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In a fresh move exemplifying the global reach of the United States regulatory enforcement, the Securities and Exchange Commission (SEC) is again crossing international borders, this time to South Korea.

U.S. District Judge Jed Rakoff has granted the Securities and Exchange Commission (SEC) to engage the South Korean government's cooperation in questioning Daniel Shin, the co-founder of Terraform Labs, and in gathering evidence from Chai Corp., a payments company.

Story Highlights 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. The current price of LUNA is .

The US Securities and Exchange Commission (SEC) got approval to ask South Korea for help in talking to Daniel Shin, a co-founder of Terraform Labs. The SEC is making a case against Terraform Labs and its other co-founder, Do Kwon.

US SEC can seek assistance from the South Korean government to question Daniel Shin, co-founder of Terraform Labs Read more

The SEC seeks to question Daniel Shin on Do Kwon and Chai Corporation's relationship with Terraform Labs.

Terra Classic (LUNC) and Terra (LUNA) prices fell more than 10% in the last 24 hours. The Terra Luna Classic community believes that the selloff happened in response to the community rejecting prominent member LUNC DAO's proposal to lead the chain and influencer Classy Crypto selling his validator to LUNC DAO.

The SEC's handling of the Green United case offers insights into its potential approach to Coinbase's motion to dismiss, emphasizing the significance of the "major questions doctrine" in cryptocurrency lawsuits.

GCR likely bought 450,000 MOON at an average price of 40 cents-45 cents, Loch Research's Prithvi Jhaveri said.

Recent findings indicate that Terraforms Labs and its co-founder Do Kwon are transferring Bitcoin and other digital currencies worth a significant amount. This action has sparked curiosity among experts who wonder if Kwon is gathering funds for legal defenses.

In a new development, a trader who placed a substantial $10 million bet against LUNA in May 2022 before the then native currency and UST—the algorithmic stablecoin, collapsed is now setting his sight on Reddit Moons. Going by the moniker “GCR,” on-chain data on August 8 showed the trader moved 450,000 MOON from MEXC Exchange to Kraken.

Terra Luna has seen the successful approval of community proposals 11658 and 11660, authorizing the retrieval and subsequent incineration of a total of 800 million USTC. The prevailing sentiment within the community leans towards directing these USTC tokens towards the burn address as opposed to reintegrating them into the community pool.

The ongoing legal battle between Ripple and XRP has found a new arena: the Terra Luna trial in Korea. This trial, with its focal point on security status concerns, is witnessing an intricate twist as prosecutors strategically incorporate the Ripple-XRP legal discourse to bolster their case.

In a series of significant developments, Terraform Labs (TFL) and its co-founder Do Kwon have been involved in Bitcoin transactions worth millions, raising eyebrows and attracting regulatory attention. On-chain data has revealed movement of substantial amounts of BTC linked to Luna Foundation Guard (LFG), and the US Securities and Exchange Commission (SEC) has filed a lawsuit, adding to the legal woes faced by the cryptocurrency firm.

In a strategic move, prosecutors in the Terra-Luna crash trial are set to wield the Ripple and XRP legal battle as a decisive tool in substantiating their case. The trial, centering around security status concerns, is witnessing an intriguing twist as authorities leverage U.S. court judgments to support their arguments.

Terraform Labs (TFL) and co-founder Do Kwon have moved Bitcoin and other crypto assets worth millions in the past few months. Do Kwon's affiliates have started selling BTC linked to Luna Foundation Guard after transferring 5292 bitcoins to another wallet last month, according to on-chain data confirmed by a South Korean news outlet.

Founder of Terraform Labs, Do Kwon, moves large amounts of BTC while imprisoned in Montenegro — accomplices in control of bitcoins.

In a significant development in the blockchain world, the community has voted unanimously in favor of a proposal to re-enable inter-blockchain communication (IBC) between Crescent and Terra Luna Classic. This decision comes as a result of Proposal 271, aptly titled “Re-enable IBC Client to Terra Classic.

Do Kwon – the nefarious founder of the now failed stable coin company Terraform Labs – will spend the next four months behind bars in Montenegro after he was detained at one of the nation's airports with forged documents and phony passports.

Stablecoin issuer Terraform Labs' motion to dismiss a lawsuit from the U.S. Securities and Exchange Commission (SEC) was denied by a federal judge on Monday. The judge also said he rejected the use of a ruling from Judge Analisa Torres who ruled that Ripple did not violate securities law in selling XRP to retail investors through an exchange intermediary.

The judge overseeing the FTX bankruptcy case granted Terraform Labs permission to request relevant information from the exchange as part of their defense against the U.S. Securities and Exchange Commission (SEC) allegations.

On July 31, a U.S. judge overseeing the case denied Terraform Labs' motion to dismiss a lawsuit filed by the United States Securities and Exchange Commission (SEC). The lawsuit, filed on February 16, accuses Terraform Labs and its founder, Do Kwon, of orchestrating a multi-billion dollar crypto asset securities fraud.

Class-action certification could force crypto company to alert shareholders to the case and alter SEC document for listing on Nasdaq.

ETH was back in the red this morning. The Terraform Labs case delivers investors another curveball to contend with as the SEC targets more platforms.