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Evidence has now been presented in court that confirms that Kwon's wife did use funds from her own virtual asset account to make the initial payment on some of the properties.
Terraform Labs is selling four of its businesses as part of its bankruptcy proceedings and $4.5 billion SEC settlement, following the collapse of its Terra cryptocurrency ecosystem in 2022.
Bankrupt crypto firm Terraform Labs has announced plans to sell four of its businesses as part of a $4.5 billion deal with the United States Securities and Exchange Commission (SEC).
The bankrupt Terraform Labs is looking to sell four of its companies as it winds down operations to comply with its multi-billion SEC deal.
Crypto influencer Rasgard took to social media to expose what he described as Do Kwon's deceptive practices at Terraform Labs. According to Rasgard, Kwon consistently misled investors and stakeholders, painting an overly optimistic picture of the platform's stability and financial health.
Terra (LUNA), one of the major cryptocurrencies, saw its value plummet by 100% due to the algorithmic stablecoin protocol TerraUSD (UST) losing its peg to the US dollar on May 13, 2022.
Terraform Labs' non-profit organization LFG announces methods to secure its crypto holdings. The firm recently made a settlement of $4.7 billion in its case against the SEC.
The Luna Foundation Guard (LFG), associated with Terraform Labs (TFL), recently transferred its crypto holdings to a direct custody solution following a significant settlement with the U.S. SEC. This move has raised questions about the foundation's financial strategies.
Luna Foundation Guard, the non-profit linked to Terraform Labs, on Tuesday said it moved the crypto holdings in its wallets to a direct custody solution. The move comes following a settlement with the U.S. Securities and Exchange Commission (SEC) by Terraform Labs and Do Kwon to pay $4.5 billion in total penalties in the civil
LUNC News: The Terra Luna Classic community rejected a highly debated proposal to increase the validators set to 130 on the blockchain. The move comes after Terraform Labs and Do Kwon agreed to settle with the U.S. SEC for $4.5 billion.
Fresh U.S. court filings have revealed that Montenegro's Prime Minister Milojko Spajic personally invested in fugitive Do Kwon's Terraform Labs crypto project
Milojko Spajic, Prime Minister of Montenegro, was revealed as an early investor in Terraform Labs, co-founded by Kwon Do-hyung (Do Kwon). A filing with the U.S. Securities and Exchange Commission (SEC) lists Spajic as the 16th investor in Terraform Labs, purchasing 750,000 luna coins at 10 cents each in April 2018.
Terra Classic community seeks ways and prepares to burn billions of USTC and LUNC sitting idle in the wallets linked to Terraform Labs (TFL). The move comes as TFL announced that it would burn tokens in the wallets, sparking bullish speculation for USTC price.
U.S. court documents presented in a lawsuit filed by the United States Securities and Exchange Commission (SEC) reveal that Montenegrin Prime Minister Milojko Spajic may have invested in the now-defunct Terraform Labs in 2018.
A recent Bloomberg report has revealed that Montenegro's Prime Minister, Milojko Spajic, personally invested in Terraform Labs years before the company's collapse. The discovery has raised concerns regarding the founder's choice to flee prosecution by seeking refuge in the same nation.
Montenegro's Prime Minister Milojko Spajić faces renewed controversy over his earlier investment in Do Kwon's Terraform Labs.
Montenegrin PM Spajic's investment in Terraform Labs raises questions about Do Kwon's connections and escape plans.
In a startling development that has sent shockwaves through both the political and crypto sectors, a court document has brought to light Montenegrin Prime Minister Milojko Spajić's early investment in Terraform Labs.
Montenegro's Prime Minister Milojko Spajić was an early investor in the failed Terra Luna coin and may have lost millions to the ecosystem's implosion in 2022, according to recent court documents filed by the US Securities and Exchange Commission (SEC). Before becoming prime minister, Spajić was a crypto entrepreneur.
A court document from April has revealed that Montenegrin Prime Minister Milojko Spajic was an early investor in the Terra (LUNA).
Recently disclosed documents from the U.S. Securities and Exchange Commission (SEC) reveal that Montenegrin Prime Minister Milojko Spajić was an early investor in Terraform Labs. The court documents show that on April 23, 2018, Spajić invested $75,000 to purchase 750,000 Luna tokens.
Montenegrin Prime Minister Milojko Spajic invested $75k in Terraform Labs' Luna tokens in 2018.
Spajic was among the early investors who invested in the firm just days before its formation. Terraform Labs LTD was registered in Singapore on April 23, 2018.
Terraform Labs' closure and $4.47 billion settlement signal heightened scrutiny and consequences for crypto fraud.
