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DOMAINS TOKEN-G

Ronald Maguire

24 May 2022 296 Read Crypto , Altcoins

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Korean Police Requests Exchanges to Freeze LFG Assets

The Seoul Metropolitan Police Department has filed a request from Korea's five major crypto exchanges to freeze Terra's LFG assets. Police took action as there were suspicious signs of embezzlement in the foundation's funds. Algorithmic stablecoin UST has dropped below $0.10 this month, while the price of LUNA is nearing zero. This sanction of the police force is the last of the reactions against Terra.

Korea Legislature Blames Exchanges

Korean national broadcaster KBS has asked to delist LUNA and UST from Korbit, Gopax, Upbit, Bithumb, and Coinone.

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