CandleFocus
Daniel Shin of Terraform Labs Spared from Arrest
2023-03-31
Author: Gabrielle Cook
Daniel Shin, Co-Founder of Terraform Labs, was spared from arrest after a Seoul court refused the warrant on March 30th. This petition arose from allegations of fraud connected to the huge cryptocurrency crash of the TerraUSD and Luna tokens last May. The court decided to reject the request upon examination of the controversy surrounding the charges and Shin’s incapability of evading investigation or destroying evidence—the main reasons for the previous denial in December. The prosecutors in question brought fraud and breach of duty charges alongside regulations on capital markets’ violations against Shin. While he denies these charges, his lawyers appear to implicate that Shin left the Terraform Labs in 2020 to found the Chai company, having nothing to do with its activities since. The Terra blockchain platform founded by Shin and Do Kwon was badly damaged in April of 2020 due to the abrupt unstabilization of their corresponding TerraUSD and Luna stablecoins. With Kwon currently detained for allegedly falsifying records while fleeing the country, the US and South Korean prosecutors claim the TerraUSD and Luna crash has cost investors over $40 billion. It is important to note that the information presented on this article is solely intended to educate and inform readers of the developments within the crypto market, and is not promotional in any form. As always, we advise all investors to use caution and research thoroughly before making investments of any kind.
Related News
Binance Sends TUSD Stablecoin to Unprecedented Success
Bermuda Reaffirms its Love for Crypto
Whale Activity Suggests Market Manipulation or Price Speculation
PureWest Sets the Standard for Tokenization in the Energy Market
Uncofirmed Bitcoin Transaction & Fee Increase
NFA's New Compliance Rules to Combat Digital Asset Fraud
Cardano Foundation CEO Visits London
Trader Joe to Upgrade Liquidity Book For Improved Trades
Taking a Closer Look At Bitcoin's Rise Up To $30,000
Elizabeth Warren's Crypto Coalition: Ripple's General Counsel Warns Politicians
USDC vs. USDT - The Battle for Premier Cryptocurrency
XRP Perpetual Futures Open Interest Skyrocketing
How US Federal Agencies are Tackling Cryptocurrency Crime
BTC Price Analysis - Is a Major Retracement Due Soon?
Bittrex to Discontinue U.S. Platform in April
Did Margin Markets on Bitfinex Contribute to Price Decrease?
1inch Planning Amendment to Governance System
Record Funding for European DeFi Startups in 2022
The Bitcoin Beach Wallet Becomes Blink
Analyzing Possibility of New All-Time Highs for OKB and APT
Market Bullishness & Consolidation of ADA, SHIB & ARB
Ripple XRP Success Boosts Stellar (XLM) Price
Crypto.news and Maxspread Sponsor Dragon Daisy Super League
Kraken Teams Up With Williams Racing For An Unforgettable Crypto Experience
Terraport DEX Now Live and Ready for Token Swaps
NFA Bolsters Compliance Enforcement on Digital Assets Activity
An Analysis of Litecoin (LTC)'s Momentum
Optimism Token Aids Synthetix with Achievements
Crypto Analysts Offer Contrasting Predictions for the Crypto Market
An Emerging Phenomenon in Modern Banking
Reading the Market: Shiba Inu (SHIB) Digital Asset
Using the Bitcoin Yardstick to Understand Bitcoin's Value
TABConf Introduces Open-Source Agenda for 2023 Conference
Tim Draper Is Sure Bitcoin Will Reach $250K
Ripple Vs SEC Lawsuit: What’s the Verdict?
Dogecoin DOGE Profiting Even Without Price Rise
Cryptocurrency Bitcoin (BTC) Momentum Continues
Justin Sun Reenters the Crypto Industry
KSM Experiences Significant Decrease in Market Value
Enhancing Security with Dandelion to Protect Against LinkingLion
Exploring the Controversy Around Rollbit's Statement
Solana (SOL) – Price Analysis?
Positive Technical Indicators For Chainlink (LINK)
XRP Showing Bullish Signs Despite Lawsuit Uncertainty
What is Catalyzing the Bitcoin Rally?
US Government Sells Over 9,861 Bitcoin for $216 Million
Analyzing BTC Trajectory - Will It Reach Resistance 2?
Decentraland Struggles with Declining Price and Fewer Users
Bitcoin Leaves Accumulation Zone on Road to $30,000
Responding to Hindenburg's Allegations, Block Denies Fraudulent Activity
Binance.US Experiences New ATH despite Adversity
Bitcoin Celebrates Highs As Options Volume and Open Interest Heats Up
Analysing Shiba Inu Price in March and April 2023
What Could the Shanghai Upgrade Mean for ETH Staking?
Five Biggest Altcoin Losers in This Week's Market
The Block Enters 2021 with Big Changes
Debate Over Development and Responsible Use of Artificial Intelligence
How Milkomeda Will Benefit the Cardano Network
Crypto XRP Price Prediction to 2030
Smaller Investors Positively Impact Cardano (ADA) Price Rally
Crypto Hacker's Heist: $1.3 Million Stolen
Statistics of NFT Sales in March
Bitcoin Could be Heading Towards Bearish Trend
Crypto Exchange Bitget: A Warning to Be Cautious
Nassim Nicholas Taleb and Jordan Peterson's Bitcoin Debate
Could Alt Season Be Upon Us?
What Does the Drop in Bitcoin Value Signify?
Stellar (XLM) Rebounding with Potential Breakout
Understanding Crypto's Response to University of Michigan's Consumer Sentiment Report
Will Ripple's Victory Spark an Altcoin Season?
