December 6, 2022

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Terra ontvangt flinke boete, speciaal team doet onderzoek naar LUNA

Terra Receives Hefty Fine, Special Team Investigating LUNA » Crypto Insiders

Legal issues are mounting rapidly for the company and founder behind the recently collapsed Terra Network, LUNA and UST rates.

Tira receives a large fine from the tax authorities

Terraform Labs, the Terra company founded by Do Kwon, was fined a whopping KRW 100 billion, or about $78.3 million or 74.5 million euros. South Korean no news On May 18.

The National Tax Service, South Korea’s tax authority, has fined Terraform Labs and its founder for tax evasion.

The report states that Do Kwon was not happy with .’s tax rules Cryptocurrency in South Korea. According to the publication, he was going to try to liquidate all the local businesses in the country before LUNA and UST prices collapsed completely.

Apparently, South Korean tax authorities have been scrutinizing Terraform Labs for suspected tax evasion since last June. The tax authorities opened an investigation after the company sent LUNA from Terra Singapore to the Luna Foundation Group to evade taxes.

Terraform Labs is registered in Singapore and the Caribbean Virgin Islands, but operates in South Korea. The publication reports that, according to the tax code, it calculates not the place of registration of the company, but the place where it operates.

A special investigation team returns after 2.5 years for LUNA

Meanwhile, the South Korean government has brought back the so-called “Ui Do’s Harvest of Souls”. This special investigation team, made up of several financial regulators, will investigate the LUNA & UST incidents.

This is the first study the team has treated in 2.5 years. The infamous research group was disbanded by the former president and is now back. Between 2013 and 2020, the team’s investigations led to as many as 346 arrests and 965 convictions.

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Yesterday it was reported by Crypto Insiders that Terraform Laboratories’ legal team has resigned† A day before it came out South Korean regulators conduct ’emergency inspection’ for the accident. Earlier this week it turned out that the investor Complaint against Do Kwon† even American Securities and Exchange Commission (SEC) It is said that he is already achieving.