Terraform

The post Terraform Labs Sparks LUNA and LUNC Price Rally with Key Hearing Date appeared first on Coinpedia Fintech News LUNA and LUNC prices briefly moved upward following a crucial announcement from Terraform Labs. LUNA is trading at $0.3289, reflecting a 0.50% increase, while LUNC climbed 2% to $0.000082. The surge in trading volume suggests growing interest among traders as the company prepares for significant developments. But what’s causing the surge today? Read on. Terraform Labs Sets September 19 for…

The post Three Arrows Capital Takes Legal Action Against Terraform Labs For $1.3 Billion appeared first on Coinpedia Fintech News The troubles for Terra seem unending! Recently, Three Arrows Capital (3AC) filed a $1.3 billion lawsuit against Terraform Labs to recover massive losses from the collapse of Luna and TerraUSD, according to Bloomberg. This lawsuit is linked to the dramatic events of 2022, when Terra’s ecosystem fell apart. Here’s all the key points you need to know. Allegations of Market…

The post Terraform Labs Founder Faces Justice: Do Kwon’s Extradition Confirmed! appeared first on Coinpedia Fintech News South Korea is set to receive Do Kwon’s extradition from Montenegro. The Appellate Court of Montenegro has issued a ruling confirming the decision earlier taken by the High Court of Podgorica to send him to his Native country, Instead of the U.S. Let’s explore the case development for Kwon’s Extradition. The Battle for Kwon’s Extradition After a long legal battle and competition between…

The post Terraform Labs Sets August Deadline for Bankruptcy Claims: Impact on LUNC and USTC Investors appeared first on Coinpedia Fintech News Terraform Labs announced on its official X account that the deadline for filing claims in TFL and TLL’s Chapter 11 bankruptcy lawsuits is August 10 at 09:00 UTC. The business advised Terraform Lab’s claimants to submit their paperwork by this date. Terraform Labs, which created TerraUSD, filed for Chapter 11 bankruptcy with the Delaware bankruptcy court on January…

The post Terraform Labs’ $4.5 Billion SEC Settlement Spurs LFG’s Crypto Transfer appeared first on Coinpedia Fintech News The Luna Foundation Guard (LFG), associated with Terraform Labs (TFL), recently transferred its crypto holdings to a direct custody solution following a significant settlement with the U.S. SEC.  This move has raised questions about the foundation’s financial strategies. Background and Settlement with the SEC Notably, this activity comes shortly after Terraform Labs and its co-founder Do Kwon settled a civil fraud case…

A recent Bloomberg report has revealed that Montenegro’s Prime Minister, Milojko Spajic, personally invested in Terraform Labs years before the company’s collapse. The discovery has raised concerns regarding the founder’s choice to flee prosecution by seeking refuge in the same nation.  The founder of Terraform Labs, Do Kwon, was detained in Montenegro in March 2023 and is currently facing extradition demands from the US and South Korea.  Opposition Calls For Resignation According to Bloomberg, Milojko Spajic has claimed that the…

The SEC accuses Ripple of engaging in practices similar to those of previous violations. A potential SEC appeal could add further twists to the ongoing legal battle. A new development in the continuous legal dispute between Ripple and the U.S. Securities and Exchange Commission (SEC) has seen the SEC react to Ripple’s most recent filings pertaining to the Consent Judgment, as echoed by crypto enthusiast Jack The Rippler. BREAKING: The SEC has responded to @Ripple's letter regarding the TerraForm Labs…

A United States district court judge has signed off on a $4.5 billion settlement between Terraform Labs, Do Kwon and the United States Securities and Exchange Commission.  The settlement effectively bans Terraform Labs and Do Kwon from participating in the crypto industry and also requires the parties to pay $4.5 billion in prejudgment interest, disgorgement, and civil penalties.  US Judge Signs Off On Settlement The settlement, approved by New York District Court Judge Jed Rakoff, carries substantial legal implications. It…

Ripple supports Terraform Labs, calling the SEC’s $4.47 billion penalty unreasonable. Terraform Labs argues its penalty should not exceed $10 million due to financial constraints. Ripple Labs Inc., which is urging the court to overturn the US Securities and Exchange Commission (SEC) settlement fine, is supporting Terraform Labs. The SEC asked on June 12 that Terraform and its creator, Do Kwon, pay $420 million in civil penalties and $3.58 billion in disgorgement. Based on claims that Kwon and his previous…