Bitcoin News / Bitcoinist - 1 year ago
In a bid to defend itself against the “complex cryptocurrency action” brought against it by the US Securities and Exchange Commission (SEC), Terraform Labs has once again filed a motion against Citadel Securities, asking the court to compel the marke...
Cryptocoins News / Blockchain - 1 year ago
Terraform Labs has filed a motion against Citadel Securities seeking critical trading data for its defense in a lawsuit by the SEC. The case revolves around market destabilization allegations during the May 2022 Depeg event of TerraUSD stablecoin. Th...
Cryptocoins News / The Cointelegraph - 1 year ago
Terraform Labs has urged the judge to grant its motion to compel trading data from Citadel Securities, which it says had a hand in the collapse of USTC in May 2022. Do...
Cryptocoins News / The Cointelegraph - 1 year ago
The dropping of the suit came amid Terra facing a lawsuit brought by the U.S. SEC and Do Kwon possibly nearing the end of his sentence in Montenegro. A group of invest...
Bitcoin News / Bitcoin.com - 1 year ago
In the wake of the U.S. Securities and Exchange Commission’s (SEC) call to depose Terraform Labs creator and former CEO Do Kwon, the SEC unveiled an alleged exchange between him and his former associate Daniel Shin. The ex-Terra boss reportedly...
Bitcoin News / Bitcoinist - 1 year ago
A court filing by the SEC has shown the contents of leaked chats between Do Kwon, founder of the Terra blockchain which collapsed in 2022, and co-founder Daniel Shin, the CEO of the Chai payment app.
Chat History Between The Two Co-founders
On Septem...
Cryptocoins News / Finance Magnates - 1 year ago
Terraform
Labs' Founder, Do Kwon, has opposed attempts by the US Securities and Exchange
Commission (SEC) to extradite him for questioning regarding the collapse of
Terra LUNA and the stablecoin TerraUSD. Kwon's defiance
became evident with a recent...
Bitcoin News / Bitcoinist - 1 year ago
It’s been more than a year since the historic Terra LUNA crash saw USTC de-peg but the community has still not given up on the cryptocurrency. The latest development comes in the form of a proposal that wants to stop the minting of new USTC, which co...
Bitcoin News / Bitcoin.com - 1 year ago
Following a decisive vote by the Terra Classic community, an initiative to halt the creation of the previously termed stablecoin, terra usd (commonly referred to as UST or USTC), has been approved. Despite 40.56% opposition, 59.42% of the vote gave t...
Cryptocoins News / Blockchain - 1 year ago
The SEC has filed a motion in the United States District Court for the Southern District of New York against Terraform Labs and Do Hyeong Kwon. The commission is seeking the court's permission to notice a deposition from Kwon or to preclude the defen...
by COINS NEWS - 1 year ago
The community strongly backs stopping TerraUSD Classic (USTC) minting and reminting in favor of burning tokens to restore its U.S. dollar peg. The Terra Classic commun...
by COINS NEWS - 1 year ago
The Terra Classic (LUNC) community has voted to stop all minting and reminting of Terra Classic USD, the algorithmic stablecoin formerly known as UST that was at the center of the Terra ecosystem’s $45 billion collapse. submitted by ...