On Saturday afternoon, Kwon tweeted, “I’m not a ‘runaway’ or anything similar – for any government agency that has expressed an interest in reaching out, we are in full cooperation and have nothing to hide. We are in the process of defending ourselves in multiple jurisdictions – we’ve put We hold ourselves to a very high level of integrity, and we look forward to clarifying the truth over the next few months.โ
We’re on our way to defending ourselves in multiple jurisdictions – we’ve held ourselves to a very high standard of integrity, and we look forward to getting the truth clear over the next few months.
Kwon is accused of violating capital markets rules in South Korea, and also faces legal challenges in multiple jurisdictions.
The Collapse of the Terra ecosystem (both LUNA and the algorithmic stablecoin UST) caused a massive cryptocurrency selloff, sending bitcoin and other cryptocurrencies down. Four months later, the market is still stuck in crypto cold winter.
Terraโs collapse also led to the notable collapse of cryptocurrency lenders Celsius And the Voyageras well as a hedge fund Three equity sharesimpose more scrutiny on investing in cryptocurrencies and stablecoins from regulators; The Securities and Exchange Commission is It is said that the investigation Whether Kwon’s Terraform Labs violated federal investor protection rules the way it markets floor tanks.
Stay up to date with cryptocurrency news, and get daily updates in your inbox.
More Stories
Bitcoin Fees Near Yearly Low as Bitcoin Price Hits $70K
Court ruling worries developers eyeing older Florida condos: NPR
Why Ethereum and BNB Are Ready to Recover as Bullish Rallies Surge