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Terraform Labs, the blockchain company at the center of an ongoing fraud case brought forth by the U.S. Securities and Exchange Commission (SEC), is making headlines once again for its unconventional defense strategy.
Terraform Labs is making headlines once again, this time for seeking access to FTX wallets as part of its defense in its ongoing fraud case. A recent report revealed that Terraform Labs has sought permission from a Judge to subpoena information from the bankrupt FTX crypto exchange.
Chris Amani, previously the COO and CFO, is now the CEO of Terraform Labs, succeeding co-founder Do Kwon
However, some experts and analysts are skeptical about Terraform Labs' new efforts and its ability to regain the trust of the crypto community.
In the face of legal turbulence surrounding its co-founder, Do Kwon, blockchain firm Terraform Labs has appointed a new CEO. The change in leadership comes as Kwon, also Terraform Labs' principal shareholder, is under the threat of possible extradition to South Korea or the U.S. from Montenegro.
Terraform filed a motion to access information from wallets used by short sellers during the collapse of its algorithm stablecoin in 2022.
Terraform Labs, the firm behind the Terra/Luna collapse of 2022, is asking the United States Bankruptcy Court to serve FTX Trading Ltd. with subpoenas.
Terra and Do Kwon's legal team argued that the recent ruling in the case of US SEC v. Ripple Labs directly impacts their motion to dismiss.
Terraform Labs is asking a court to allow it to subpoena certain information about accounts, wallets and assets from bankrupt exchange FTX.
According to Bloomberg, Terraform Labs seeks information from FTX to defend against SEC accusations. The case involves allegations of illegal activity and unregistered securities causing crypto losses of $40B+.
Terraform Labs has announced the appointment of Chris Amani as the interim Chief Executive Officer (CEO), replacing co-founder Do Kwon. Terraform Labs Elevates Former COO Chris Amani as Director and Interim CEO Chris Amani, an experienced leader with over two decades of experience in the technology industry, has been selected as the interim CEO for Terraform Labs.
Terraform Labs (TFL), the developer of the failed Terra blockchain, wants to subpoena bankrupt FTX for relevant documents it could use to defend its case against the U.S. Securities and Exchange Commission (SEC), according to a July 19 court filing.
CEO Amani said it "makes sense" that Terraform Labs continues its operations without Do Kwon.
Terraform Labs (TFL) and former CEO Do Kwon seek to dismiss the lawsuit filed by the US Securities and Exchange Commission (SEC) using Judge Torres' ruling in the XRP lawsuit. Terra and Do Kwon earlier filed documents in support of the motion to dismiss the lawsuit claiming that the US SEC has no jurisdiction as
COO Chris Amani takes over as CEO amid Kwon's conviction in Montenegro, saying, “it just makes sense for us to continue on without him.”
Terraform Labs has appointed Chris Amani as its new CEO. He succeeds co-founder Do Kwon, who is currently in a Montenegro jail.
Chris Amani, a Terra employee since 2021, has reportedly been serving as the company's CEO for months.
Terraform Labs has recently undergone significant changes in an attempt to recover from past setbacks.
Terra and Luna creator Terraform Labs has appointed a new CEO in an effort to make a recovery, the Wall Street Journal reported on July 20. Chris Amani, who has been with Terraform Labs since 2021, initially serving as COO and later CFO, has now been appointed as the company's CEO.
The disgraced firm founded by Do Kwon, Terraform Labs, has found itself a new interim CEO. Chris Amani, who was the COO and CFO from January 2022, will now be responsible for steering Terraform into safer, and, hopefully, more prosperous waters.
Terraform Labs, the company behind the collapsed TerraUSD and Luna cryptocurrencies, has appointed Chris Amani as interim CEO, as co-founder Do Kwon faces fraud charges and is currently jailed in Montenegro, the Wall Street Journal reports.
Do Kwon's Terraform Labs has appointed Chris Amani as its new Chief Executive Officer. Amano previously served a dual role as the firm's COO and CFO.
Terraform Labs has appointed a new interim CEO, Chris Amani, amid the ongoing legal troubles of its co-founder, Do Kwon. What Happened: Amani, previously the company's COO and CFO, is stepping in to lead the crypto firm during this challenging time, The Wall Street Journal reported.
Terra (LUNA) blockchain has achieved a significant milestone with the successful completion of its highly anticipated v2.4 upgrade. This major development sets the stage for broader acceptance and mass adoption of the native token, LUNA, as Terra reinforces its position as a leading player in the blockchain industry.
