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.
Do Kwon’s Fraud Victims Exceed One Million: Court Filing
By
Bena Ilyas
The Government estimates that the number of victims of Kwon’s actions exceeds hundreds of thousands and potentially totals more than one million.
Do Kwon Pleads Not Guilty to US Fraud Charges: Major Turn in $40B Collapse
By
Bena Ilyas
Prosecutors allege that Kwon orchestrated a multibillion-dollar fraud that left investors reeling.
Montenegro Court Finally Approves Do Kwon Extradition to United States
Montenegro’s Justice Minister has approved the extradition of Do Kwon to the United States, marking a significant step in holding the Terraform Labs founder accountable for his crimes.
Terraform Labs Warns of Potential Shutdown of Products and Services by October 30
By
Leon Okwatch
The shutdown of Terraform Labs sets an important standard for how bankruptcies are handled in the crypto industry, and will likely influence future bankruptcy cases.
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 Luna Classic Poised for Tax2Gas Upgrade: Can LUNC Reach $1 Again?
By
Leon Okwatch
This change is expected to make transactions smoother for developers and users, potentially attracting more activity to the Terra Luna Classic network.
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 Korean Court Rules Assets of Do Kwon’s Wife Not Subject to Government Confiscation
Evidence has now been presented in court that confirms that Kwon’s wife did use funds from her own virtual asset account to make the initial payment on some of the properties.
Montenegrin PM was One of the Earliest Terra (LUNA) Investors: SEC
A court document from April has revealed that Montenegrin Prime Minister Milojko Spajic was an early investor in the Terra (LUNA).