Bitcoin News / Bitcoin.com - 1 year ago
The U.S. Securities and Exchange Commission’s former head of internet enforcement has predicted a “big win” for the SEC in the lawsuit involving Terraform Labs. The ex-SEC official also expects District Judge Jed Rakoff t...
Bitcoin News / Bitcoin.com - 1 year ago
Last week, lawyers representing Terraform Labs and its ex-CEO Do Hyeong Kwon (Do Kwon) moved to dismiss the lawsuit brought against them by the U.S. Securities and Exchange Commission (SEC). In response, the SEC has countered with a motion of its own...
Cryptocoins News / Finance Magnates - 1 year ago
The
US Securities and Exchange Commission (SEC) has requested a summary judgment
from a federal judge in its case against Kwon Do-Hyung (Do Kwon) and Terraform Labs, in a move
aimed at avoiding a full trial. The SEC argued that there is "no genuine
d...
Cryptocoins News / The Cointelegraph - 1 year ago
The “evidence” of violations provided by the SEC points to Kwon’s involvement in misleading crypto investors by creating and marketing Terra and its in-house Terra (LUNA) tokens as securi...
Cryptocoins News / Blockchain - 1 year ago
Terraform Labs and co-founder Do Kwon are defending against fraud and securities allegations by the U.S. SEC, arguing their cryptocurrencies are not securities, amidst a wider legal battle between crypto firms and regulators following the Terra ecosy...
Bitcoin News / Bitcoin.com - 1 year ago
In the latest legal maneuver, Terraform Labs and its former CEO Do Hyeong Kwon (Do Kwon) have submitted a comprehensive Motion for Summary Judgment, seeking an immediate dismissal of the fraud charges levied against them by the U.S. Securities and Ex...
Cryptocoins News / The Cointelegraph - 1 year ago
Do Kwon, the co-founder of the now-collapsed Terra ecosystem, maintains he and his firm did not skirt U.S. securities laws. Terraform Labs co-founder Do Kwon has reque...
Cryptocoins News / The Cointelegraph - 1 year ago
Daniel Shin claimed he and Do Kwon parted ways before the collapse of the Terra/Luna ecosystem was imminent and that he had nothing to do with it. The trial of paymen...
Cryptocoins News / The Cointelegraph - 1 year ago
The order was unclear as to the nature of the documents under subpoena but stated Genesis had failed to provide the information by Oct. 9. A United States judge has ap...
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...