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Regulators around the world have been seeking the arrest of Terra founder Do Kwon. A host of cases have been filed against the executive allegedly blaming him for the wipeout of LUNA and UST—two cryptos belonging to the Terra ecosystem. Towards the end of September, the International Criminal Police Organization [Interpol] issued a Red Notice against the Terra founder.  Korean officials have also accused Kwon and five others of crimes including breaches of capital-markets law. Alongside, prosecutors also confirmed recently that there was “circumstantial evidence of escape” pertaining to Kwon. Read More – Interpol Issues Worldwide Arrest Warrant For Terra founder Do Kwon Do Kown’s assets, including Bitcoin, reportedly frozen Now, according to reports, South Korean prosecutors have frozen roughly $40 million worth of crypto assets, including Bitcoin, owned by the Terra executive. Per a local media report, According to the legal community o...

US Judge Decision To Dismiss SEC Lawsuit Against Terra Do Kwon In July Terra form Labs and co-founder Do Kwon ’s lawyers and the US SEC lawyers filed responses to the motion to dismiss the lawsuit in the US District Court for the Southern District of New York on June 15. advertisement Dentons lawyers, representing Terraform Labs and co-founder Do Kwon, strongly claim algorithmic stablecoin UST (now USTC) is not a security as it was designed for practical purposes rather than an investment contract. They filed additional documents to support the motion to dismiss a lawsuit. It includes the US House Financial Services Committee hearing on digital asset regulation and stablecoin issuance, the SEC request for a restraining order against Binance.US, and Hinman emails in the SEC v. Ripple lawsuit. Lawyers mention “regulatory gap” in whether crypto assets constitute securities as the US Congress discusses regulatory frameworks for the digital...