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On August 1, the Court of Appeal of Montenegro upheld a decision to extradite Do Kwon to South Korea, denying the U.S. its extradition request and reportedly making a ‘final' decision.
Terra blockchain was halted on July 31 due to a suspected exploit that resulted in the theft of approximately $5 million in assets. The hack was first announced on Terra's official social media accounts, alerting users to the halt at block height 11430400.
The United States Securities and Exchange Commission (SEC) is now sharing information to help crypto victims affected by Do Kwon's Terraform Labs collapse file compensation claims.
The commission has outlined the next steps following the settlement agreement with Terraform Labs and its founder, Do Kwon.
The U.S. Securities and Exchange Commission (SEC) has released important information for Terra Luna investors affected by the $40 billion collapse in 2022. After many questions from investors about how to get their money back, the SEC has put out a guide explaining how compensation will work following a recent settlement.
On Wednesday, July 31, the Terra Luna chain experienced a temporary halt due to a suspected exploit. The Terra hack announcement, made via Terra's official account on X (formerly known as Twitter), notified users of the imminent halt at block height 11430400.
The U.S. SEC posted an information page for investors affected by Terraform, the firm behind the algorithmic stablecoin that fell in 2022.
Excitement is building in the crypto world as Terra announces a critical deadline for filing claims related to its bankruptcy case. The upcoming date for submitting crypto loss claims could pave the way for a potential recovery in LUNA, LUNC, and USTC prices.
Terraform Labs announces important updates for the Terra community for filing their crypto loss claims. Any person or entity that believes they have a crypto loss claim against the debtors can file claims for Chapter 11 Bankruptcy voting purposes.
Terraform Labs Pte. Ltd. and Terraform Labs Limited have issued a notice to creditors on how to submit claims for losses related to cryptocurrencies in their Chapter 11 bankruptcy cases.
In a significant development in Terraform Labs' (TFL) ongoing bankruptcy proceedings, a recent court order has authorized several key actions for the troubled crypto company.
TL;DR Terraform Labs, in the process of restructuring after bankruptcy, has received a court order to reopen the Shuttle Bridge and burn millions of LUNA tokens.
Terraform Labs announces key events in its broader bankruptcy exit plan.
The Terraform Labs (TFL) Chapter 11 bankruptcy filing has recently taken a new turn. Today, July 19, the update from the Terra community revealed that a new court order was issued.
In the case of Terra Luna, the bankruptcy court has issued a new order authorizing several crucial actions for Terraform Lab (TFL) This move includes reopening the Shuttle Bridge for wrapped asset redemptions and a plan to transfer and burn a substantial amount of LUNA tokens.
These developments indicate TFL's proactive efforts to tackle Terra's challenges and restore trust and stability within the Terra ecosystem.
Terraform Labs announced on its official X account that the deadline for filing claims in TFL and TLL's Chapter 11 bankruptcy lawsuits is August 10 at 09:00 UTC. The business advised Terraform Lab's claimants to submit their paperwork by this date.
This deadline for claims is a key part of Terraform Labs' strategy to handle its financial and legal issues.
Bankrupt crypto firm Terraform Labs is selling four businesses as part of a $4.5 billion settlement with the SEC.
A Seoul court has ruled in favor of Do Kwons wife, allowing her to retain significant real estate assets frozen by the South Korea government during the Terraform Labs investigation. Legal Victory in Terraform Labs Case In a major judicial win against the South Korean government, Coingape reports that the spouse of Terraform Labs founder Do Kwon has emerged victorious.
Do Kwon's wife was permitted to keep her substantial real estate assets that had been frozen. The assets were obtained between March and May of 2021, when the couple was married.
While the extradition of Do Kwon has not yet been decided in Montenegro, the spouse of Terraform Labs founder, Ms. Lee scored a major legal victory against the South Korean state.
In the latest development, the spouse of Terraform Labs founder, Do Kwon, has secured a significant win against the South Korean government. The Seoul Court ruling allowed her to retain the ownership of valuable real estate assets frozen amid the ongoing investigation into the Terra Luna collapse.
Multibillion-dollar agreement with the SEC: implications and future prospects
