
South Korea’s Supreme Court Declares TerraUSD and Luna Non-Securities
The verdict sets a key precedent that could influence future legal classifications of virtual assets in South Korea.
1H
0.32%$0.0005
24H
7.57%$0.0117
7D
-0.22%$0.0004
30D
-17.8%$0.0359
The verdict sets a key precedent that could influence future legal classifications of virtual assets in South Korea.
The Government estimates that the number of victims of Kwon’s actions exceeds hundreds of thousands and potentially totals more than one million.
Prosecutors allege that Kwon orchestrated a multibillion-dollar fraud that left investors reeling.
Montenegro’s Justice Minister has approved the extradition of Do Kwon to the United States, marking a significant step in holding the Terraform Labs founder accountable for his crimes.
The shutdown of Terraform Labs sets an important standard for how bankruptcies are handled in the crypto industry, and will likely influence future bankruptcy cases.
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