Bitcoin News / Bitcoinist - 6 months 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 - 6 months 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 - 6 months 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 - 6 months 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 - 6 months 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 - 6 months 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 - 6 months 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 - 6 months ago
Analyst: Bitcoin to hit $650k; Terra Classic pool balance hits 5B as NuggetRush gains momentum& & crypto.news
Cryptocoins Exchanges / CEX.IO - 7 months 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 - 7 months 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 - 7 months 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...
by COINS NEWS - 7 months ago
submitted by /u/Kcody949 [link] [comments]
Bitcoin News / Bitcoin.com - 7 months 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)....
by COINS NEWS - 7 months ago
submitted by /u/Beyonderr [link] [comments]
Bitcoin News / Bitcoin.com - 7 months 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 - 7 months 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 - 7 months 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 - 7 months 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 - 7 months 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...
by COINS NEWS - 7 months ago
submitted by /u/EvilOne__ [link] [comments]
Cryptocoins News / Finance Magnates - 7 months ago
The authorities in Montenegro released the Co-Founder of Terraform Labs, Do Kwon, from prison last Saturday as his extradition to South Korea was scrapped by the country's Supreme Court, according to a Bloomberg report. However, he cannot leave Monte...
Cryptocoins News / Finance Magnates - 7 months ago
The extradition of Terraform Labs’ Co-Founder, Do Kwon, to South Korea has hit a roadblock as Montenegro’s Office of the Supreme State Prosecutor challenged against the court order yesterday (Thursday).Another Twist in Do Kwon’s ExtraditionThe countr...
Cryptocoins News / Finance Magnates - 7 months ago
A court in the Balkan country of Montenegro has rejected the appeal of cryptocurrency firm Terraform Labs’ Co-Founder, Do Kwon, to block his extradition to South Korea. This decision has sealed the transfer of custody of Kwon to authorities in South...
Bitcoin News / Bitcoin.com - 8 months ago
Despite Montenegro’s High Court ruling for Do Kwon’s extradition to South Korea, the U.S. is not backing down. “The United States continues to seek Kwon’s extradition in accordance with relevant international and bilateral agreement...
Cryptocoins News / Blockchain - 8 months ago
South Korea intensifies efforts to extradite Terraform Labs CEO Do Kwon by seeking INTERPOL's cooperation after a Montenegrin court rejects U.S. extradition. (Read More)
