How to buy Luna 2.0?
Due to a Luna rebirth, Terra is getting a new lease on life, which has already gone live on the exchanges after a spectacular collapse. A new Terra blockchain was constructed with a Luna (LUNA) coin but without the UST…
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Terraform Labs Files for Chapter 11 Bankruptcy Protection in US
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…
Court Rules In Favor of SEC, Deems TerraUSD, LUNA As Unregistered Securities
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…
SEC Asks Court For Summary Judgment in Terraform Labs, Do Kwon Case
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…
“Six Samurai” Team Proposes Revival Roadmap for Terra Classic
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.
South Korean Court Rules LUNA Token Not a Security
The court stated that it is difficult to view Luna Coin as a financial investment product regulated by the Capital Markets Act.
Terraform’s Do Kwon has no identifiable assets in South Korea, prosecutors state
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
3AC Founder Alleges FTX and DCG for Terra’s Collapse
The founder of 3AC accused the Digital Currency Group of collaborating with FTX to target LUNA in a series of accusations.
Terra Removes UST mention from Official Publicly Released Document
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…
S.Korean Lawmakers want to question Do Kwon Over LUNA Crash
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…
