According to a Friday report by Bloomberg, a United States jury found Terraform Labs and its co-founder Do Kwon liable for civil fraud over the crash of the Terra ecosystem in 2022. This development comes as Do Kwon continues to battle criminal cases in the US and South Korea over the sudden collapse of the […]
Binance, the world’s largest cryptocurrency exchange, has executed a large-scale token burn, opting to incinerate over 2 billion LUNCs in a single day. Binance Initiates Massive LUNC Burns A new report from a Terra Luna army member on X (formerly Twitter) has unveiled a massive 2.2 billion LUNC burn initiated by Binance. The cryptocurrency exchange […]
The LUNC community has experienced a setback in their plans to revive the crypto token following the rejection of a proposal that was believed to be beneficial to the ecosystem. This latest proposal joins a growing list of proposals that have been put forward in a bid to restore LUNC to its previous highs. An […]
Extradition Battle Win For Do Kwon: Montenegro Court Decision Reversed, LUNC Jumps 13% | Bitcoinist.com
In a significant turn of events, a court in Montenegro has overturned the extradition order of Do Kwon, co-founder of Terraform Labs, to the United States or South Korea. The Podgorica-based Appeals Court made the decision, which cited procedural irregularities and lack of clarity in its ruling. The court’s decision came in response to an […]
Do Kwon’s Detention Prolonged Until 2024 As Montenegro Responds To Extradition Requests | Bitcoinist.com
According to an International Business Times report, Montenegro’s Supreme Court decided to extend the detention of TerraForm Labs founder and CEO Do Kwon until February 2024, following extradition requests from the United States and South Korea. Closed-Door Discussions Reveal Montenegro’s Plan For Do Kwon Initially set to be extradited to the US on December 15, […]