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Terra Founder Do Kwon’s SEC Trial to Start Without Him Amid Extradition Delay
27.2.2024
Do Kwon, co-founder of Terraform Labs, is expected to miss the beginning of his US Securities and Exchange Commission (SEC) trial on fraud charges due to delays in his extradition from Montenegro.
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Terra Founder Do Kwon to be Extradited to the US, High Court Decides
21.2.2024
Montenegro’s High Court just decided that the founder of the failed Terra crypto blockchain Do Kwon will be extradited to the US, where he is being prosecuted for financial fraud, a local news outlet reported.
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Do Kwon Wins Second Chance to Appeal Extradition From Montenegro
8.2.2024
The appeal is a minor victory for Kwon, who initially won an appeal in November only for it to be subsequently overturned
Diversifying Stability: Stablecoins Finding Home Beyond the Greenback
7.2.2024
Following the success of Tether and USDC, a generation of stablecoins are offering new features for investors and holders, says Scott Sunshine, Managing Partner of Blue Dot Advisors
Terra Luna Classic Price Prediction as LUNC Bounces 12% From Recent Low – $1 LUNC Possible in 2024?
7.2.2024
Terra’s Luna Classic (ticker: LUNC) has bounced back 12% from a recent low of $0.00008986 posted exactly a fortnight ago. LUNC currently changes hands at $0.0001067, up around 10% from a week ago. It has shed a fraction (1.2%) in the last 24 hours, according to data by CoinGecko. This rally...
Former Terra Development Team Leader Testifies Against Do Kwon
6.2.2024
On February 5, reports emerged from the Korean daily newspaper Chosun, detailing how a former Terra development team leader had come forward with testimony challenging Terra founder Do Kwon. According to the newspaper, the 14th Criminal Division of the Seoul Southern District Court examined...
Former Terraform Labs CFO Han Chang-joon Extradited to South Korea by Montenegro
5.2.2024
Han Chang-joon was charged with carrying falsified travel documents alongside Terra co-founder Do Kwon last year
Terra Luna Classic Price Prediction as Community Burns 700 Million LUNC – A Turnaround in Sight?
24.1.2024
Terra Luna Classic (LUNC) price predictions remains bearish, despite attempts from the community to reduce the token’s supply via burns. As per a tweet from @AlexCryptoBull, 700 million LUNC tokens were burnt this week, plus 230,000 UST tokens. Great results this week with 700M $LUNC and 230k $USTC...
Terra Luna Classic Price Prediction as Former CEO Do Kwon Trial is Pushed Back – What’s Going On?
17.1.2024
The Terra Luna Classic price has dropped by 1.5% in the past 24 hours, slipping to $0.000123 after a US federal judge delayed the SEC’s trial against Terraform Labs founder Do Kwon. LUNC is now up by 3% in the past week, yet remains down by 16.5% in the last 30 days and by a […]
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Terra Luna Classic Price Prediction as LUNA Holds Steady Amid Market Volatility – A Sign of Strength?
16.1.2024
Terra Luna Classic (LUNC) Price Chart / Source: TradingView The Terra Luna Classic price is holding steady amid market volatility, with some bulls hoping this could be a sign of strength. Terra Luna Classic (LUNC) was last trading in the $0.000123s, roughly flat on the day. Terra Luna Classic...
Terra’s Do Kwon Seeks Trial Delay, Citing Extradition Holdup
14.1.2024
Terraform Labs co-founder Do Kwon has requested that the judge in his fraud case delay the trial date, currently set for Jan. 29, 2024, because Kwon is still tied up in extradition proceedings in Montenegro. Terra’s Do Kwon Requests Trial Postponement Due to Extradition Issues In a letter...
Terra Luna Classic Price Prediction as LUNC Bounces 30% From Recent Bottom – Where Next for LUNC?
12.1.2024
Despite falling around 5% on Friday, the Terra Luna Classic (LUNC) price remains over 20% up versus the lows it printed earlier in the year near $0.00010. The Luna Classic price was last around $0.00012, having reversed sharply back from earlier session highs in the upper $0.00013s. LUNC’s...
Terra Founder Do Kwon Asks US Court to Push Trial to Mid-March
12.1.2024
Source: Terra / YouTube Do Kwon, the former CEO of Terra, is seeking a delay in the Securities and Exchange Commission (SEC) trial against him and his former company so he can attend the trial. Kwon’s counsel has formally requested a U.S. court to postpone the trial due to uncertainties...
U.S. SEC Seeks to Leverage Terraform Win in Coinbase, Binance Disputes
5.1.2024
The U.S. Securities and Exchange Commission (SEC) has been blowing a horn in its various legal clashes with crypto exchanges, asking courts to see how its recent win in the Terraform Labs dispute should convince other judges that the regulator is right about platforms like Coinbase and Binance...
Terra Luna Classic Price Prediction as LUNC Jumps 10% – A Sign of Growing Interest?
5.1.2024
Source: Dall•E 3 The Terra Luna Classic price has bounced by almost 10% in the past 24 hours, rising to $0.00012765 as the wider market gains by a more modest 1% today. Despite this gain, LUNC remains down by 11.5% in the past week and by 38% in the last 30 days, with the coin […]
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Is Terra Luna Classic Going to Zero? LUNC Price Drops 20% as Novel Mining Protocol Takes All the Attention
4.1.2024
Despite a tumultuous 2023, which saw Terra Luna Classic de-listed by major exchanges, LUNC has mounted a resounding come-back, yet, amid a -20% price drop – is Terra Luna Classic going to zero? Upside price action appears to have been invigorated by a quick-fire burn mechanism, that has been...
Stablecoin Storm — Gemini’s GUSD Shrinks 93% Amidst Market Turbulence
3.1.2024
Over the past few years, the stablecoin market has significantly slowed, particularly since mid-2022, following the collapse of Terra’s stablecoin. Additionally, last year, the New York Department of Financial Services (NYDFS) instructed Paxos to cease the issuance of BUSD. Beyond these...
SEC Whistleblower Reveals Chai Payments App in Terra Ecosystem Didn’t Use Crypto
31.12.2023
Source: Adobe/Casimiro Four crypto tokens sold by Do Kwon and his co-founded company, Terraform Labs, has been qualified as unregistered securities. The tokens in question are TerraUSD (UST), LUNA, wLUNA, and Mirror Protocol (MIR), according to a recent summary judgment ruling by Judge Jed Rakoff...
Judge Grants Summary Judgment for SEC in Landmark Crypto Case Against Terraform Labs
29.12.2023
In a definitive ruling, U.S. District Judge Jed Rakoff favored the Securities and Exchange Commission (SEC) in the multi-billion-dollar fraud case involving Terraform Labs and its founder, Do Kwon. Rakoff noted that the Howey test criteria were satisfied for a range of Terra-related assets...
Terraform Labs CEO Do Kwon Violated US Securities Law, Says Judge
29.12.2023
Source: Terra / YouTube US District Judge Jed Saul Rakoff said on Thursday, Terraform Labs CEO and founder Do Kwon violated the US securities law by failing to register UST and LUNA as securities. Rakoff, a judge at the US District Court Southern District of New York, agreed with the the Securities...