Bitcoin News / Bitcoinist - 1 year ago
In a recent ruling by US District Judge Jed Rakoff, the US Securities and Exchange Commission (SEC) emerged victorious in the Terraform Labs case, causing concern and unease within the cryptocurrency community over the classification of stablecoins.T...
Bitcoin News / Bitcoinist - 1 year ago
In a landmark ruling that could have far-reaching implications for the crypto industry, a federal judge has sentenced cryptocurrency entrepreneur Do Kwon and his company Terraform Labs, finding them violating US law for failing to register two digita...
Cryptocoins News / CoinJournal - 1 year ago
Federal Judge Rakoff rules $LUNA and $MIR as securities, finding Terraform Labs violated U.S. laws.
SEC trial, scheduled Jan 29, 2024, centres on Terra’s UST stablecoin collapse and $25M alleged fraud.
Jump Trading’s involvement adds com...
Bitcoin News / Bitcoin.com - 1 year ago
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 satis...
Bitcoin News / Bitcoin.com - 1 year ago
On Tuesday, Montenegro’s appeals court overturned the extradition request for Terraform Labs co-founder Do Kwon. This reversal follows reports that Justice Minister Andrej Milovic had informally agreed to the extradition.
Kwon to Remain in Mont...
Bitcoin News / Bitcoinist - 1 year ago
Following Do Kwon’s arrest in Montenegro and subsequent legal issues, the price of Terra Classic (LUNC) demonstrated its durability.
Do Kwon’s legal representatives will not be able to stop his extradition to the United States. To be more...
Bitcoin News / Bitcoinist - 1 year ago
In a significant breakthrough in the ongoing legal saga surrounding the founder of Terra Luna, Kwon Do-Hyung, known as Do Kwon, reports indicate that he is set to be extradited to the United States.
According to the Wall Street Journal, Montenegro h...
Cryptocoins News / The Cointelegraph - 1 year ago
Lawyers for Terraform Labs co-founder Do Kwon have mounted a final attempt to appeal his extradition from Montenegro. Terrafor...
Bitcoin News / Bitcoinist - 1 year ago
Terraform Labs co-founder Kwon Do-hyung, commonly known as Do Kwon, has mounted a legal challenge against his extradition, as confirmed by the Montenegrin Court of Appeal on December 6. This appeal, first reported by Korean news outlet Digital Asset,...
Cryptocoins News / CoinJournal - 1 year ago
Do Kwon appeals his extradition decision.
Kwon’s legal battle began on June 15 with a six-month detention for extradition.
The High Court recently approved requests from South Korea and the United States.
In some breaking crypto news, Terrafo...
Cryptocoins News / The Cointelegraph - 1 year ago
According to the SEC, the tokens at issue in its civil case against Terraform Labs should be a “legal question” for a court, “not a factual questi...
Bitcoin News / Bitcoinist - 1 year ago
Terraform Labs has landed a huge blow against the Securities and Exchange Commission (SEC) in its ongoing legal battle with the Commission. Lawyers representing the crypto firm have called the Commission’s conduct into question and used a recent case...
Bitcoin News / Google News Bitcoin - 1 year ago
Bitcoin Sails Past $41K as Crypto Market Recovers to Pre-Terra Levels& & CoinDeskBitcoin (BTC) Hits $40,000 for First Time Since May 2022 as Crypto Rallies& & Bloomberg
Bitcoin News / Google News Bitcoin - 1 year ago
Bitcoin Tops $42K as Crypto Market Recovers to Pre-Terra Levels& & CoinDeskBitcoin Surges Past $42,000 Even as Stocks and Bonds Take a Hit& & Yahoo Finance
Cryptocoins News / The Cointelegraph - 1 year ago
Though many filings in the SEC case were made under seal, Judge Jed Rakoff reportedly suggested that nothing would remain confidential should the...