Key Takeaways Terraform Labs, the firm at the center of the TerraUSD (UST) collapse, has entered Chapter 11 bankruptcy protection in the United States, seeking solace as it faces a cascade of legal challenges. The Singapore-based company, co-founded by crypto…
Key Takeaways In a groundbreaking decision, U.S. District Judge Jed Rakoff ruled in favor of the Securities and Exchange Commission (SEC), confirming that Terraform Labs and its founder, Do Kwon, engaged in the offering and sale of unregistered securities. The…
Key Takeaways In a recent legal development, the United States Securities and Exchange Commission (SEC) is contesting the conclusions reached by a jury in the case involving alleged violations by Terraform Labs. The SEC now seeks a summary judgment on…
The team's L1 roadmap includes migrating from Columbus-5 to Columbus-6 and upgrading to the Cosmos SDK. Additionally, they are keen to secure a listing for Terra Classic on Keplr's Web Interface, a web tool offering analytical visualizations.
The court stated that it is difficult to view Luna Coin as a financial investment product regulated by the Capital Markets Act.
Do Kwon allegedly converted his illicit funds into Bitcoin through an overseas crypto asset exchange, making it impossible for South Korean authorities to recover or freeze his property
The founder of 3AC accused the Digital Currency Group of collaborating with FTX to target LUNA in a series of accusations.
Key Takeaways Earlier, the official documentation included a promise that noted 1 UST can always be burned to redeem $1 of LUNA. The new official documentation only mentions LUNA. Terra’s official retail-facing documentation has now removed all mentions of stablecoins…
Key Takeaways Terra’s native assets LUNA and UST have been de-pegged. South Korean lawmakers want to question Do Kwon on this issue. The National Assembly’s Political Affairs Committee conducted a meeting to discuss the network’s damage. The native assets LUNA…
Key Takeaways Binary Futures will execute automatic settlements and delist the Coin-Margined LUNA perpetual contracts. The USDT-Margined LUNA Perpetual Contracts’ leverage and margin levels will be adjusted. All existing positions will remain the same. Each tier’s maximum leverage and beginning…
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