Korean Police Move to Freeze Luna Foundation Guard Assets: Report

• The Seoul Metropolitan Police person asked assorted crypto exchanges to prohibition Luna’s capableness of withdrawing institution funds, the study said. It was not wide which exchanges were asked oregon whether they person complied.

• Terraform Labs mislaid $30 cardinal this period erstwhile Terra’s UST stablecoin and LUNA cryptocurrency went into a decease spiral, costing investors billions globally.

• The associated Luna Foundation Guard was charged with protecting UST’s peg utilizing a warchest of billions of dollars successful bitcoin; it yet failed.

• Terraform Labs CEO Do Kwon is already nether the fiscal crimes microscope and is facing a taxation evasion probe by a constabulary portion known arsenic the “grim reaper.”

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