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Galaxy Digital faces a $200M fine for manipulating Luna's market, highlighting deceptive practices and raising concerns about transparency and accountability in the cryptocurrency industry. The post Galaxy Digital Fined $200M for Luna Manipulation and Fraud appeared first on Cryptonews.
Galaxy Digital has reached a $200 million settlement with the New York Attorney General (NYAG), following allegations the firm failed to disclose its financial interests while promoting the now-collapsed LUNA cryptocurrency. What Happened: The agreement, revealed through a state filing, resolves a case brought under the Martin Act and Executive Law, Axios reported.
Galaxy Digital has reportedly agreed to a $200 million settlement with the NYAG over allegations of promoting LUNA without transparency.
TL;DR Claims Portal Launched: Terraform Labs opens a Crypto Loss Claims Portal on March 31, 2025, for creditors impacted by the TerraUSD collapse. Submission Deadline & Requirements: Creditors must file claims with verified proof of ownership by April 30, 2025, using methods tailored to where their assets were held.
Galaxy reported profit of $174 million and $365 million for Q4 and the full year of 2024, respectively
Terraform Labs, the bankrupt firm behind the failed TerraUSD (UST) stablecoin, has launched a crypto claims portal. This platform is designed to compensate users affected by the project's dramatic crash in 2022.
A legal filing from this morning accuses the firm of manipulating the price of luna, the token tied to the now-failed algorithmic stablecoin Terra.
The New York Attorney General's office and Galaxy Digital agreed to end a TerraLUNA-related lawsuit with a $200 million settlement.
Michael Novogratz's Galaxy Digital has agreed to a $200 million settlement with the New York Attorney General's (NYAG) office. Allegedly, Galaxy Digital violated the Martin Act and New York Executive Law by promoting LUNA.
Galaxy Digital, a digital assets investment firm founded by Michael Novogratz, has agreed to a $200 million settlement with the New York Attorney General's Office (NYAG). Per Axios, the settlement relates to alleged misconduct by Galaxy Digital, which is accused of heavily promoting the LUNA token before its catastrophic collapse in 2022.
Terraform Labs announced on March 28 the open date for its Crypto Loss Claims Portal.
Terraform Labs has launched a claims portal for TerraUSD collapse victims, allowing creditors to submit claims by April 30, 2025.
Terraform labs, the Singapore-based company behind the Terra blockchain and its associated cryptocurrencies TerraUSD and Luna, is launching a crypto asset loss claim portal on March 31—claims to be submitted by April 30. On Mar.
Michael Novogratz's Galaxy Digital will pay $200 million over allegations it promoted LUNA while selling millions of tokens at a profit before the token's collapse.
Terraform Labs has launched an official claims portal for victims of the TerraUSD (UST) collapse, enabling creditors to seek compensation for their crypto losses linked to the failed Terra ecosystem. The move follows the company's court-approved bankruptcy wind-down plan and a $4.47 billion settlement with the US Securities and Exchange Commission (SEC). Terraform's portal, claims.terra.
Terraform Labs announced that its Crypto Loss Claims Portal will open on March 31, 2025, as part of its effort to manage creditor claims following the 2022 UST collapse. The post Terraform Labs Creditors Can File Crypto Loss Claims from March 31 appeared first on Cryptonews.
Terraform Labs is opening a claims portal for victims of the TerraUSD collapse, offering a chance for creditors to recover their losses after the company's bankruptcy, the company announced on Friday. The Crypto Loss Claims Portal opens on March 31, 2025, at claims.terra.money. Creditors have until April 30, 2025, at 11:59 p.m.
The claims portal's launch highlights ongoing challenges in crypto accountability and may influence future regulatory frameworks and investor trust. The post Terraform Labs opens claims portal for creditors to address crypto losses appeared first on Crypto Briefing.
LUNA's price is holding steady, but can it explode back to $10? Find out what the charts say and whether a breakout is coming soon.
Former Binance CEO Changpeng Zhao (CZ) has hinted at some exciting details about his upcoming book, revealing that he contemplated a possible connection between FTX, Three Arrows Capital (3AC), and the infamous Terra (LUNA) crash of 2022.
A judge at the Manhattan federal court granted a delay in a status conference planned for Do Kwon, the embattled co-founder of Terraform Labs.
Do Kwon's legal saga continues to intensify as new developments emerge.
The legal troubles of Do Kwon are far from over. A US federal judge has postponed his court hearing, originally set for March 6, after prosecutors uncovered a massive amount of new evidence.
Do Kwon's US court hearing has been postponed to April 10 as prosecutors review 4 terabytes of new evidence in the Terra collapse fraud case.
