South Korea’s Supreme Court Declares TerraUSD and Luna Non-Securities
The verdict sets a key precedent that could influence future legal classifications of virtual assets in South Korea.
Terraform Labs Bags Approval to Wind Down Bankruptcy Operations
The Terraform Labs startup is on track to wind down its operations after receiving the approval from Judge Brendan Shannon.
Former Mt.Gox CEO to Launch Transparency-Focused Crypto Exchange EllipX
The crypto industry is currently in a phase where investors prioritize transparency and robust security.
Terraform Labs Transitioning Terra’s Operations to Community Initiatives
By Leon Okwatch
The shift from TFL to community management will significantly impact the Terra ecosystem and the LUNA token.
Terraform Labs Faces Crucial Chapter 11 Hearing on September 19 amid Bankruptcy Crisis
By Bena Ilyas
The $4.5 billion SEC settlement marks one of the largest in crypto history, effectively barring Terraform Labs and its co-founder Do Kwon from the crypto industry.
Terra Blockchain Halts Operations after Suspected Exploit of Astroport tokens, ASTRO Tanks 60%
As a result of the Terra blockchain exploit report and the blockchain suspension, the ASTRO token price collapsed by a staggering 60% from around $0.045 to as low as $0.01313 earlier today.
Terra Blockchain Sees $3M Loss after Vulnerability Attack
Once Terra blockchain discovered the attack, the team launched emergency measures to contain the situation. This helped prevent further damage and ensure that more tokens are not siphoned.
Terraform Labs Sets August 9 Deadline for Bankruptcy Claims
By Leon Okwatch
This deadline for claims is a key part of Terraform Labs’ strategy to handle its financial and legal issues.
South Korea’s Crypto Exchanges Prepare for New Investor Protection Rules
The Digital Asset Alliance, which represents crypto companies, has said it will conduct a proper review of 1,333 altcoins over the next six months.
Luna Foundation Guard’s $95M Asset Transfer Sparks Speculation and Transparency Concerns
Although the reason behind the transfer is not very clear, LFG earlier announced that it is set to move assets toward direct custody to enhance the fund’s security.
Terraform Labs Lawyers Seeks to Reduce Penalty to $1M Instead of $5.3B
Lawyers representing Terraform Labs stated that the SEC should effectively seek the penalty from the Luna foundation Guard (LFG) which is a non-entity in this case as of now.
Binance Co-founder Yi He Confirms CZ’s Positive Regulatory Standing in US
If found guilty by Judge Richard Jones, the former Binance CEO could face up to 10 years in prison, although the sentencing guidelines recommend a jail term of 12 to 18 months.
South Korean Police Arrest Two Persons in $4.1M Crypto Scam
Crypto fraud cases in South Korea are currently on the rise as the industry gains momentum in the country.
Dramatic Twist in Do Kwon’s Extradition Saga: Montenegrin Prosecutors Challenge Court Decision
Since the arrest of Do Kwon, both the United States and South Korea have submitted extradition requests, setting the stage for a legal war between the two countries.
Terraform Labs Co-founder Do Kwon All Set for Extradition to United States
Officials in both the United States and South Korea have been vying for jurisdiction over Do Kwon’s fraud allegations. The Terra co-founder’s extradition timeline remains uncertain.