Terraform Labs Co-founder's Assets Under Siege: South Korean Prosecutors Set to Confiscate $176 Million. Terra LUNA
by regional news outlet Hankyung reveals that South Korean prosecutors have taken action by freezing Kwon’s assets. The report states that Kwon’s assets are valued at approximately 233.3 billion won . The 12th Criminal Division of the Seoul Southern District Court has given the green light for the asset forfeiture to proceed.
Among the mentioned possessions are bank accounts, cryptocurrencies kept on an exchange, and imported automobiles. Kwon additionally possesses a mixed residential and commercial apartment known as the “Galleria Foret,” as well as an officetel in Nonhyeon-dong. As per the court directive, the aforementioned items, along with the shares held with Mirae Asset Securities, won stored in Woori Bank, and unnamed exchange-held cryptocurrencies, are prohibited from being sold.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
U.S. budget surplus declines to $176 billion in AprilThe U.S. budget surplus in April couldn't match the record surplus set in the same month last year.
Read more »
Seoul: The city at the front line of modern culture | CNNSouth Korea's capital is a modern culture powerhouse, driving global trends through its successful K-Pop and K-Drama exports. CNN's Richard Quest meets people helping define Seoul's role as a place where tradition and cutting-edge tech meet.
Read more »
WSJ News Exclusive | Nuveen Buys Giant New York City-Focused Affordable Housing PortfolioNuveen is acquiring a more than 12,000-unit affordable housing portfolio in one of the largest multifamily housing deals this year
Read more »
Warren Buffett dumps $13.3B in stocks — A warning sign for Bitcoin and risk-assets?Warren Buffett has increased Berkshire Hathaway's cash holdings by $2 billion in Q1/2022, suggesting caution against riskier assets.
Read more »
32% of home offices invest in digital assets: Goldman SachsThe proportion of investments in cryptocurrencies among investors interested in digital finance has risen significantly since 2021, from 16% to 26%.
Read more »
What to Expect From House Lawmakers's Hearing on Future of Digital AssetsHouse Financial Services Committee chairman Patrick McHenry (R-NC), along with the House Committee on Agriculture chairman Glenn 'GT' Thompson (R-PA), are holding a joint subcommittee hearing that aims to measure the 'regulatory gaps in the digital asset markets.' CoinDesk's Global Policy and Regulation Managing Editor Nikhilesh De discusses what to expect from the hearing and the timeline for drafting crypto legislation.
Read more »