News and price analysis of the cryptos Ecoterra, Casper (CSPR) and Terra (LUNA)

Starting with the most relevant news of the last week for these 3 cryptos, we can immediately point out the presentation of a new governance proposal for Terra (LUNA) by the user “PFC” within the dedicated section for community decisions.

Timeline of Casper, Terra-luna-v2

Do Kwon – the crypto executive behind the Terra USD collapse that occurred in the summer of 2022 – has been arrested and taken into custody. Do Kwon Has Reportedly Been Taken In Kwon has allegedly been a fugitive these past few months.

In the last week, the crypto market has been on an upswing, with most assets recording little amount of market gains. However, CSPR, the native token of the Casper Network, is one of the biggest gainers, surging by 13.9% over the last seven days.

Terra's Do Kwon reportedly hid a fortune in a Swiss-based Sygnum bank account. US officials want justice, but the matter raises jurisdiction problems with the involvement of the Securities and Exchange Commission (SEC).

Prosecutors from Seoul suspect that Terraform Labs and its co-founder, Do Kwon, still possess a substantial sum of money, specifically 130 billion won ($100 million), held in a Swiss bank account. This comes after recent legal action against ten associates of Terraform Labs, including co-founder Shin Hyun-seong, also known as Daniel Shin.

In the wake of the recent legal action against ten associates of Terraform Labs, which included the co-founder Shin Hyun-seong, known to many as Daniel Shin, it appears that prosecutors from Seoul are convinced that Terraform Labs and co-founder Do Kwon are still in possession of a considerable sum of money, specifically 130 billion won

Daniel Shin, co-founder of Terraform Labs, is among ten individuals charged in South Korea, as legal repercussions from the Terra crisis continue to unfold across multiple countries.

Recent local reports have brought to light that Shin Hyun-seong, also known as Daniel Shin, co-founder of Terraform Labs, has been indicted by the Seoul Southern District Prosecutors' Office on charges of fraud.

Crypto investment firm Paradigm filed an amicus brief in the case between the U.S. Securities and Exchange Commission (SEC), and Terra (LUNA) co-founder Do Kwon. According to the April 21 filing, the crypto investment firm has never owned or invested in the Terra ecosystem and is not concerned with Defendant's position.

Shin Hyun-seong, co-founder of Terraform Labs, has been indicted along with nine other individuals for the collapse of the Terra stablecoin ecosystem. They are accused of fraud, breach of trust, and embezzlement, with illicit profits of nearly $350 million suspected.

Do Kwon, CEO of Terraform Labs, has requested the dismissal of charges filed by the SEC, arguing that the claims are invalid and that the agency lacked proper jurisdiction. Kwon's counsel stated that Terra's tokens and projects were not specifically targeted at U.S. investors.