Tag: LUNC
Attorneys for Do Kwon and Terraform argue that rather than the $5.3 billion suggested by the SEC, sanctions should be closer to $1 million
Attorneys for Do Kwon, the co-founder of Terraform Labs, and the company claim that a fine of about $1 million, rather than the $5.3 billion that the US Securities and…
Terra Luna Classic Proposes Changes to Burn Tax Amid Price Downturn
Terra Luna Classic, a resilient blockchain community, has approved adjustments to its burn tax model in response to dwindling liquidity and sell pressure on the LUNC token. In a recent…
SEC Seeks $5.3 Billion Fine for Terraform Labs and Co-founder Do Kwon
Federal regulators are urging a New York court to impose a hefty fine of $5.3 billion on Terraform Labs and its co-founder, Do Kwon, following their involvement in the 2022…
Montenegro Supreme Court Ruling Alters Course of Do Kwon’s Extradition as NY Civil Case Progresses
The extradition fate of Terraform Labs co-founder Do Kwon has encountered a pivotal turn as the Supreme Court of Montenegro intervened, overturning a decision made by lower courts regarding his…
Terraform Co-founder Do Kwon to Be Released from Jail, to Stay in Montenegro
Do Kwon’s legal situation in Montenegro, where he is being released from prison but remains confined due to facing international criminal charges. This underscores the seriousness of the allegations against…
WEEX joins Terra Classic Luna (LUNC) Burn Program
To reduce the quantity of LUNC in circulation, another cryptocurrency exchange has joined the token burn initiative started by the Terra Luna Classic community. WEEX, a Singapore-based cryptocurrency futures trading…
US Department of Justice Appeals Montenegro Court’s Decision on Do Kwon’s Extradition
In a twist of legal events, the U.S. Department of Justice (DOJ) has opted to challenge the recent Montenegrin high court ruling favoring the extradition of Do Kwon, the former…
Former Terraform Labs CFO Extradited to South Korea: Unraveling the Aftermath
In a significant turn of events, Han Chang-joon, the former Chief Financial Officer of Terraform Labs, has been extradited to South Korea by Montenegrin Police following the completion of his…
Montenegro Court Reverses Decision on Do Kwon’s Extradition Amid Legal Controversies
In a significant legal turn, the Appellate Court of Montenegro has revoked the extradition approval for Do Kwon, the founder of Terraform Labs, citing procedural irregularities in the November decision….
LUNC Burning mechanism – The strategy for a possible price surge
The burn mechanism has been the common strategy adopted by cryptocurrencies to reduce the risk of inflation and to promote long-term investment. Terra Luna Classic (LUNC) has used the burn…