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Do Kwon’s extradition to go back to Montenegro High Court after appeal
24.5.2024
Since his arrest in March 2023, Do Kwon has been in Montenegro. He could be extradited to either his native South Korea or the United States to face fraud charges
Montenegrin Justice Minister discussed Do Kwon’s case with SEC
23.5.2024
The Terraform Labs co-founder was still in Montenegro as his lawyers and the courts considered requests for extradition to the U.S. or South Korea
Terra Luna Classic Price Prediction as Binance Burns 59 Billion Tokens – $10 LUNC Incoming?
17.5.2024
LUNC has declined by 1% in the past 24 hours, with the Terra Luna Classic price dropping $0.000108 as the wider crypto market gains by a very slight 0.5% today.
The post Terra Luna Classic Price Prediction as Binance Burns 59 Billion Tokens – $10 LUNC Incoming? appeared first on Cryptonews
Terra Luna Classic Price Prediction as LUNC Rallies 4% Despite Failed Governance Proposal – Can It Sustain the Momentum?
8.5.2024
The Terra Luna Classic price (LUNC) has bounced 4% on Wednesday, despite a governance proposal to prevent double network validating falling flat and a stagnant tone to trade across the broader crypto market.
The post Terra Luna Classic Price Prediction as LUNC Rallies 4% Despite Failed Governance...
SEC pushes back against Terraform’s claims fraud happened outside US
7.5.2024
Lawyers for the commission cited several examples of Do Kwon touting UST to U.S. investors and Terraform’s former communications head making false claims about the stablecoin
Terraform claims SEC offered ‘no evidence’ for $4.7B in disgorgement
2.5.2024
Lawyers for the firm claimed that any alleged losses caused by the platform’s or Do Kwon’s actions happened outside the United States, beyond the SEC’s authority in the civil case
US Court to hear proposed remedies from Terraform Labs, Do Kwon in May
30.4.2024
The SEC proposed that Do Kwon and Terraform pay roughly $5.3 billion in disgorgement, prejudgment interest and civil penalties, while the firm’s team suggested only $1 million
Terraform Labs And Do Kwon Push For $1 Million SEC Fine Opposed To $5.8 Billion Demanded After Terra-Luna Crash
30.4.2024
Lawyers for Terraform Labs and its founder Do Kwon are pushing for a fine of $1 million as opposed to the United States Securities and Exchange Commission (SEC)’s proposed $5.3 billion, new court docs reveal. Kwon and the crypto company were found liable for the Terra-Luna collapse by a jury trial...
Terraform proposes $1M penalty for SEC case, no relief or disgorgement
29.4.2024
Lawyers for Terraform claimed that seeking disgorgement from the platform would involve the Luna Foundation Guard, a “non-party” in the SEC’s civil case
Terra LUNA Classic Price Prediction as Community Revises Burn Tax – Can LUNC Reach $100?
27.4.2024
The Terra LUNA Classic (LUNC) price has failed to push to the north of its 21DMA and is reversing lower, despite the community revising the token’s burn tax.
The post Terra LUNA Classic Price Prediction as Community Revises Burn Tax – Can LUNC Reach $100? appeared first on Cryptonews
Do Kwon appeals Montenegrin court decision, claiming ‘unfounded and illegal’ interpretation
24.4.2024
The question of the Terraform co-founder’s extradition to either the U.S. or South Korea has been bouncing between lower and higher courts in Montenegro for months
Do Kwon And Terraform Labs Hit With $5.3 Billion Penalty From SEC in Terra-Luna Case
23.4.2024
Terraform Labs and its founder Do Kwon have been hit with a $5.3 billion from the SEC, April 19th court documents reveal. News of the latest legal filing from the SEC comes just weeks after they won a landmark civil trial against Kwon for the $40 billion crash of Terra-Luna.
The post Do Kwon...
Stablecoin Market Hits $160 Billion, Reaching Heights Not Seen Since Terra’s Crash
22.4.2024
This week, the value of the fiat-pegged cryptocurrency economy has climbed to $160 billion, a peak last observed in May 2022, shortly before Terra’s UST detached from its intended $1 parity on May 9, 2022. In the past month, various stablecoins have experienced an increase in supply, with...
New Stablecoin Bill Faces Criticism for Stifling Innovation and Breaching First Amendment
20.4.2024
A new bill co-sponsored by Senators Cynthia Lummis and Kirsten Gillibrand, aimed at regulating stablecoins, has drawn criticism for potentially stifling innovation and breaching First Amendment rights. The bill includes a provision that bans all “algorithmic payment stablecoins,” which...
Terra Luna Classic Price Prediction as $30 Million Trading Volume Comes In – Can LUNC Reach $1 in 2024?
19.4.2024
LUNC has gained by 3.5% in the past 24 hours, with the Terra Luna Classic price reaching $0.0001013 on a day of recovery for the crypto market as a whole.
The post Terra Luna Classic Price Prediction as $30 Million Trading Volume Comes In – Can LUNC Reach $1 in 2024? appeared first on Cryptonews
Could Stablecoin Ethena (USDe) Collapse Like Terra LUNA? CryptoQuant Investigates
18.4.2024
Ethena (USDe) needs a sufficient reserve fund to stay solvent as its market cap grows, analysts say.
The post Could Stablecoin Ethena (USDe) Collapse Like Terra LUNA? CryptoQuant Investigates appeared first on Cryptonews
Terra Luna Classic as LUNC Plummets 30% in a Month – Is It Going to Zero?
12.4.2024
Terra Luna Classic has dropped by 1.5% in 24 hours, with its fall to $0.0001288 also representing a 4% loss in a week.
The post Terra Luna Classic as LUNC Plummets 30% in a Month – Is It Going to Zero? appeared first on Cryptonews
Ethena Labs Divides Opinion as High Yield Stirs Memories of Terra
12.4.2024
"A lot of things can go wrong," in Ethena's yield-generation strategy, said Folkvang CEO Mike van Rossum
South Korea’s April 10 Election: What’s at Stake for the Crypto Universe
9.4.2024
On April 10, 2024, South Korea is heading into its legislative polls which will see multiple parties and coalitions battle it out for 300 seats in the national assembly and political analysts say it will be difficult for either party to get a majority, making any group of voters, including crypto...
Do Kwon Extradition Case Sent Back To Lower Court In Montenegro
6.4.2024
The fate of Terra founder Do Kwon's extradition returns back to a lower court as a jury finds him guilty of fraud following the Luna crash of 2022.
The post Do Kwon Extradition Case Sent Back To Lower Court In Montenegro appeared first on Cryptonews