Malaysian regional authorities have announced that they are now investigating problems related to du Quan's Terraform laboratory.
According to Bloomberg News, Malaysian police sent an email on March 6, in which it wrote: "the investigation into the Terraform Labs is now under way." The email added that the investigation is ongoing and du Quan is not in the city at this stage.
Last month, on Feb. 16, the Securities and Exchange Commission (SEC) sued Kwon and Terraform Labs for fraud in a new lawsuit.
Some voices in the login password field denounced the lawsuit as a way for SEC to verify smoothness in subsequent lawsuits. Industry experts even say that SEC is "crazy" about assets.
In addition, the SEC investigation found that Prime Minister Power removed about 10000BTC from the Terra platform and Luna basic Guard, and then converted it into a legal BTC. The SEC alleges that since the site's initial collapse, Mr Quan has laundered money worth more than $100m in BTC.
At the time of writing, Quan Xiangquan did not release all the comments. The founder of Terraform Labs has been active on social platforms during all the scandals. However, he has not posted an article since the beginning of February.
Related to:Gamo Gensler's Securities and Exchange Commission has played a game, but it's not what you think.
The root cause of all the classic legends can be traced back to May 2022, when Tara chose to abandon its currency peg against the dollar (UST). Then the collapse in the Terra ecosystem led to a major implosion in the digital money sales market, resulting in nearly $40 billion in damage.
The TerraForm laboratory was also investigated by the South Korean authorities, who issued an arrest warrant for Prime Minister Kwon. South Korean police went to Portugal to diligently search for prime minister power.
On Feb. 15, South Korean investigators needed to issue an arrest warrant for a local e-commerce executive, accusing him of taking Terra (Luna) for promoting and planning Terra Labs.
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