The Terraform Labs CEO gives first interview to Coinage, discusses Terra failure
Korean prosecutors have requested a “notification upon arrival” for Do Kwon, who is believed to be in Singapore
Prosecutors want to examine seized materials, question witnesses and determine whether TerraUSD’s crash was intentional
With founder Do Kwon reportedly in Singapore, South Korean prosecutors don’t want any more Terraform Labs employees leaving the country
The latest legal setback for Do Kwon stems from an SEC investigation into TFL’s Mirror Protocol
In Seoul, financial and securities crime investigators have reportedly subpoenaed all employees of Terraform Labs, the crypto startup behind failed algorithmic stablecoin UST
Over 280 million LUNA have been sent to an address which permanently removes it from circulation, a process also known as burning
The latest governance maneuver from Do Kwon is set to pass, with the original chain’s native asset to become “Luna Classic”
Some ecosystem participants have already published proposals on where to go from here
The once booming DeFi ecosystem is in turmoil, with no help in sight from cryptocurrency’s biggest players