April 18th, 2025
Luna Classic News - Page 2
Thai SEC Files Legal Charges against Former Zipmex CEO for Alleged Fraud
By Chimamanda U. Martha
February 8th, 2024
Earlier this month, financial authorities ordered Zipmex Thailand to cease digital asset trading and brokerage services on the platform.
US Judge Approves Confidential Settlement between BlockFi and 3AC
By Chimamanda U. Martha
February 7th, 2024
With the settlement now approved, BlockFi can proceed with the distribution of assets from the lending estate to its creditors, the primary reason for seeking expedited approval.
Terraform Bankruptcy Protection to Help Appeal SEC Lawsuit, Chris Amani Says
By Godfrey Benjamin
January 31st, 2024
Terraform Labs believes that a self-funded Chapter 11 filing is the optimal path forward, providing the necessary breathing room to pursue the appeal, continue its software development business, and sustain LUNA’s value for stakeholders.
Do Kwon’s Terraform Labs Files for Chapter 11 Bankruptcy amid Legal Woes
By Bhushan Akolkar
January 22nd, 2024
Court documents in Delaware reveal Terraform’s assets and liabilities estimated between $100 million to $500 million, with 100 to 199 creditors.
Disgraced Terra Founder Do Kwon Faces Extradition to US
By Bhushan Akolkar
December 8th, 2023
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.
Court Rejects Appeal to Dismiss Class Action Suit against Terraform Labs and Do Kwon
By Chimamanda U. Martha
December 1st, 2023
The class action was one of the many lawsuits brought against the company last year after the Terra-LUNA fiasco that wiped out billions of dollars as investors watched their funds vanish into thin air within a matter of days.
USTC Sees Over 285% Gains in 24 Hours, Here’s Why Stablecoin Is Surging
By Mayowa Adebajo
November 27th, 2023
The recent price surges seen in both the USTC and LUNC, once again highlight the undying resolve and commitment of the Terra Classic community to bring value to both assets.
Terraform Labs Announces Acquisition of Cross-Chain Protocol Pulsar Finance
By Bhushan Akolkar
November 14th, 2023
As part of the deal, Pulsar Finance’s flagship product Portfolio, will undergo integration into Terraform’s Station, a cross-chain wallet.
US SEC Files Motion for Summary Judgment in Do Kwon Case
By Godfrey Benjamin
November 3rd, 2023
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.
Terraform and Do Kwon Secure First Victory as Investors Drop Class-Action Lawsuit
By Temitope Olatunji
October 3rd, 2023
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.
Robinhood Emerges as Third-Largest Bitcoin Holder with $3B in BTC
By Chimamanda U. Martha
August 28th, 2023
The emergence of Robinhood as a key BTC holder signifies a potential shift in the digital asset ownership landscape.
Terraform Labs Denies Motion Seeking Dismissal of SEC Fraud Allegations
By Godfrey Benjamin
August 1st, 2023
The implications of this judgment are significant for both Terraform and the broader ecosystem.
Arkham Intel Exchange Has Its First Approval on Wallets Belonging to Terra and Do Kwon
By Bhushan Akolkar
July 25th, 2023
The submission by two “on-chain sleuths” includes evidence of wallets owned by Kwon and Terra.
Terraform Labs: Do Kwon Out, New CEO In
By Babafemi Adebajo
July 20th, 2023
However, some experts and analysts are skeptical about Terraform Labs’ new efforts and its ability to regain the trust of the crypto community.
FSB Finalizes Global Regulatory Framework for Crypto
By Darya Rudz
July 17th, 2023
The aim of FSB was to provide a regulatory framework that would comply with the principle of “same activity, same risk, same regulation” and cover all possible risks related to crypto activity.