news4global
  • Home
  • Bitcoin
  • Blockchain
  • Business
  • Latest news
  • Market
  • Regulation
  • VideosHot
    Luna coin news today tamil | New Token Coming | Luna Classic | Luna coin tamil | Luna coin latest

    Luna coin news today tamil | New Token Coming | Luna Classic | Luna coin tamil | Luna coin latest

    Ripple XRP Price News Today Technical Analysis – Ripple XRP Price Now! Elliott Wave Analysis!

    Ripple XRP Price News Today Technical Analysis – Ripple XRP Price Now! Elliott Wave Analysis!

    🚨 Crypto Big Crash ? | Top Altcoin to buy Now | Crypto News Today | Bitcoin News | Luna Coin News

    🚨 Crypto Big Crash ? | Top Altcoin to buy Now | Crypto News Today | Bitcoin News | Luna Coin News

    How Terra Luna Changed EVERYTHING in Crypto (#1 Takeaway)

    How Terra Luna Changed EVERYTHING in Crypto (#1 Takeaway)

    Something MASSIVE coming for Bitcoin! – Cryptocurrency News Today

    Something MASSIVE coming for Bitcoin! – Cryptocurrency News Today

    VeChain (VET) Price News Today – Technical Analysis Update, Price Now! Elliott Wave Analysis!

    VeChain (VET) Price News Today – Technical Analysis Update, Price Now! Elliott Wave Analysis!

    15/05/2022| Cryptocurrency Tamil news today | Shiba inu coin news | luna crypto news | Bitcoin Tamil

    15/05/2022| Cryptocurrency Tamil news today | Shiba inu coin news | luna crypto news | Bitcoin Tamil

    15 May 2022 बड़ी ख़बर 🚨 Luna Crypto News Today | Why Crypto Market Going Down Today

    15 May 2022 बड़ी ख़बर 🚨 Luna Crypto News Today | Why Crypto Market Going Down Today

    Crypto news today | Shiba inu coin news today | Crypto market crash today | luna crypto coin news

    Crypto news today | Shiba inu coin news today | Crypto market crash today | luna crypto coin news

No Result
View All Result
  • Home
  • Bitcoin
  • Blockchain
  • Business
  • Latest news
  • Market
  • Regulation
  • VideosHot
    Luna coin news today tamil | New Token Coming | Luna Classic | Luna coin tamil | Luna coin latest

    Luna coin news today tamil | New Token Coming | Luna Classic | Luna coin tamil | Luna coin latest

    Ripple XRP Price News Today Technical Analysis – Ripple XRP Price Now! Elliott Wave Analysis!

    Ripple XRP Price News Today Technical Analysis – Ripple XRP Price Now! Elliott Wave Analysis!

    🚨 Crypto Big Crash ? | Top Altcoin to buy Now | Crypto News Today | Bitcoin News | Luna Coin News

    🚨 Crypto Big Crash ? | Top Altcoin to buy Now | Crypto News Today | Bitcoin News | Luna Coin News

    How Terra Luna Changed EVERYTHING in Crypto (#1 Takeaway)

    How Terra Luna Changed EVERYTHING in Crypto (#1 Takeaway)

    Something MASSIVE coming for Bitcoin! – Cryptocurrency News Today

    Something MASSIVE coming for Bitcoin! – Cryptocurrency News Today

    VeChain (VET) Price News Today – Technical Analysis Update, Price Now! Elliott Wave Analysis!

    VeChain (VET) Price News Today – Technical Analysis Update, Price Now! Elliott Wave Analysis!

    15/05/2022| Cryptocurrency Tamil news today | Shiba inu coin news | luna crypto news | Bitcoin Tamil

    15/05/2022| Cryptocurrency Tamil news today | Shiba inu coin news | luna crypto news | Bitcoin Tamil

    15 May 2022 बड़ी ख़बर 🚨 Luna Crypto News Today | Why Crypto Market Going Down Today

    15 May 2022 बड़ी ख़बर 🚨 Luna Crypto News Today | Why Crypto Market Going Down Today

    Crypto news today | Shiba inu coin news today | Crypto market crash today | luna crypto coin news

    Crypto news today | Shiba inu coin news today | Crypto market crash today | luna crypto coin news

No Result
View All Result
news4global
No Result
View All Result
Home Bitcoin

Korea Prosecutors Issue Departure Ban on Terra Main Designers By CoinQuora

June 20, 2022
Reading Time: 2 mins read
0
US energy company opens crypto mining facility in Middle East to use stranded natural gas By Cointelegraph
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Related articles

Record Energy Consumption And Power Demand Across The U.S. — The Surprise Fallout Of Heatwaves, Wildfires, And Bitcoin?

Record Energy Consumption And Power Demand Across The U.S. — The Surprise Fallout Of Heatwaves, Wildfires, And Bitcoin?

June 29, 2022
A Bitcoin Trader? Check Out The Crypto News And Predictions 2022

A Bitcoin Trader? Check Out The Crypto News And Predictions 2022

June 28, 2022

Korea Prosecutors Issue Departure Ban on Terra Main Designers
  • South Korea’s Joint Financial and Securities Crime Investigation have imposed a departure ban on a designer.
  • The prosecution’s investigation into the Luna-Tera crisis is on the rise.
  • CEO Kwon is claimed to have secretly taken a coin and sold it to institutions to raise a huge amount of money.

