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 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.
Tether to Invest More Than $1B in Deals Over Next Year
A significant part of Tether’s investment strategy involves AI. The company has already invested more than $1 billion into the sector.
US SEC and Montenegrin Justice Minister Meet to Discuss Do Kwon
The SEC highlighted the progress in Kwon’s extradition case, whose fate has been uncertain for months. The question of whether Kwon will be extradited to the United States or his native South Korea remains unresolved.
Synthetix’s sUSD Stablecoin Loses Its Dollar Peg amid Heavy Sell-Off
The depeg situation of Synthetix’s sUSD has once again highlighted the vulnerabilities within DeFi systems and the impacts of liquidity shifts.
Circle Pursues Global Regulatory Harmony, Tether Allies with Law Enforcement
In the absence of a cohesive regulatory framework, these notable coins have taken divergent paths to navigate the stablecoins landscape.
Top Low Cap Crypto Coins: Exploring the Best Low Market Cap Crypto Gems to Watch in February 2024
By Andy Watson
While Bitcoin remains dominant, innovative crypto coins like ApeMax, Pyth, Immutable, and others, present interesting opportunities, each addressing specific challenges in the blockchain.
Do Kwon’s Terraform Labs Files for Chapter 11 Bankruptcy amid Legal Woes
Court documents in Delaware reveal Terraform’s assets and liabilities estimated between $100 million to $500 million, with 100 to 199 creditors.
SEC Agrees to Postpone Do Kwon and Terraform Trial until US Extradition Expected in March
By Tolu Ajiboye
The Terraform Labs trial has now been postponed until after Do Kwon is successfully extradited to the US from Montenegro.
US Judge Sides with SEC in Ruling Against Do Kwon and Terraform Labs
The Terraform boss was arrested and imprisoned in Montenegro over falsified documents after being on the run to escape his fate as the alleged mastermind behind the collapse of the blockchain.
Disgraced Terra Founder Do Kwon Faces Extradition to US
The Montenegrin Ministry of Justice faces the challenge of reaching a conclusive decision on Kwon Do-hyung’s repatriation by the approaching deadline of December 15.
US SEC Files Motion for Summary Judgment in Do Kwon Case
The legal battle surrounding Terraform Labs is not without controversy. Terra co-founder Daniel Shin’s lawyer has blamed the “unreasonable operation of the Anchor Protocol and external attacks carried out by Do-hyung Kwon” for the Terra ecosystem’s collapse.
FTX Diverted Customer Funds to Buyback Stake from Rival Company Binance
It was disclosed that FTX customers’ money was spent on business investments, political and charity donations, and real estate.
Terraform and Do Kwon Secure First Victory as Investors Drop Class-Action Lawsuit
Lawyers representing the investors submitted a notice of voluntary dismissal of the lawsuit against Terraform Labs and Do Kwon in the United States District Court for the Northern District of California.
OPNX Offers $30M Bailout on Distressed Crypto Firm Hodlnaut in FLEX Tokens
The OPNX exchange would own approximately 75 percent of the Hodlnaut exchange if the deal is approved by the court.