Terraform Labs contended that the sale of UST to retail investors did not involve any contractual obligations.
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Latest news about Do Kwon
Do Kwon latest news, image, analysis about Do Kwon Terraform Labs contended that the sale of UST to retail investors did not involve any contractual obligations.
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In addition, the court has mandated the seizure of two Costa Rican passports, two Belgian passports, and two identity cards owned by Kwon and Han Chang-Joon, an executive at Terra.
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If you squint your eyes, you might notice similarities between Do Kwon's bitcoin purchases during Terra/Luna's peak periods.
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According to CoinDesk's Emily Parker, there are indications of advancement in Do Kwon's home country despite the ongoing impact of Terra's downfall.
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South Korea seeks extradition of Terraform Labs CEO following his arrest in Montenegro.
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In a series of Tweets in response to accusations that he left Singapore after an arrest warrant was issued on Wednesday, Kwon remained mum regarding his location.
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A warrant to arrest Kwon and five other people who are currently in Singapore was issued by a court in Seoul, South Korea.
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Bitfinex and Tether's attorneys also want the law firm to return or destroy all defendant-issued documents and confirm that they have not been disseminated.
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DeFi was discussed at a number of seminars in Seoul, but the $40 billion failure of a significant Korean project was not one of the topics.
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According to Alex Fowler and Patrick Murck of Transparent Systems, the issuers of stablecoins like Tether and USDC constitute a new rentier class that is sapping value from the DeFi system.
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DISCLAIMER
The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of CoinCryptoUs. Every investment and trading move involves risk. You should conduct your own research when making a decision.
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