by COINS NEWS - 1 year ago
The fears of a Tether collapse have been around since the early days of Tether. Most people believe it could be the biggest black swan event, while some say it would be the end of crypto. They call it Tetherpocalypse. But is it still gonna be a...
Cryptocoins News / Finance Magnates - 1 year ago
Singapore has disowned the collapsed
cryptocurrency project Terraform Labs, saying the platform was not performing
activities requiring a license from the MAS and was neither licensed nor exempted
from licensing by the regulator. The city-state has a...
Bitcoin News / Bitcoin.com - 1 year ago
The U.S. Securities and Exchange Commission (SEC) has asked the court to order Terraform Labs and Do Kwon to pay around $5.3 billion as part of the final judgment against the two defendants. This sum includes $4,192,147,847 in disgorgement and $545,7...
Bitcoin News / Bitcoinist - 1 year ago
In a significant development in the ongoing legal battle between the United States Securities and Exchange Commission (SEC) and Terraform Labs, a jury has found the blockchain protocol and its co-founder Do Kwon liable for civil fraud over the crash...
Cryptocoins News / Blockchain - 1 year ago
The US Securities and Exchange Commission (SEC) has filed a motion for billions of dollars in disgorgement and civil penalties against Terraform Labs and co-founder Do Kwon. The SEC is seeking $4.7 billion in disgorgement and prejudgment interest, al...
by COINS NEWS - 1 year ago
➡️ 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...
Cryptocoins News / CoinJournal - 1 year ago
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...
Cryptocoins News / Finance Magnates - 1 year ago
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...
Bitcoin News / Bitcoin.com - 1 year ago
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...
Bitcoin News / Bitcoinist - 1 year ago
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,...
Bitcoin News / Google News Bitcoin - 1 year ago
Analyst: Bitcoin to hit $650k; Terra Classic pool balance hits 5B as NuggetRush gains momentum& & crypto.news
Cryptocoins Exchanges / CEX.IO - 1 year ago
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...
Cryptocoins News / Blockchain - 1 year ago
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)
Bitcoin News / Bitcoinist - 1 year ago
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...
Bitcoin News / Bitcoin.com - 1 year ago
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)....
Bitcoin News / Bitcoin.com - 1 year ago
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...
Bitcoin News / Bitcoinist - 1 year ago
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...
Cryptocoins News / Blockchain - 1 year ago
SEC accuses Terraform Labs of constructing a fraudulent empire, with the civil trial beginning over a year after the lawsuit was filed. (Read More)
Cryptocoins News / CoinJournal - 1 year ago
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...
Bitcoin News / Bitcoinist - 1 year ago
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...
