Tag Archives: Luna

CoinspeakerThai SEC Files Legal Charges against Former Zipmex CEO for Alleged Fraud Earlier this month, financial authorities ordered Zipmex Thailand to cease digital asset trading and brokerage services on the platform. Thai SEC Files Legal Charges against Former Zipmex CEO for Alleged Fraud

CoinspeakerTerraform Bankruptcy Protection to Help Appeal SEC Lawsuit, Chris Amani Says Terraform Labs believes that a self-funded Chapter 11 filing is the optimal path forward, providing the necessary breathing room to pursue the appeal, continue its software development business, and sustain LUNA’s value for stakeholders. Terraform Bankruptcy Protection to Help Appeal SEC Lawsuit, Chris Amani Says

The class action was one of the many lawsuits brought against the company last year after the Terra-LUNA fiasco that wiped out billions of dollars as investors watched their funds vanish into thin air within a matter of days.  A federal court in Singapore has denied an appeal to dismiss a class action suit filed against Terraform Labs, the brains behind the former Terra blockchain, and its disgraced co-founder Do Kwon on November 30. According to a Business Insider report, the duo filed a...

The recent price surges seen in both the USTC and LUNC, once again highlight the undying resolve and commitment of the Terra Classic community to bring value to both assets. Algorithmic stablecoin TerraClassicUSD (USTC) has received a massive boost in the last 24 hours, posting over 283% gains within the period. As of publication, CoinMarketCap data showed the USTC price standing at $0.6279, as it continues to make an impressive effort toward reclaiming its peg to the US dollar. Recall...

As part of the deal, Pulsar Finance’s flagship product Portfolio, will undergo integration into Terraform’s Station, a cross-chain wallet. Terra blockchain’s leading developer Terraform Labs announced the acquisition of the cross-chain portfolio management and analytics startup Pulsar Finance. This development arises as Terraform grapples with ongoing legal challenges arising from the demise of the algorithmic stablecoin TerraUSD in May of 2022. A notable legal conflict involves a lawsuit...

The legal battle surrounding Terraform Labs is not without controversy. Terra co-founder Daniel Shin’s lawyer has blamed the “unreasonable operation of the Anchor Protocol and external attacks carried out by Do-hyung Kwon” for the Terra ecosystem’s collapse.  The United States Securities and Exchange Commission (SEC) is not backing down in its pursuit of justice regarding Terraform Labs’ alleged violations. Despite a jury’s conclusion that appeared to show leniency towards Do Kwon, the SEC...

Lawyers representing the investors submitted a notice of voluntary dismissal of the lawsuit against Terraform Labs and Do Kwon in the United States District Court for the Northern District of California. The class-action lawsuits against Terraform Labs and its co-founder Do Kwon alleging fraud, were abruptly withdrawn, leaving the reasons undisclosed. Terraform Labs, renowned for its Terra stablecoin, started operations in 2018. However, a sudden crash in May 2022 occurred when the Terra...

CoinspeakerRobinhood Emerges as Third-Largest Bitcoin Holder with $3B in BTC The emergence of Robinhood as a key BTC holder signifies a potential shift in the digital asset ownership landscape. Robinhood Emerges as Third-Largest Bitcoin Holder with $3B in BTC

CoinspeakerTerraform Labs Denies Motion Seeking Dismissal of SEC Fraud Allegations The implications of this judgment are significant for both Terraform and the broader ecosystem. Terraform Labs Denies Motion Seeking Dismissal of SEC Fraud Allegations

CoinspeakerTerraform Labs: Do Kwon Out, New CEO In However, some experts and analysts are skeptical about Terraform Labs' new efforts and its ability to regain the trust of the crypto community. Terraform Labs: Do Kwon Out, New CEO In