News about TERRA

News about Terra

Terra Luna Classic Community Unanimously Approves IBC Proposal

➡️ Terra Luna Classic community unanimously approves Proposal 12099 to restore IBC connectivity. ➡️ Proposal by RakoffToken team upgrades IBC client from 07-tendermint-178 to 07-tendermint-246. ➡️ With the ongoing efforts to enhance connectivit...

SEC seeks $5.3 billion from Terraform Labs and Do Kwon

The US Securities and Exchange Commission (SEC) seeks a $5.3 billion judgement against Terraform Labs and co-founder & CEO Do Kwon. Terraform Labs filed a motion for settlement at $3.5 million; dO Kwon offered $800,000. The US Securities and Ex...

SEC Seeks a Total of $5.3 Billion from Terraform Labs and Do Kwon

The Securities and Exchange Commission (SEC) of the United States is seeking $4.7 billion in disgorgement and prejudgment interest from bankrupt Terraform Labs and its co-founder Do Kwon. The regulator is further seeking civil penalties of $420 milli...

Stablecoin Market Hits $160 Billion, Reaching Heights Not Seen Since Terra’s Crash

This week, the value of the fiat-pegged cryptocurrency economy has climbed to $160 billion, a peak last observed in May 2022, shortly before Terra’s UST detached from its intended $1 parity on May 9, 2022. In the past month, various stablecoin...

LUNC Revival Efforts Continue: Terra Community Set To Pass Important Proposal

The Terra community has initiated crucial proposals that could revive the cryptocurrency by bringing new changes to the Terra Classic ecosystem. With the voting process still ongoing and community feedback highlighting a potentially positive outcome,...

Analyst: Bitcoin to hit $650k; Terra Classic pool balance hits 5B as NuggetRush gains momentum - crypto.news

Analyst: Bitcoin to hit $650k; Terra Classic pool balance hits 5B as NuggetRush gains momentum& & crypto.news

Could Ethena be the next Terra?

In this week’s crypto highlights, we explore the price movements of ETH, TON, AAVE, and UNI. Additionally, this recap includes other notable industry news items that occurred over the last seven days. Without further ado, let’s dive into the latest...

Terraform Labs and Do Kwon Held Liable for Securities Fraud by NY Jury

erraform Labs and Do Kwon face a guilty verdict for defrauding investors in a landmark case, highlighting the need for regulatory compliance in the crypto market. (Read More)

US Jury Finds Do Kwon, Terraform Labs Liable For Fraud In SEC Trial

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 case...

Terraform Labs and Do Kwon Found Liable for Fraud in SEC Trial

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Terraform Labs and Former CEO Do Kwon Found Liable for Civil Fraud by Jury

On Friday, Zack Guzmán, founder of Coinage Media, announced that Terraform Labs’ co-founder Do Kwon and his startup were deemed responsible for fraudulent activities in its legal battle against the U.S. Securities and Exchange Commission (SEC)....

Terraform Labs and founder Do Kwon found liable in US civil fraud trial

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Ex-Terraform Labs CEO Do Kwon’s Extradition Case Reset

In the latest Montenegro Supreme State Prosecutor’s Office’s announcement, the legal proceedings concerning the extradition of Terraform Labs’ former CEO, Do Kwon, will revert to the first trial court. On April 3, 2024, a confidenti...

Do Kwon And Terra Vs. SEC: Day 1 Is Off To A Hot Start

The much-anticipated civil trial between Terraform Labs, its embattled founder Do Kwon, and the US Securities and Exchange Commission (SEC) began on Monday in Manhattan, marking a pivotal moment in the ongoing scrutiny of the crypto space and regulat...

SEC Brands Terraform Labs a "House of Cards" as Civil Trial Commences

SEC accuses Terraform Labs of constructing a fraudulent empire, with the civil trial beginning over a year after the lawsuit was filed. (Read More)

Trial against Terraform Labs and Do Kwon to begin in NYC in Kwon’s absence

The trial against Terraform Labs and Do Kwon begins in NYC post-prison release. SEC accuses Kwon of fraud over TerraUSD collapse, sparking $40B loss. As the NYC trial unfolds, the US and South Korea are fighting for his extradition. In a pivotal mo...

Terraform Labs In The Hot Seat: Trial Begins As Do Kwon’s Final Extradition Decision Looms

Terraform Labs is set to face a high-stakes trial on Monday, grappling with civil fraud allegations linked to the collapse of its TerraUSD stablecoin in 2022. Meanwhile, Terra co-founder Do Kwon remains in Montenegro awaiting the decision on whether...

US Regulators to Hear Terra and Co-founder Do Kwon Case

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Terraform Labs’ Do Kwon Released from Montenegro Prison

The authorities in Montenegro released the Co-Founder of Terraform Labs, Do Kwon, from prison last Saturday as his extradition to South Korea was scrapped by the country's Supreme Court, according to a Bloomberg report. However, he cannot leave Monte...

Extradition of Terraform Labs’ Do Kwon to South Korea Stalls

The extradition of Terraform Labs’ Co-Founder, Do Kwon, to South Korea has hit a roadblock as Montenegro’s Office of the Supreme State Prosecutor challenged against the court order yesterday (Thursday).Another Twist in Do Kwon’s ExtraditionThe countr...

Terraform Labs’ Do Kwon Lost Appeal against South Korea Extradition

A court in the Balkan country of Montenegro has rejected the appeal of cryptocurrency firm Terraform Labs’ Co-Founder, Do Kwon, to block his extradition to South Korea. This decision has sealed the transfer of custody of Kwon to authorities in South...

US Continues Efforts to Extradite Terra Founder Do Kwon

Despite Montenegro’s High Court ruling for Do Kwon’s extradition to South Korea, the U.S. is not backing down. “The United States continues to seek Kwon’s extradition in accordance with relevant international and bilateral agreement...

South Korea's Police Agency Requests INTERPOL's Assistance for Extradition of Terra's Do Kwon

South Korea intensifies efforts to extradite Terraform Labs CEO Do Kwon by seeking INTERPOL's cooperation after a Montenegrin court rejects U.S. extradition. (Read More)

High Court Shifts Extradition Route for Terraform Labs’ Do Kwon to South Korea

In a recent legal twist, the High Court in Podgorica has ruled in favor of extraditing Terraform Labs co-founder Do Kwon to South Korea. This decision comes after the Montenegro Appeals Court overturned a previous ruling that favored his extradition...

Terraform Labs Accuses SEC Of ‘Government Overreach’ In Legal Defense Dispute

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...

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