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Nalezeno "terraform": 316

SEC Says XRP Ruling in Ripple Case ‘Wrongly Decided’ — Signals Appeal


The U.S. Securities and Exchange Commission (SEC) has told a federal court that some portions of the Ripple ruling regarding XRP “were wrongly decided.” The regulator has asked the court to ignore parts of the ruling, noting that “SEC staff is considering the various available...

Terraform Labs Appoints New CEO While Co-Founder Remains in Jail 


Terraform Labs appointed a new chief executive officer following Do Kwon’s resignation on March 31, 2023. In a Wall Street Journal interview, the interim CEO, Chris Amani, discussed his team’s “vision” for rescuing the beleaguered blockchain project. Terraform Labs Finds...

Terraform Labs Seeks Data from FTX Wallets for SEC Lawsuit Defense


Terraform Labs, the development firm behind Terra network and the failed stablecoin TerraUSD (USTC), is seeking permission from a court to get access to data from the bankrupt crypto exchange FTX. According to Terraform Labs, the failure of its UST stablecoin was the result of an attack by large...

Six Samurai: Anonymous Developers Seek to Revive Terra Classic Ecosystem


While the co-founder of Terraform Labs has been sentenced to four months in jail in Montenegro, a team of six anonymous developers have been attempting to revive the Terra Classic ecosystem after its collapse in May 2022. The six programmers, known as the “Six Samurai,” wholeheartedly...

US Judge Considers if Crashed Coins of Terraform Labs Were Securities


A judge in the United States considered on Thursday whether the cryptocurrencies created by Terraform Labs were securities. The failed blockchain firm and its founder, Do Kwon, have asked the court to dismiss a case filed by the U.S. Securities and Exchange Commission (SEC) alleging that they...

Do Kwon Moved $29 Million Worth of Coins Since Arrest, Prosecutor Says


Founder of Terraform Labs, Do Kwon, has withdrawn millions of dollars in crypto from an entity linked to his failed blockchain firm, investigators claim. South Korean authorities are now trying to locate the digital assets that have been allegedly transferred since his arrest in Montenegro...

Terraform Labs’ Do Kwon’s Bail Revoked in Montenegro Court: Bloomberg


A court in Montenegro has repealed a lower court’s decision under which to release Terraform Labs co-founder Do Kwon on bail, according to Bloomberg News.  A court spokesperson said a high court in Montenegro’s capital overturned the earlier decision and Kwon remains in jail, Bloomberg reported. ...

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