In a significant development in the ongoing legal battle between the United States Securities and Exchange Commission (SEC) and Terraform Labs, a jury has found the blockchain protocol and its co-founder Do Kwon liable for civil fraud over the crash of the Terra ecosystem in 2022. In response, the SEC has filed a motion seeking […]
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 […]
Terraform Labs co-founder Do Kwon is now set to be released from prison in Montenegro; however, the South Korean will remain restricted to the borders of the European nation pending a fixed date for his extradition to his home country. Do Kwon Serves Time In Montenegro, Awaits Extradition Decision In March 2023, Do Kwon, alongside […]
In a recent court filing, bankrupt cryptocurrency firm Terraform Labs has strongly criticized the US Securities and Exchange Commission (SEC) for its objection to a $166 million retainer paid to law firm Dentons. The firm argues that the SEC’s objection represents a troubling example of “government overreach” and aims to ” disadvantage ” and distract […]
On Tuesday, March 5, the Appellate Court of Montenegro has overruled the decision of the High Court of Podgorica, which had approved the extradition of Terraform Labs co-founder Do Kwon to the United States for criminal prosecution. The decision, dated March 5, 2024, nullifies the prior approval dated February 20, 2024, and mandates a retrial […]
The Terra Classic community has proposed a new upgrade that could see the reawakening of the ecosystem’s tokens LUNC and USTC. The upgrade, aimed at improving Terra Luna Classic’s overall functionality, will introduce advanced solutions and security features into its ecosystem. About The Upgrade Proposal A prominent LUNC developer, Till “Fragwuerdig” Ziegler has recently submitted […]
The legal saga surrounding Terraform Labs co-founder Do Kwon is taking another pivotal turn as the US Securities and Exchange Commission (SEC) prepares to commence its civil trial against him on March 25, despite his likely absence due to extradition delays from Montenegro. This trial stems from charges related to the catastrophic collapse of TerraUSD […]
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 […]
In the lawsuit between the US Securities and Exchange Commission (SEC) and Binance, the regulator has filed a notice of supplemental authority, citing the judgment in SEC v. Terraform Labs as a key precedent. This move is a strategic effort by the SEC to leverage the Terra ruling in its case against Binance, Binance.US, and […]
Extradition Battle Win For Do Kwon: Montenegro Court Decision Reversed, LUNC Jumps 13% | Bitcoinist.com
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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
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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, […]
The LUNC token has been one of the top-performing cryptocurrencies in the market and Binance may be one of the major factors driving the rallies. This is attributed to major announcements that the largest crypto exchange in the world has made with regard to the altcoin. Binance Introduces New LUNC Pair And Burns Tokens Binance […]