A spokesperson for Terraform Labs alleged prosecutors expanded the definition of a security in response to public pressure for issuing an arrest warrant for co-founder Do Kwon.
) blockchain said South Korea’s case against its co-founder Do Kwon has become political, alleging prosecutors expanded the definition of a security in response to public pressure.
“We believe that this case has become highly politicized, and that the actions of the Korean prosecutors demonstrate unfairness and a failure to uphold basic rights guaranteed under Korean law,” a Terraform Labs spokesmanon Sept. 14 for violations of the countries capital markets laws, but Terraform Labs laid out a defense arguing Terra ) isn’t legally a security, meaning it isn’t covered by capital markets laws.
The spokesman alleged prosecutors of expanding the definition of a security due to intense public pressure from the
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Terraform Labs Calls S. Korean Authorities’ Arrest Warrant for Do Kwon Overreach: ReportTerraform Labs says South Korean prosecutors have overextended their authority in seeking a warrant for the arrest of CEO Do Kwon, according to the Wall Street Journal. By NelWang
Read more »
S. Korean Crypto Project Klaytn Will Offer Gas Fee Rebates to Gaming FirmsSouth Korean crypto project klaytn_official would provide rebates on gas fee payments made by gaming companies building on its network, it said during the Token 2049 conference in Singapore. By shauryamalwa
Read more »
S. Korean Authorities Look to Freeze $67M Bitcoin Tied to Terra's Do KwonUPDATE: Terra's Do Kwon denied any allegations of cashing out, while KuCoin said it is co-operating with the authorities. By iamsandali and shauryamalwa
Read more »
VP Harris to visit DMZ after North Korean missile testsU.S. Vice President Kamala Harris is capping her four-day trip to Asia with a stop at the heavily fortified Demilitarized Zone dividing the Korean Peninsula as she tries to demonstrate the U.S. commitment to the security of its Asian allies. The visit on Thursday comes on the heels of North Korea’s latest missile launches and amid fears that it may conduct a nuclear test. Visiting the DMZ has become something of a ritual for American leaders hoping to show their resolve to stand firm against aggression.
Read more »