Tag: Terra Luna
While going through bankruptcy, Terraform Labs is going to sell four companies
The four companies that Terraform Labs is trying to sell include the no-code decentralized autonomous organization (DAO) administration platform Enterprise, the cryptocurrency wallet platform Station, the portfolio tracking platform Pulsar…
Terraform consents to pay the SEC a proposed judgment of $4.47 billion
Following a settlement with the U.S. Securities and Exchange Commission about its algorithmic stablecoin that experienced a sharp decline in value in 2022, Terraform Labs consented to pay $4.47 billion…
Terra Coins Rise Following Do Kwon SEC Settlement, LUNA and LUNC
Following the announcement that Terraform Labs and its creator, Do Kwon, have reached a provisional settlement with the U.S. Securities and Exchange Commission (SEC), cryptocurrencies associated with the Terra ecosystem…
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…