Terraform

The post Terraform Labs Faces Injunction Order To Limit Its Operations Amidst US User Access After SEC Ruling appeared first on Coinpedia Fintech News Terraform Labs, the company headed by criminally charged Do Kwon that caused the million-dollar crypto crash in 2021, announced that it will restrict US users from accessing certain products and features starting next week.  The move is a response to the Securities and Exchange Commission’s injunctions following a court ruling against the firm and its former…

A jury in a New York court has found Do Kwon liable for defrauding investors through the $40 billion crypto disaster orchestrated by Terraform Labs through LUNA and UST cryptos. Terraform Labs said it’s disappointed with the ruling and vowed to fight back, claiming that the SEC has no authority against the company or its founders. Do Kwon and his company Terraform Labs (TFL) are liable for defrauding investors through the $40 billion crypto catastrophe that was LUNA and UST.…

The post SEC WINS – NY Jury Holds Terraform Labs and Founder Do Kwon Liable in Civil Fraud  appeared first on Coinpedia Fintech News A New York jury in Manhattan Federal Court has found the Singapore-based Terraform Labs and its founder Do Kwon, liable for civil fraud charges. The verdict was passed after just two weeks of trial, which held the U.S. Securities and Exchange Commission’s allegations of misleading investors in 2022 as true and made the prosecutors declared as…

Although the US has yet to win the extradition victory against South Korea for Do Kwon, a New York court has already ruled against the fallen former crypto mogul in a legal case launched by the Securities and Exchange Commission. Do Kwon and his crypto brainchild – Terraform Labs – were found guilty of misleading investors in the 2022 crash. The Terra collapse from two years ago was among the loudest in the cryptocurrency industry, which resulted in an investor…

The post Terra vs SEC : Terraform Labs Presents Closing Arguments in Civil Fraud Trial Amidst Allegations of Investor Deception appeared first on Coinpedia Fintech News The trial procedures on civil fraud against Terraform Labs and its founder Do Kwon are coming to an end as attorneys are gearing up to deliver their closing arguments.  The trial initiated and proceeded by the U.S. Securities and Exchange Commission focuses on accusations of wire fraud and scamming investors with TerraUSD, a stablecoin…

Terraform Labs faces SEC trial over alleged crypto fraud, accused of misleading investors about stablecoin stability. The legal battle was delayed till March, with co-founder Do Kwon remaining in Montenegro after the extradition ruling was overturned. Terraform Labs and its co-founder Do Kwon confront the US Securities and Exchange Commission (SEC) in a high-stakes trial. The SEC’s allegations paint Terraform Labs as a central player in a sprawling financial deceit that rocked investors, leading to one of the most significant…

The post Terraform Labs vs. SEC: A Multi-Billion Dollar Crypto Trial Unravels appeared first on Coinpedia Fintech News The SEC has waged a full-blown war with Terra and its ex-founder, Do Kwon. In defense of the right to speak, SEC emphasizes that “this is not a case of technology, trial and error, this is a case of fraud.” While defense lawyers call it a failure. Let’s see what is happening.   A Multi-billion dollar Trial Crypto Begins?  According to a Bloomberg…

Per a Thursday release from a local outlet, the court has dismissed the arrest warrant against TFL executive Yoo Mo. The executive received the warrant on account of his role as head of the Terraform Labs’ business team. Judge Hong Jin-Pyo of the Seoul Southern District Court dismissed the charges but did not extend this treatment to TFL founder Kwon Do-Hyeong.  Judge Deems Yoo Moo’s Arrest Unimportant, Dismisses Warrant A few weeks ago, Seoul’s Southern District Prosecutors Office reopened the…

Says It Is For Information Purposes Only. Terraform’s founder, Do Kwon shared a burn address for Luna Tokens on May 21st contrary to his former plan. Two days later, he has added warnings that people who decide to use the address have nothing to gain, in his own opinion. After the crash of the Terra ecosystem, Do Kwon had made several failed efforts to revive the continuous downward spiral. The most recent of those is the hard fork he proposed.…