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A Montenegro Higher Court upheld the verdict of the Basic Court against South Korean citizens Do Kwon and Han Chang-joon in June, sentencing them to four months imprisonment in a passport forgery lawsuit. Former Terra executives will also face extradition proceedings after the passport forgery case, with likely extradition to home country South Korea.
Do Kwon, the founder of Terraform Labs, has been sentenced to four months in prison by a Montenegrin court for falsifying documents. The decision follows an appeal by Kwon and fellow executive Han Chang-Joon, who were arrested in March 2022. The court's statement described the sentence as “adequate” punishment for the crime committed.
The founder of Terraform Labs was sentenced to four months in prison, and faces extradition following the completion of his sentence.
Terraform Labs, leading the Terra ecosystem, takes a bold step to recover from a catastrophic collapse by acquiring Pulsar Finance. This signals a strong comeback for Terra (LUNA), the cryptocurrency responsible, along with its stablecoin UST, for the 2022 crypto market crash.
As part of the deal, Pulsar Finance's flagship product Portfolio, will undergo integration into Terraform's Station, a cross-chain wallet.
In a recent development, Terraform Labs has completed the acquisition of Pulsar Finance, a firm specializing in cross-chain analytics and portfolio management. The acquisition occurs as Terraform's former CEO Do Kwon remains incarcerated in Montenegro and a U.S. Securities and Exchange Commission (SEC) lawsuit alleging multi-billion dollar fraud hangs over his head.
Terraform Labs, renowned for developing the Terra blockchain, has unveiled its latest strategic move of acquiring Pulsar Finance, a startup specializing in cross-chain portfolio management and analytics. This significant development arrives amidst Terraform's ongoing legal confrontations, notably following the collapse of its algorithmic stablecoin TerraUSD last May.
In a strategic move signaling a new direction for the company, Terraform Labs, the primary developer behind the Terra blockchain, has announced the acquisition of Pulsar Finance, a cross-chain portfolio management and analytics startup.
The Terraform Labs acquisition occurs amid ongoing legal battles, particularly with the SEC, over the collapse of TerraUSD last year.
Terraform Labs, leading developer of the Terra blockchain, today announced the acquisition of Pulsar Finance.
Following Bitcoin's recent positive rise, cryptocurrencies have formed a bullish pattern. The altcoins such as FTT, LUNA, KAS, IMX and RPL are the best performing cryptocurrencies, analysis by Coinidol.com.
In November 2023, the assets of the projects that faced brutal collapses a year ago started pumping. While the true catalysts of this rally remain unclear, the situation looks confusing to investors.
With the recent price pump, major cryptocurrencies are recording new yearly highs, indicating an increased cash inflow with more new investors entering the market daily. Top coins have successfully breached their upper key levels, suggesting a possible surge in the coming time.
Story Highlights The live price of LUNA 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.
The cryptocurrency markets saw an eventful week of trading, with a wide variety of projects exploding to post massive gains over the last 7 days.
Jump Crypto, a segment of the Jump Trading group, is currently facing scrutiny from the U.S. Securities and Exchange Commission (SEC).
The situation surrounding Terraform Labs co-founder Do Kwon has garnered renewed attention. Recent reports have brought to light possible undisclosed interactions between Jump Crypto President Kanav Kariya and Kwon.
Back in February, the SEC initiated legal action, accusing TerraLabs and Do Kwon of both fraud and criminal wire charges. Terraform Labs quickly countered with a motion to dismiss the lawsuit, characterizing the SEC's claims as unfounded.
The SEC is investigating whether Kanav Kariya, the former Jump Crypto CEO, entered into a secret agreement with Do Kwon, the president of Terraform Labs, during the collapse of the stablecoin TerraUSD.
The U.S. Securities and Exchange Commission (SEC) has officially requested the Court to reject the defendants' plea to dismiss the case, asserting that Terra and Do Kwon committed fraud and violated security laws. In February of this year, the SEC filed a lawsuit accusing TerraLabs and Do Kwon of fraud and criminal wire charges.
The US Securities and Exchange Commission has probed whether the president of Jump Crypto engaged in a secret agreement with Terraform Labs' Do Kwon in the midst of stablecoin TerraUSD's collapse.
In the latest development in the U.S. Securities and Exchange Commission (SEC) lawsuit against Terra and Do Kwon, the SEC has requested the court to deny a motion by defendants Terra and Do Kwon to dismiss the lawsuit. The SEC continues to argue violations of security laws and fraud by Terra and Do Kwon.
Last week, lawyers representing Terraform Labs and its ex-CEO Do Hyeong Kwon (Do Kwon) moved to dismiss the lawsuit brought against them by the U.S. Securities and Exchange Commission (SEC). In response, the SEC has countered with a motion of its own, asserting the accountability of both the company and Kwon.
In the fast-paced world of cryptocurrency, LUNA Coin is proving its mettle as it weathers the storm of Bitcoin's recent price fluctuations. Over the past two days, Bitcoin's volatile performance has cast a shadow on many cryptocurrencies, including LUNA Coin, which has repeatedly tested the $0.437 level.
