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In a stunning twist of events, a group of investors has decided to withdraw their class-action lawsuit against Terraform Labs and its co-founder, Do Kwon, following allegations of fraud. This unexpected development unfolded in a recent filing made on September 28th in the United States District Court for the Northern District of California, leaving many in the cryptocurrency and investment communities perplexed and intrigued.

Amid Terra's ongoing legal battle with the U.S. SEC and the possible conclusion of Do Kwon's sentence in Montenegro, a surprising turn of events unfolded.

Shocking court evidence showcases Do Kwon bragging about making fake transactions ‘indiscernible.'

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.

In a rapidly evolving legal landscape, Terraform Labs and its co-founder, Do Kwon, find themselves at the center of multiple controversies. Amidst the storm, a recent development has caught the attention of many: a group of investors has decided to withdraw their class-action lawsuit against the company and its leadership.

Investors have withdrawn a class-action lawsuit against Terraform Labs (Terra) and its co-founder Do Kwon. The lawsuit alleged crypto assets security fraud, resulting in the loss of investor funds.

The dropping of the suit came amid Terra facing a lawsuit brought by the U.S. Securities and Exchange Commission and Do Kwon possibly nearing the end of his sentence in Montenegro.

Court documents from the SEC show a text exchange where disgraced crypto mogul Do Kwon admitted to planning to generate fake transactions on the Terra blockchain to boost volume and fees.

In the fast-paced world of cryptocurrencies and blockchain technology, trust is paramount. Investors and enthusiasts rely on transparency and integrity within the ecosystem to ensure the safe and ethical operation of projects.

Fallen crypto star Do Kwon reportedly admitted to manipulating trading volumes to attract investors, Slack messages presented by the U.S. Securities and Exchange Commission (SEC) in court as evidence shows.

In the wake of the U.S. Securities and Exchange Commission's (SEC) call to depose Terraform Labs creator and former CEO Do Kwon, the SEC unveiled an alleged exchange between him and his former associate Daniel Shin.

Terraform Labs co-founder Do Kwon is pushing back against the United States Securities and Exchange Commission (SEC) regarding Slack messages presented as crucial evidence in an ongoing legal battle.

In the most recent update, the final class action lawsuit lodged in the United States against Terra (LUNA) and Terraform Labs has been voluntarily dismissed. In a noteworthy development, the recent class action lawsuit brought against Terra (LUNA) in the United States has been voluntarily retracted by the plaintiffs.

Terraform Labs (TFL) received a sliver of good news among controversies. A legal filing dated January 9 revealed that Albright Capital voluntarily dismissed its class-action lawsuit against the company.

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Story Highlights The LUNA price today is . LUNA price might hit a maximum of 0.92 by the end of 2023. Terra LUNA 2.0 price with a potential surge could go as high as $4.59 by the end of 2030.

Terraform Labs' Do Kwon dismisses leaked Slack chats as irrelevant evidence, countering claims of transaction manipulation. The legal team insists on a misinterpretation of messages, emphasizing their irrelevance to the SEC's case.

It seems to be another day in Terra land. The firm is coping with misleading chat history, forged documents claims and whatnot! In this dark backdrop, Terra Classic's (LUNC) price has taken a toll, currently trading below its moving averages and 52-week highs.

Slack conversations between Terraform Labs' co-founders Do Kwon and Daniel Shin have exposed their contemplation of orchestrating fraudulent transactions on the Terra blockchain.

According to a Sept. 22 filing, the co-founders of the now-defunct Terra blockchain project are alleged to have planned to create fraudulent transactions during the project's development.

"I won't tell if you won't," Terra's Do Kwon said, according to SEC documents.

A popular cryptocurrency trader believes that a controversial altcoin project still has potential for growth. Pseudonymous crypto analyst Altcoin Sherpa tells his 196,400 followers on the social media platform X that Worldcoin (WLD) could surge by more than 11% from its current value.

Do Kwon has been summoned by the SEC for an in-person interrogation. Kwon and his legal representatives filed a petition to dismiss the request

The legal representatives of Do Kwon, the co-founder of Terraform Labs, have approached a federal court with a plea to prevent the United States Securities and Exchange Commission (SEC) from interrogating him on American soil regarding the failure of the Terra ecosystem. A recent filing on September 27 revealed that Kwons attorneys argued that its infeasible for the SEC to question him stateside before October 13.