{"id":982,"date":"2022-05-24T04:49:30","date_gmt":"2022-05-24T04:49:30","guid":{"rendered":"https:\/\/digitalcoinprice.com\/blog\/?p=982"},"modified":"2023-03-30T06:36:22","modified_gmt":"2023-03-30T06:36:22","slug":"terraform-labs-korea-was-dissolved","status":"publish","type":"post","link":"https:\/\/digitalcoinprice.com\/blog\/terraform-labs-korea-was-dissolved","title":{"rendered":"Terraform Labs Korea was dissolved by Do Kwon just days before the LUNA crash, according to court documents"},"content":{"rendered":"

There could be a new context provided by legal documents found in connection with the infamous <\/span>Terra (LUNA)<\/b><\/a> and <\/span>TerraUSD (UST<\/b><\/a>)<\/b> price crash.<\/span><\/p>\n

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Also read: <\/span>Will Terra (LUNA) and TerraUSD (UST) recover again after getting dumped almost 100%? Experts Say<\/b><\/a><\/p>\n

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Before the multi-currency crash, legal documents reveal that two South Korean offices were liquidated, and Terraform Labs Korea Corporation was dissolved. Many people consider <\/span>Terra (LUNA)<\/b> <\/a>the Lehman Brothers of crypto.<\/span><\/p>\n

Digital Today in South Korea reported on Terra’s story first. Do Kwon successfully liquidated two branches and an entire company, according to information gathered from the country’s Supreme Court Registry Office.<\/span><\/p>\n

Information first reported by South Korean news outlet Digital Today highlights that Do Kwon was successful in liquidating two branches and an entire company with the help of the Supreme Court Registry Office.<\/span><\/p>\n

During the general shareholders meeting on April 30, it was decided that both the Busan HQ and the Seoul offices would be dissolved, respectively, on May 4 and May 6.<\/span><\/p>\n

Crypto community members are concerned about the timing of these significant decisions as they are likely to be related to the events causing the financial collapse of the Terra coin and UST stable coin on May 10 in the early morning hours.<\/span><\/p>\n

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Also read: <\/span>3 Reasons Behind The Crypto Market Crash \u2013 and Experts Forecast More Pain Ahead<\/b><\/a><\/p>\n

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Following the second amendment of Proposal 1623, Terra is currently developing a revival plan. According to the proposal, three changes will be made to the current system:<\/span><\/p>\n