News about TERRA

News about Terra

Embracing a Greener Future: Comparing Dogetti, Ecoterra, and Bitcoin - Analytics Insight

Embracing a Greener Future: Comparing Dogetti, Ecoterra, and Bitcoin& & Analytics Insight

Bitcoin Price Plunges While Ecoterra Hits $4.5 Million - BeInCrypto

Bitcoin Price Plunges While Ecoterra Hits $4.5 Million& & BeInCrypto

Terraform Labs CEO Do Kwon Denied Bail by Montenegrin High Court; Extradition Requests Loom

A Montenegrin high court judge has reportedly invalidated the bail application of Do Kwon, the co-founder of Terraform Labs. Kwon was detained for providing false identification while boarding a flight to Dubai alongside a companion on March 23, 2023...

Tether is buying more Bitcoin to hold on their balance sheet. Isn’t that what Do Kwon did as a backstop for Terra USD?

It seems like history is kind of repeating itself. The circumstances are different, but Tether is going to use 15% of their profits to buy Bitcoin to hold for an undetermined amount of time. This is after the purchase they have already made. Saw this...

SEC Says Jump Trading Secretly Propped Up Do Kwon’s TerraUSD

Court filings by the U.S. SEC claim that Jump Trading entered a secret deal with Do Kwon in 2021.& Jump Trading allegedly propped up Terraform Labs’ TerraUSD stablecoin a year before it collapsed.& The deal allowed TerraUSD to regain its dol...

Terra founder Do Kwon gets bail, institutions continue to show interest in crypto and blockchain, the US and other countries sustain regulatory efforts

submitted by /u/Wide_big_tall [link] [comments]

Montenegro court releases Terra founder Do Kwon on $436k bail

submitted by /u/nevjera [link] [comments]

Jump Trading faces lawsuit over alleged $1.3B profit from TerraUSD

Jump Trading and its CEO, Kanav Kariya, are accused of violating United States regulations and unjust enrichment in the lawsuit. A lawsuit filed in an Illinois distric...

TerraUSD Creator Do Kwon Granted $437,000 Bail In Montenegro

Summary: A Basic Court in Montenegro’s capital Podgorica agreed to bail terms for Do Kwon and a second Terra executive identified as Han Chang-joon.Kwon will be released after paying $437,,000 or €400,000 in bail but he cannot leave his apartmen...

Terra Luna founder Do Kwon’s bail terms officially accepted by Montenegro court

The Montenegro court accepted the offered bail of $436,000 per person for Do Kwon and his former aide Han Chang-joon. Montenegro has granted approval to the bail terms...

Terra crash anniversary: Community reflects on the lessons learned

The Terra crash anniversary sparks reflections on the importance of liquidity, transparency and user protection in the crypto industry. On the anniversary of the Terra...

Terra Co-Founder’s Trial Date Set, Do Kwon Awaits Extradition

submitted by /u/user260421 [link] [comments]

Terra Founder Do Kwon Faces 40 Years in Jail If Convicted, South Korean Prosecutor Warns

submitted by /u/Fredzoor [link] [comments]

A year ago today Terra USD began it's depeg from $1. In seven days the price of the stablecoin dropped to $.16 and the price of Luna dropped to . 0001. With both dropping further over the following weeks. Remembering what happened.

A year ago today Terra USD began it's final depeg from $1 with the price sitting at $.9999 after two days of fighting to hold the peg, the price plunged down to $.80 and then $.16 by the end of the week. A year later the price of the unback...

Prosecutor says Do Kwon’s extradition to South Korea would best serve Terraform Labs’ victims: Report

The former Terraform Labs CEO could face 40 years in jail in South Korea, the country where he committed most of his crimes, according to local authorities. South Ko...

Terraform Labs seeks to dismiss class action arguing US laws don’t apply

Federal securities laws only apply in the United States, but the protocols were developed overseas, argues Terraform Labs. Terraform Labs is seeking to have a class a...

Terra Classic Advocates Propose Plan to Re-Establish USTC’s Peg With US Dollar, Token’s Value Surges by Over 9%

Almost 12 months back, terrausd (UST), an algorithmic stablecoin, suffered a detachment from the U.S. dollar, causing the Terra ecosystem to crumble shortly thereafter. At present, supporters of the Terra Classic blockchain community are deliberating...

Seoul Prosecutors Believe Terra Co-Founder Do Kwon Still in Possession of $100 Million Held in Swiss Bank Account

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 K...

Terraform Labs Co-Founder Indicted for Terra Stablecoin Collapse

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 m...

Terraform Labs CEO Asks for Dismissal of SEC Charges

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...

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