OPNX Exchange Platform Launch in April 2021
Mixed Perspectives on Crypto Regulations in China
Refunds of Import Tax in Digital Yuan Pioneering in China
OpenAI's ChatGPT Blocked by Italian Data Protection Agency
Senator Warren's Critics About Her Anti-Crypto Army
US Government Taking Steps in Tackling Banks & AI Regulations
Flybondi & NFT Ticketing Revolutionizing Air Travel
Record-Breaking Growth Seen on Shiba Inu's Layer 2 Network Shibarium
Justin Sun's Investment Strategy To Support Huobi Global
Major Cryptocurrencies Display Varying Degrees of Price Movements
The Battle Against Crypto Regulations in the US
BitMEX Successfully Completes Largest Token Burn Event
Over a Million ARB Tokens Stolen From an Exploiter
US Major Urges Adoption of Bitcoin
Justin Sun Clarifies WTO Ambassadorship Position
FBI Facing Challenge Analyzing Former FTX CEO's Data
Effects of Rate Hikes on Cryptocurrency
Cryptocurrency Gets a Major Boost with PawSwap DEX
Coinbase Supports Polygon zkEVM to Enhance Ethereum Network
XRP's Performance on South Korean Exchanges
Solana Price Analysis Amidst Bearish Market
Crypto Analyst Warns of Possible Cardano Losses
US SEC Obtains Final Judgment Against Crypto Fraudsters
On-Chain Analysis Reveals Increasing 1inch Sentiment
Muneeb Ali Urges Cryptocurrency Community to Fund Political Opponents of Senator Elizabeth Warren
Whale Purchases 100 Billion SHIB, Sparking Interest amongst the SHIB Army
Opposing the Move to Stop ChatGPT Development
Fresh Supply Co's Move to HBAR Network to Revolutionize Asset Tokenization
Crypto Industry Reacts to Elizabeth Warren's Campaign
Get Ready to Track 5 Altcoin Prices in the Crypto Market
Bybit's New Web3 Staking Pool and Events
Plexus and Kava Bringing Cross-Chain Transactions to the DeFi Sector
GoArt and Chainlink VRF: Driving the Growth of NFTs
Deltec International Group & FTX Resolve Assets Linked to $50 Million Promissory Note
Bitcoin Struggles as Options Expire & Bearish Bet on WBTC
Aptos (APT) Launches Testnet in Preparation for Price Increase
Why the Hong Kong Regulatory Commission is Proposing Rule Changes
Understanding the Growing Influence of AI Tech in Crypto
Ethereum-Based Altcoin InSure Increases by 82%
Automating Tax Reporting for Cardano ADA Users with CoinLedger
Rises and Risks: Analyzing the Boom in Prices of Donald Trump’s Trading Cards
Bank of England's CBDC Lead Suggests Coexistence of Different Forms of Money
Bitcoin Records Positive March Transactions
Bitcoin Defying Challenges and on a Three Month Winning Streak
MFS Africa Strengthens Access Bank's Remittance Corridor
Ethereum Whale Makes Massive Purchase of Shiba Inu Tokens
Upbit Holds 59 Million ARB Units Worth Over $82.8 Million
Magnificent Response to Shiba Inu’s Shibarium Network
Investing in Stablecoins - The Advantages
Crypto Market Experiences Volatile Trading Day
Michael Burry: "Buy The Dip" - The Profitable Investing Strategy
Layer-1 Blockchains Lead in Active Developers
DonAlt's Update on BTC Outlook
Licensing Issues Bring Questions for Crypto Casino Rollbit
Ripple’s Disdain for the SEC's Regulation
How To Invest in PolySign Through Linqto
Get an Insight into IOTA's Price Trends and Network Updates
An Analysis of the Theta Coin Price in 2020
ANZ Cuts Cash Payments, Stirring Anxiety
Analyzing Market Sentiment Around ARB
Will the BRICS Alliance Disrupt US Dollar Hegemony?
Ripple Executive Challenges SEC Chair Over Cryptocurrency Regulation
Cryptocurrency Market Takes Dip, Top 200 Coins Grow Bullish
Shiba Inu, IWB and NowPayments Partner to Foster a More Diverse Blockchain Industry
Bitcoin Price Outlook Following CME Futures Contract Expiry
Bitcoin Cash Struggles to Maintain Support
EU Takes Action to Curb Money Laundering & Terrorist Financing
Binance Launches Two New Products for Earning Interest
Complaint Filed Against OpenAI
Daniel Shin Rejects Arrest Warrant for Alleged Fraud
Crypto World in Conflict with Conservative Politicians
Binance Controversy: Investigating Its Implications
Crypto Prices Choppy as Equities Buoyed
DAO Treasuries Surpass $25 Billion
Daniel Shin of Terraform Labs Spared from Arrest
Banking Woes for Cryptocurrency Firms
Binance Enters NFT Market, BNB Price Rises
Ethereum Could Test $2,000 if it Breaks Resistance
Securing Crypto Assets with Innovative Technologies
Dogecoin: Will It Break the Resistance Level?
New Cloud Mining Products from Leading Company
Examining Elizabeth Warren's Anti-Crypto Re-Election Campaign
Bitcoin Price Hit Close to $29k But Bulls Failed
FTX Europe's New Crypto Withdrawal Resource
Chief Market Strategist Predicts Bitcoin Short-term Drop
Peter Schiff Warns of Much Bigger Crisis than 2008
BSC Seeks to Lower Transaction Costs to Become More Competitive
How Fed Rate Hikes Impact the Stock Market
Analyzing Cryptocurrency Investor Outflows Despite Bitcoin's Price Rally
USDC Market Cap Plunges By $10 Billion
Protecting Wealth with Bitcoin in the Face of Inflation
USDC Keeps its Dominance in DeFi Market
Protecting Your Portfolio From Inflation & Interest Rates
Massachusetts Investigates First Republic Bank