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The Seoul Police Department has launched an investigation against one of Terraform Labs’ employees. According to the Financial Times, the agency is checking information about potential embezzlement of company funds. South Korean
South Korean authorities will create an ad hoc Digital Assets Committee after the collapse of the Terra ecosystem. This is reported by local media. According to the publication, the new structure will
South Korean authorities have initiated an audit of Terraform Labs employees as part of an investigation into the ecosystem’s collapse. This was reported by local news agency JTBC. According to media reports,
On Tuesday, May 24, financial regulators held an emergency meeting in the South Korean National Assembly about the potential impact of Terra’s collapse. This is reported by local media citing department statements.
Streamy, the operator of South Korean crypto exchange Gopax, has announced the closing of its 30 billion won (~$23.7 million) Series B funding round, Digital Today reported. Funding was provided by both
LKB & Partners, one of South Korea’s leading law firms, is preparing to file a lawsuit against Terraform Labs CEO Do Kwon. This was reported by local media citing a company statement.
Yun Chang-hyun, spokesperson for the South Korean People’s Power Party, has called for parliamentary sessions on the recent collapse of the Terra ecosystem. This is reported by local media. According to him,
Yun Seok-yeol, who was elected President of South Korea in March, plans to insist on deferring the taxation of cryptocurrencies until the country develops common regulatory rules. He writes about Cointelegraph. According
