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In the past week, the Terra (LUNA) market has been grappling with bearish trends, with LUNA's price fluctuating between $0.396235 and $0.4326. The gradual decline in LUNA's price has raised concerns about increased selling pressure among investors.
On October 10, Terraform Labs took legal action by filing a motion in the U.S. District Court for the Southern District of Florida. They're seeking permission to investigate Citadel Securities' trading records.
In a recent directive from the U.S. District Court of the Southern District of New York, Judge Jed Rakoff has clarified his stance: Genesis Global must immediately produce specific documents that have been requested via a subpoena from Terraform Labs. Issued on Oct.
Genesis and its associated companies were ordered by a judge to produce documents on Oct. 13, as part of a securities case initiated by the U.S. Securities and Exchange Commission (SEC) against Terraform Labs. The U.S.
The order was unclear as to the nature of the documents under subpoena, but stated Genesis had failed to provide the information by Oct. 9.
Crypto news: what is the price performance of the coins Terra (LUNA), Loom Network (LOOM) and Shiba Inu (SHIB)? See below for an overview of the latest news and some future predictions.
In an intriguing disclosure, Do Kwon-co-created Terraform Labs has held trading firm Citadel Securities responsible for causing its so-called algorithmic TerraUSD (UST) stablecoin to lose its peg to the U.S. dollar in 2022.
In recent developments, Terraform Labs, a crypto network that's no longer operational, has accused Citadel Securities of being involved in a deliberate plan to disrupt its stablecoin, TerraUSD Classic (USTC), back in 2022. This disruption ultimately led to the stablecoin's failure.
Terraform claims evidence of Citadel Securities' head, Ken Griffin, planned to short stablecoin using Soros' strategies.
The year 2021 was one marked by unpredictability, particularly for investors in the cryptocurrency market. It proved to be a rollercoaster ride, with dramatic highs and lows that left many participants in a state of shock and awe.
Terraform Labs has implored the presiding judge to grant its motion, compelling Citadel Securities to disclose their trading data.
One of the most shocking downfalls of the cryptocurrency industry was that of Terraform Labs. The demise occurred with the fall of UST coins issued by Terraform Labs. In recent developments, Terraform alleges Citadel to be responsible and the main reason for this downfall.
The Terra (LUNA) community has been busy in the past month with various developments and achievements in the cryptocurrency ecosystem. Here are some of the highlights:
Terraform Labs seeks trading data from Citadel Securities, alleging involvement in the UST stablecoin collapse.
Terraform Labs has filed a court motion to force Citadel Securities to hand over documents that Terra claims show the market maker had a hand in last year's collapse of the TerraUSD (UST) stablecoin.
Terraform Labs, founded by Do Kwon, has once again accused Citadel Securities of deliberately causing the depegging of its TerraUSD (UST) stablecoin in 2022. On Oct.
Terraform Labs, the blockchain company founded by Do Kwon, is once again pointing the finger at market maker Citadel Securities for its alleged involvement in the collapse of its TerraUSD (UST) stablecoin.
As for the evidence, Terraform points to an alleged conversation Citadel CEO Ken Griffin had with a pseudonymous trader.
Terraform Labs has filed a motion against Citadel Securities seeking critical trading data for its defense in a lawsuit by the SEC. The case revolves around market destabilization allegations during the May 2022 Depeg event of TerraUSD stablecoin.
Do Kwon-founded Terraform Labs has once again blamed market maker Citadel Securities for its role in an alleged international effort to cause the depegging of its TerraUSD (UST) stablecoin.
Terraform Labs has made serious accusations against Ken Griffin, the head of Citadel Securities, suggesting their potential role in de-pegging TerraUSD (UST). The move involves a legal action to compel Citadel Securities to provide critical data linked to this incident.
Last year in mid-2022, the Terra (LUNA) ecosystem faced a brutal collapse eroding $40 billion of investors' money. In an interesting revelation, Terraform Labs said that the massive de-peg of its UST stablecoin wasn't an algorithmic failure.
Terraform Labs alleges Citadel Securities played a role in the destabilization of its stablecoin, TerraUSD Classic, in May 2022. The firm is seeking trading data from Citadel to bolster its defense against SEC's fraud allegations.
Terraform Labs initiated a legal move on October 10, filing a motion in the U.S. District Court for the Southern District of Florida. Their aim is to compel Citadel Securities LLC to produce documents related to their trading activities during May 2022.
