation more complicated. <a href="https://cryptosheadlines.com/us-sec-and-south-korea-collaborate-on-terraform-labs-investigation/" rel="noopener noreferrer nofollow">Read More...</a>

US SEC and South Korea Collaborate on Terraform Labs Investigation

CryptosHeadlines.com

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