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Terraform labs, the Singapore-based company behind the Terra blockchain and its associated cryptocurrencies TerraUSD and Luna, is launching a crypto asset loss claim portal on March 31—claims to be submitted by April 30. On Mar. 28, Terraform labs announced that…
BTC
Bitcoin
News
South Korea’s Supreme Court has sided with lower courts in deciding that TerraUSD and LUNA do not meet the criteria for financial investment products. Korea‘s Supreme Court has ruled that the collapsed stablecoin TerraUSD (USTC) and its sister token Terra…
News
Minister of Justice Bojan Božović approved extraditing Terraform Labs founder Do Kwon to the United States.
News
Montenegro’s Constitutional Court has rejected an appeal by crypto mogul Do Kwon, paving the way for a decision on his extradition to either the U.S. or South Korea. Do Kwon, founder of Terraform Labs, has lost his appeal in Montenegro’s…
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Markets
Terra Luna Classic’s price rose for the second consecutive day as token burn activity accelerated this week. Terra Luna Classic (LUNC), the remnant of the collapsed Terra network, reached an intraday high of $0.00009217, bringing its market cap to $500…
LUNC
Terra Luna Classic
BTC
Bitcoin
News
On Sept. 19, Terraform Labs, the company behind the Terra blockchain protocol, gained court approval to wind down its operations as part of its bankruptcy proceedings. During a pivotal hearing on Thursday, U.S. Bankruptcy Judge Brendan Shannon approved the firm’s…
News
Liquidators of the defunct crypto hedge fund Three Arrows Capital are reportedly pursuing a claim of at least $1.3 billion from TerraForm Labs. According to an Aug. 12 report by Bloomberg, the claim stems from 3AC’s losses following the 2022…
LUNA
Terra
News
Montenegro’s Supreme Court has delayed the extradition of Do Kwon, the controversial founder of Terraform Labs, to South Korea. The decision comes after the Supreme State Prosecutor’s Office filed a request for a legal review on August 2. The office…
News
On August 1, the Court of Appeal of Montenegro upheld a decision to extradite Do Kwon to South Korea, denying the U.S. its extradition request and reportedly making a ‘final’ decision. Kwon, a South Korean national, is implicated in a…
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LUNC
Terra Luna Classic
News
Fresh U.S. court filings have revealed that Montenegro’s Prime Minister Milojko Spajic personally invested in fugitive Do Kwon’s Terraform Labs crypto project
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Terra
News
South Korean prosecutors have found new evidence alleging that Terra founder Do Kwon conspired with former Chai CEO Shin Hyun-Sung to deceive investors with fake transactions. Terraform Labs co-founder Kwon Do-Hyeong, a central figure in the collapse of the Terra…
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Terra
LUNC
Terra Luna Classic
News
Terraform Labs plans to dissolve, leaving the Terraform community to monitor the blockchain ecosystem. In the wake of a $4.47 billion settlement with the SEC, Terraform Labs has announced plans to dissolve, leaving the blockchain’s future in the hands of…
News
Terraform Labs agreed to pay a bigger penalty than the fine the U.S. Justice Department levied on crypto exchange Binance.Â
News
The U.S. Securities and Exchange Commission and Terraform Labs, along with Do Kwon, have reached a preliminary settlement concerning charges of misleading investors about TerraUSD. Singapore-based Terraform Labs and its founder Do Kwon have reached a tentative settlement with the…
LUNC
Terra Luna Classic
News
Lawyers for Terraform Labs co-founder Do Kwon appealed the Supreme Court of Montenegro's decision to extradite the entrepreneur.
News
Regulators in the United States are seeking $5.3 billion in fines from Terraform Labs and its co-founder, Do Kwon, following a verdict in its civil case. According to an April 19 filing with the U.S. District Court for the Southern…
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