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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.
Manhattan Judge Paul Engelmayer has postponed a court hearing for former Terraform Labs CEO Do Kwon, allowing both sides more time to review new evidence.
A Manhattan federal judge has pushed back the United States government's case against former Terraform Labs chief executive Do Kwon. The post US Case Against Do Kwon Delayed as Prosecutors Review Massive New Evidence Trove appeared first on Cryptonews.
It seems like Do Kwon's fate is set in stone! Terraform Labs co-founder Do Kwon's U.S. court hearing has been postponed after prosecutors uncovered a massive trail of new evidence. Originally set for March 6, the hearing will now occur on April 10, giving both sides more time to review the findings.
The next hearing in the US government's case against Terraform Labs co-founder Do Kwon has been delayed until April after prosecutors said they found another four terabytes of evidence.
A US federal court has postponed a key hearing in the case against Terraform Labs co-founder Do Kwon after prosecutors submitted an extensive amount of new evidence, significantly broadening the case.
XRP lawyer John Deaton has accused the US Securities and Exchange Commission (SEC) of targeting legitimate crypto companies while ignoring actual fraudsters like Sam Bankman-Fried (SBF) and Do Kwon in a post on X today.
South Korea's Supreme Court has upheld a lower court ruling that TerraUSD and LUNA tokens aren't considered financial investment products under the Capital Markets Act, as reported by Korean newspaper Etoday ¹. This decision means TerraUSD and LUNA can't be classified as regulated securities, which will impact ongoing legal proceedings against Terraform Labs executives, including co-founder Shin Hyun-Seong. The post Collapsed TerraUSD and LUNA Not Financial Investment Products: South Korea's Supreme Court Rules appeared first on Cryptonews.
The verdict sets a key precedent that could influence future legal classifications of virtual assets in South Korea.
South Korea's Supreme Court has sided with lower courts in deciding that TerraUSD and LUNA do not meet the criteria for financial investment products.
