Court documents reveal Do Kwon dissolved Terraform Labs Korea days before LUNA crash
A revelatory discovery of legal documents could provide greater context to the catalyst of the infamous LUNA and UST price crash
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A revelatory discovery of legal documents could provide greater context to the catalyst of the infamous LUNA and UST price crash
“It was clear to me, it was clear to many that I know that it was a bad idea,” said Tether and Bitfinex CTO Paolo Ardoino.
Official records show Do Kwon dissolved Terraform Labs Korea, closing down its headquarters and sole branch just days before the collapse of terra crypto (LUNA) and stablecoin terrausd (UST). Do…
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Three members of Terraform Labs’ legal team have left the company, according to their Linkedin profiles that show their departure from the firm this month. The resignation of the company’s…
Many on social media called for legal action against Do Kwon, while others speculated the potential departure of the legal team could have been over concerns about money.
Following the aftermath of Terra’s UST implosion, the blockchain project’s founder Do Kwon has been actively discussing the Terra ecosystem revival plans and one specific proposal will be voted on…
Since last week’s Terra implosion and the demise of the blockchain project’s native token LUNA — and the algorithmic stablecoin terrausd (UST) — crypto tokens based on the Cosmos ecosystem…