According to a South Korean TBC coverage on June 20, the Joint Financial and Securities Crime Investigation Team (Collaborative Team) of the Seoul Southern District Prosecutor’s Office issued a departure ban on “Mr. A,” one of the key designers of Terra’s mainnet project.

Mr. A claimed that Terraform Labs CEO Dohyeong Kwon, commonly referred to as Do Kwon, “made enough money to buy an island” in an interview with JTBC. Whether or not the cash was used to artificially boost the coin’s price is a point of interest for the prosecution.

Kwon was also accused of cashing out $2.7 billion before the Terra crash, which the crypto developer denied.

As a result, the prosecution’s withdrawal appears to be an attempt to prevent these important individuals from fleeing abroad to avoid further investigation.

The prospect of a forced investigation, including a search and seizure and “summoning by lines” of officials, is raised as a result of such measures to prevent departure.

The prosecution is presently working with Terra officials to plan the investigation’s schedule. “It isn’t possible to determine whether the departure ban is connected to the secrecy of the inquiry,” a representative from the Ministry of Justice said.

It’s also rumored that the prosecution is currently conducting a legal review to see if it’s possible to charge Kwon and others with fraud and violation of the Similar Receiving Act.

However, since Kwon is still in Singapore for an extended period, he must first take steps such as invalidating his passport to begin a legal inquiry. Given this, it is expected that the regulatory investigation of key management, particularly CEO Kwon, will take some time.

The US Second Circuit has recently ordered Terraform Labs to cooperate with subpoenas on the ongoing investigation of the Terra crash.

Continue reading on CoinQuora

Share76Tweet47

Related Posts

Record Energy Consumption And Power Demand Across The U.S. — The Surprise Fallout Of Heatwaves, Wildfires, And Bitcoin?

Record Energy Consumption And Power Demand Across The U.S. — The Surprise Fallout Of Heatwaves, Wildfires, And Bitcoin?

by admin
June 29, 2022
0

Heat waves are reportedly among the deadliest types of weather emergency in the U.S., also said to be growing in...

A Bitcoin Trader? Check Out The Crypto News And Predictions 2022

A Bitcoin Trader? Check Out The Crypto News And Predictions 2022

by admin
June 28, 2022
0

Investment in Cryptocurrencies is a scorching topic nowadays, and there are certain news and predictions for 2022 that all investors...

Grayscale Partners With Jane Street, Virtu Financial For Pending Spot Bitcoin ETF

Grayscale Partners With Jane Street, Virtu Financial For Pending Spot Bitcoin ETF

by admin
June 27, 2022
0

Grayscale has signed on two leading market makers to serve as authorized participants in its upcoming spot bitcoin ETF, pending...

Why Investors Should Consider Decentraland (MANA), The Sandbox (SAND), And Mushe (XMU) By DailyCoin

Why Investors Should Consider Decentraland (MANA), The Sandbox (SAND), And Mushe (XMU) By DailyCoin

by admin
June 27, 2022
0

Metaverse Frenzy: Why Investors Should Consider Decentraland (MANA), The Sandbox (SAND), And Mushe (XMU) The mass adoption of cryptocurrency and...

Can you earn passive income running a Lightning node? By Cointelegraph

Can you earn passive income running a Lightning node? By Cointelegraph

by admin
June 27, 2022
0

Can you earn passive income running a Lightning node? Routing fees, channels being fraudulently closed, the exposure of nodes to...

Load More
  • Trending
  • Comments
  • Latest

Bitcoin Is ‘Definitely Not a Fraud,’ CEO of Mobile-Only Bank Revolut Says

March 2, 2022

Bitcoin’s Main Rival Ethereum Hits A Fresh Record High: $425.55

March 3, 2022
How online shopping has changed over the last 30 years | National

How online shopping has changed over the last 30 years | National

April 6, 2022

India: Bitcoin Prices Drop As Media Misinterprets Gov’s Regulation Speech

March 4, 2022

US Commodities Regulator Beefs Up Bitcoin Futures Review

0

Bitcoin Hits 2018 Low as Concerns Mount on Regulation, Viability

0

India: Bitcoin Prices Drop As Media Misinterprets Gov’s Regulation Speech

0

Bitcoin’s Main Rival Ethereum Hits A Fresh Record High: $425.55

0

FTX’s Bankman-Fried Hints Some Crypto Exchanges ‘Secretly Insolvent’ | News

June 29, 2022
Crypto Crash Widens Divide Between Rich and Amateur Traders

Crypto Crash Widens Divide Between Rich and Amateur Traders

June 29, 2022
Michael Saylor Announces 480 Bitcoin Buy For MicroStrategy

Michael Saylor Announces 480 Bitcoin Buy For MicroStrategy

June 29, 2022
Crypto crash threatens North Korea’s stolen funds as it ramps up weapons tests

Crypto crash threatens North Korea’s stolen funds as it ramps up weapons tests

June 29, 2022

Latest News

FTX’s Bankman-Fried Hints Some Crypto Exchanges ‘Secretly Insolvent’ | News

June 29, 2022
Crypto Crash Widens Divide Between Rich and Amateur Traders

Crypto Crash Widens Divide Between Rich and Amateur Traders

June 29, 2022

Categories

Site Navigation

  • Home
  • About us
  • Contact us
  • Privacy policy
  • Terms and services
  • Home
  • About us
  • Contact us
  • Privacy policy
  • Terms and services

© 2022 Designed by news4global

No Result
View All Result
  • Home
  • Bitcoin
  • Blockchain
  • Business
  • Latest news
  • Market
  • Regulation
  • Videos

© 2022 Designed by news4global