Terraform Labs Shut Down Two Office Doors Just Before the LUNA Crash » Crypto Insiders

The story about Terra (LUNA) is getting more and more attractive. Who recently ordered? Information South Korean website DigitalToday states that Terraform Labs Korea has liquidated certain parts of the company. Remarkably, this happened before the complete collapse of the project.

Terraform Labs liquidates business units

The data is said to come from South Korea’s Supreme Court. It appears that Do Kwon and shareholders have decided to liquidate the doors of two industries and an entire company. These parts fall under Terraform Labs Korea.

This will include offices in Busan and Seoul. The decision was actually made on April 30 and implemented on May 4 and 6. Even before the collapse of LUNA and UST.

It is therefore not surprising that the cryptocurrency community was unpleasantly surprised by this news. Of course, it remains to be seen what exactly is going on here and whether this is purely a coincidence. In the end, we don’t have all the information, so it’s too early to draw any conclusions.

The founder of LUNA is in trouble

Fortunately, however, it appears that it will not stop at speculation. One special investigation team In South Korea, called “Grim Reapers of Yeoui-do”, investigate the project. This team has been recreated specifically for this research.

Terraform Labs also received a hefty fine of €74.4 million, or KRW 100 billion. So it’s slowly getting hotter under Do Kwon’s feet.

In the meantime, the Terra community is voting on the recovery plan. The plan is to split the network for a fresh start. Terraform Labs will play a less important role in this new network, with the entire network in the hands of the community. With five days left The proposal appears to have passed.