Altcoin News Daily Official TheBitTimes.com

Terra users are being urged to exercise caution as a security issue with Terra.money comes to light. The incident occurs against legal turbulence in the crypto world, highlighting the industry’s ongoing struggle for stability. Terra, a blockchain platform renowned for its stablecoin, has recently identified a potential threat to its users’ online safety.  2/ Rest assured, the Terra blockchain is unaffected and your funds remain secure. Updates will be provided as soon as the issue is resolved. Thank you for your understanding and patience. — Terra Powered by LUNA (@terra_money) August 18, 2023 The project’s administrators have sounded an alarm, advising users to avoid accessing domains that end in Terra.money. This precautionary measure aims to prevent users from falling victim to potential phishing threats that may exploit the domain’s vulnerability. Despite this domain-related hiccup, Terra’s blockchain infrastructure remains unscathed...

Shin currently faces multiple fraud charges, specifically concerning allegedly hiding risks associated with investing in the in-house tokens by Terraform Labs. A local court in South Korea denied the prosecutor’s request to issue an arrest warrant for Terraform Labs co-founder Shin Hyun-Seong, also known as Daniel Shin. This was the second attempt made by South Korean authorities to reign in Shin following the recent arrest of Do Kwon — Terra’s other co-founder. On March 23, Kwon was arrested at Podgorica airport in Montenegro while attempting to use fake documents to fly abroad. The Seoul Southern District Prosecutors Office took advantage of this situation and, on March 27, requested an arrest warrant for Shin, citing his involvement in cashing in illicit profits from Terra (LUNA) and TerraUSD (UST) sales. However, the Seoul Southern District Court denied the request while citing unconfirmed allegations and the unlikeliness of Shin being a flight risk or destroying evidence, acco...