News about TERRA

News about Terra

Terra founder Do Kwon gets bail, institutions continue to show interest in crypto and blockchain, the US and other countries sustain regulatory efforts

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Montenegro court releases Terra founder Do Kwon on $436k bail

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Jump Trading faces lawsuit over alleged $1.3B profit from TerraUSD

Jump Trading and its CEO, Kanav Kariya, are accused of violating United States regulations and unjust enrichment in the lawsuit. A lawsuit filed in an Illinois distric...

TerraUSD Creator Do Kwon Granted $437,000 Bail In Montenegro

Summary: A Basic Court in Montenegro’s capital Podgorica agreed to bail terms for Do Kwon and a second Terra executive identified as Han Chang-joon.Kwon will be released after paying $437,,000 or €400,000 in bail but he cannot leave his apartmen...

Terra Luna founder Do Kwon’s bail terms officially accepted by Montenegro court

The Montenegro court accepted the offered bail of $436,000 per person for Do Kwon and his former aide Han Chang-joon. Montenegro has granted approval to the bail terms...

Terra crash anniversary: Community reflects on the lessons learned

The Terra crash anniversary sparks reflections on the importance of liquidity, transparency and user protection in the crypto industry. On the anniversary of the Terra...

Terra Co-Founder’s Trial Date Set, Do Kwon Awaits Extradition

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Terra Founder Do Kwon Faces 40 Years in Jail If Convicted, South Korean Prosecutor Warns

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A year ago today Terra USD began it's depeg from $1. In seven days the price of the stablecoin dropped to $.16 and the price of Luna dropped to . 0001. With both dropping further over the following weeks. Remembering what happened.

A year ago today Terra USD began it's final depeg from $1 with the price sitting at $.9999 after two days of fighting to hold the peg, the price plunged down to $.80 and then $.16 by the end of the week. A year later the price of the unback...

Prosecutor says Do Kwon’s extradition to South Korea would best serve Terraform Labs’ victims: Report

The former Terraform Labs CEO could face 40 years in jail in South Korea, the country where he committed most of his crimes, according to local authorities. South Ko...

Terraform Labs seeks to dismiss class action arguing US laws don’t apply

Federal securities laws only apply in the United States, but the protocols were developed overseas, argues Terraform Labs. Terraform Labs is seeking to have a class a...

Terra Classic Advocates Propose Plan to Re-Establish USTC’s Peg With US Dollar, Token’s Value Surges by Over 9%

Almost 12 months back, terrausd (UST), an algorithmic stablecoin, suffered a detachment from the U.S. dollar, causing the Terra ecosystem to crumble shortly thereafter. At present, supporters of the Terra Classic blockchain community are deliberating...

Seoul Prosecutors Believe Terra Co-Founder Do Kwon Still in Possession of $100 Million Held in Swiss Bank Account

In the wake of the recent legal action against ten associates of Terraform Labs, which included the co-founder Shin Hyun-seong, known to many as Daniel Shin, it appears that prosecutors from Seoul are convinced that Terraform Labs and co-founder Do K...

Terraform Labs Co-Founder Indicted for Terra Stablecoin Collapse

Shin Hyun-seong, co-founder of Terraform Labs, has been indicted along with nine other individuals for the collapse of the Terra stablecoin ecosystem. They are accused of fraud, breach of trust, and embezzlement, with illicit profits of nearly $350 m...

Terraform Labs CEO Asks for Dismissal of SEC Charges

Do Kwon, CEO of Terraform Labs, has requested the dismissal of charges filed by the SEC, arguing that the claims are invalid and that the agency lacked proper jurisdiction. Kwon's counsel stated that Terra's tokens and projects were not specifically...

Terra cofounder Daniel Shin charged with fraud in South Korea as former CEO Do Kwon still detained in Montenegro

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Report: Terraform Labs Co-Founder Indicted on Fraud Charges in South Korea

Recent local reports have brought to light that Shin Hyun-seong, also known as Daniel Shin, co-founder of Terraform Labs, has been indicted by the Seoul Southern District Prosecutors’ Office on charges of fraud. Along with nine others, Shin is...

Terra co-founder Daniel Shin charged with fraud in South Korea

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Terra Co-Founder Daniel Shin, Nine Others, Indicted On Multiple Charges

Summary: 10 persons involved with crashed crypto company Terraform Labs were indicted on multiple charges on Tuesday.Daniel Shin who co-founded Terra alongside Do Kwon was also formally charged, though his lawyers claim Shin left the company in...

Prosecutors: Terra’s Do Kwon Still Have Bitcoin In Swiss Bank, Indicts Daniel Shin - CoinGape

Prosecutors: Terra’s Do Kwon Still Have Bitcoin In Swiss Bank, Indicts Daniel Shin& & CoinGape

Terraform Labs co-founder and nine others indicted in South Korea

The indictment of 10 individuals associated with Terraform Labs, including co-founder Hyun-seong Shin, comes after 11 months of investigation into the collapse of Terra....

South Korean Court Clears Former Terraform Labs CEO of Security Violations

A South Korean court dismissed charges of security violations against former Terraform Labs CEO Hyun-seong Shin, ruling that LUNA is not a security under the country's Capital Markets Act. The court rejected the prosecution's appeal for confiscation...

Cryptocurrencies Price Prediction: Bitcoin,Ripple & Terra– American Wrap 24 April - FXStreet

Cryptocurrencies Price Prediction: Bitcoin,Ripple & Terra– American Wrap 24 April& & FXStreet

South Korean Court Rules Terra Crypto Asset LUNC Is Not a Security

Amidst the allegations against Do Kwon, the co-founder of Terraform Labs, a recent report by the Korean Sunday News has revealed that the Seoul Southern District Court has ruled in favor of LUNA, now renamed LUNC, by stating that it is not a financia...

Do Kwon’s Terra Classic (LUNC) Not A Security: South Korean District Court

Summary: The Terra Classic cryptocurrency created by Do Kwon does not classify as a security, a South Korean District Court ruled in February after a similar ruling back in November last year.South Korean prosecutors requested a judgment from th...

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