Cryptocoins News / Finance Magnates - 1 year ago
After months of deliberation, Montenegrin
authorities have extradited Han Chang-joon, Terraform Lab's Former Chief Financial Officer, to South Korea, according to a notice by the Government of Montenegro. This move occurred as the US and South Korea...
Cryptocoins News / Blockchain - 1 year ago
Terraform Labs files for bankruptcy to appeal against SEC lawsuit, challenging jurisdiction over crypto assets. CEO Amani challenges jurisdiction, affecting cryptocurrency regulation and digital asset classification. (Read More)
Bitcoin News / Google News Bitcoin - 1 year ago
Bitcoin and Ethereum decline on the week, Worldcoin to launch a new Orb and Terraform Labs files for bankruptcy& & TechCrunch
by COINS NEWS - 1 year ago
Sometimes I feel the bankruptcy laws are for scums and scams like Kwon to hide behind. submitted by /u/Savi321 [link] [comments]
Bitcoin News / Bitcoin.com - 1 year ago
Terraform Labs has filed for Chapter 11 bankruptcy in the U.S. amid ongoing litigation with the U.S. Securities and Exchange Commission (SEC). The company stated in its bankruptcy filing that “funds will be available for distribution to unsecur...
Cryptocoins News / CoinJournal - 1 year ago
CryptoCom confirms Terra Luna Classic (LUNC) delisting.
Terra Luna Classic (LUNC) sees a 13% price plunge.
According to emails received by investors, the exchange is set to delist the coin on Feb 15.
In a sudden turn of events, the Terra Luna Class...
Bitcoin News / Bitcoinist - 1 year ago
In a stunning turn of events, the TerraUSD (UST) stablecoin project and its creator, Terraform Labs, find themselves grappling with Chapter 11 bankruptcy in the United States.
The turmoil began with the disastrous depegging of UST in May 2022, creati...
Cryptocoins News / Finance Magnates - 1 year ago
Terraform Labs, the company once known for its algorithmic stablecoin TerraUSD (UST), has filed for Chapter 11 bankruptcy protection in the United States, according to the documents filed yesterday (Sunday) with the Bankruptcy Court for the District...
Bitcoin News / Bitcoinist - 1 year ago
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 pu...
Cryptocoins News / Blockchain - 2 years ago
The SEC has postponed the trial of Terraform Labs and Do Kwon, pending Kwon's extradition to the US, for a $40 billion cryptocurrency fraud. (Read More)
Bitcoin News / Bitcoinist - 2 years ago
After the collapse of Terraform Labs, the once influential Korean crypto mogul Do Kwon has been facing an ongoing battle against criminal charges in the U.S. and his home country, South Korea. Most recently, according to his lawyer, he has once more...
Bitcoin News / Bitcoin.com - 2 years ago
Terraform Labs co-founder Do Kwon has requested that the judge in his fraud case delay the trial date, currently set for Jan. 29, 2024, because Kwon is still tied up in extradition proceedings in Montenegro.
Terra’s Do Kwon Requests Trial Postp...
Bitcoin News / Bitcoinist - 2 years ago
In a letter to Judge Jed S. Rakoff, counsel for Do Kwon, the former CEO of Terra, has formally requested the postponement of his trial in the United States. The trial, which addresses charges brought by the US Securities and Exchange Commission (SEC)...
Bitcoin News / Bitcoinist - 2 years ago
The recent lawsuit between the US Securities and Exchange Commission (SEC) and Binance has taken an intriguing turn, as the SEC filed a notice of supplemental authority citing the judgment in SEC v. Terraform Labs as a significant precedent.Β
The SEC...
Cryptocoins News / Blockchain - 2 years ago
SEC links Terraform Labs ruling to Binance case, alleging unregistered securities offerings and deceptive practices in crypto trading. (Read More)
Bitcoin News / Bitcoinist - 2 years ago
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 SE...