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Terraform Labs and its founder, Do Kwon, have reached a tentative settlement with the U.S. Securities and Exchange Commission (SEC).

Do Kwon appears to have reached a preliminary settlement with the U.S. Securities and Exchange Commission (SEC). In April, a jury found Kwon and Terraform Labs liable for defrauding investors regarding the stability of the algorithmic stablecoin Terra USD, which de-pegged and collapsed in 2022, causing crypto prices to plummet across the board.

Volatility in the cryptocurrency market is the order of the day, and Terra Luna Classic (LUNA) has stood out as one of its most captivating narratives. After declining massively in 2022, Terra Luna is trying to make a comeback in 2024.

Terra blockchain's native LUNA tokens soared Friday amid reports that Terra founder Do Kwon and Terraform Labs had struck a tentative settlement with the U.S. Securities and Exchange Commission (SEC) in their civil fraud case.

Luna Foundation Guard transferred millions worth of AVAX and BNB tokens to an unknown wallet. The fund plans to boost the security transition of multi-sig wallets.

The Luna Foundation Guard has stirred discussions with its massive transfers involving Binance Coin (BNB) and Avalanche (AVAX). Arkham Intelligence data shows an LFG-linked address moved AVAX tokens worth $72.51 million, 1,974,000 tokens, and BNB worth about $23.64 million, 39,499 coins, to anonymous wallets.

The Luna Foundation Guard (LFG) has transferred approximately $95 million in crypto to a new wallet, aligning with recent plans to enhance fund security. On-chain data from blockchain Arkham Intelligence showed that the Foundation shifted 1.974 million Avalanche's AVAX token, valued at $71.2 million, and 39,500 BNB, approximately $23.

After a prolonged period of stagnation, LUNA experienced a resurgence in investor interest on May 30, 2024. This upward momentum coincides with the announcement that Terraform Labs and Do Kwon have agreed to settle the fraud charges brought against them by the SEC.

TL;DR Large Altcoin Transfer: The Luna Foundation Guard (LFG) made a significant transfer of altcoins, sending millions in Avalanche (AVAX) and Binance Coin (BNB) to a new address. This move has raised questions due to its timing following a preliminary agreement with the SEC.

Terra founder Do Kwon and Terraform Labs reached a tentative settlement with the SEC in their civil fraud case Thursday.

With the meme coins taking a pause after massive price jumps, the low cap altcoins are gaining momentum. Amidst such market conditions, the Terra tokens display a gradual rise in bullish momentum in a rising channel.

Terraform Labs and Do Kwon have reached a settlement in principle with the SEC in a civil fraud case, with the terms expected to be finalized by June 12, while Kwon continues to face criminal charges and extradition proceedings in Montenegro.

The U.S. Securities and Exchange Commission and Terraform Labs, along with Do Kwon, have reached a preliminary settlement concerning charges of misleading investors about TerraUSD.

LUNA price analysis: After an extended period of stagnation, LUNA had some renewed interest from investors on May 30, 2024. This pump comes shortly after Terraform Labs and Do Kwon agreed to settle the fraud case with the United States Securities and Exchange Commission (SEC).

Luna Foundation Guard (LFG) recently made significant moves with its cryptocurrency holdings, transferring a total of $94.7 million worth of assets. According to data from Arkham, a blockchain data monitoring platform, LFG transferred 1.974 million AVAX (approximately $71.19 million) and 39,499 BNB (around $23.5 million) to a new address starting with “0x134” just 15 minutes

Terraform Labs and its co-founder, Do Kwon, have reached a “settlement in principle” with the U.S. Securities and Exchange Commission (SEC) in a civil fraud case.

The Luna Foundation Guard (LFG) transferred 1.974 million AVAX ($71.2M) and 39,499 BNB ($23.

The settlement is likely to include fines and limits on Kwon's future financial activity. Kwon's legal troubles are far from over with this settlement.

Singapore-based Terraform Labs and its founder, Do Kwon, have reached a “tentative settlement” with the US Securities and Exchange Commission (SEC) in a high-profile civil fraud case, as reported by Reuters.

Singapore-based Terraform Labs and its founder, Do Kwon, have reached a settlement agreement with the SEC to end the civil lawsuit filed in the US over allegations of defrauding crypto investors.

Terraform Labs, the startup led by Do Kwon and responsible for the collapsed LUNA cryptocurrency and TerraUSD (UST) stablecoin, has agreed in principle to settle with the United States Securities and Exchange Commission (SEC) over fraud charges. News of the tentative settlement was first reported by Reuters.

Do Kwon and Terraform Labs have settled fraud charges with the SEC over their involvement with LUNA and TerraUSD

Terraform Labs and Do Kwon have "reached a settlement in principle," with the SEC, according to a court entry.

Singapore-based Terraform Labs and its founder Do Kwon have reportedly reached a preliminary settlement with the U.S. Securities and Exchange Commission (SEC) after being accused of misleading cryptocurrency investors before the 2022 collapse of terrausd (UST), the project's now-defunct algorithmic stablecoin.