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The $4.5 billion SEC settlement marks one of the largest in crypto history, effectively barring Terraform Labs and its co-founder Do Kwon from the crypto industry.
LUNA and LUNC prices briefly moved upward following a crucial announcement from Terraform Labs. LUNA is trading at $0.3289, reflecting a 0.50% increase, while LUNC climbed 2% to $0.000082. The surge in trading volume suggests growing interest among traders as the company prepares for significant developments. But what's causing the surge today? Read on.
Terraform Labs, a bankrupt crypto firm, is scheduled for a Chapter 11 bankruptcy reorganization hearing on September 19 in Beijing. The company is facing an important turning point right now.
According to an internal communication obtained by sources familiar with the matter, Gemini has decided to remove Terra Luna Classic (LUNC) from its trading platform. The exchange's decision comes after a comprehensive review of its listed digital assets, where it assessed various factors such as market performance, user engagement, and the evolving regulatory landscape.
The court's decision will determine if the company can restructure or must liquidate.
Terraform Labs (TFL), the company behind Terra ecosystem, revealed an important announcement regarding the Chapter 11 bankruptcy proceeding on Wednesday. TFL confirms that the Chapter 11 bankruptcy hearing to commence in mid September.
Terraform Labs (TFL), the company behind the Terra ecosystem, made an important announcement on Wednesday regarding its ongoing Chapter 11 bankruptcy proceedings.
Polish national Roman Ziemian, the co-founder of digital currency trading platform FutureNet who allegedly defrauded users out of around $21 million has been detained in Montenegro, according to multiple reports citing an announcement from the nation's police.
Crypto exchange Gemini has announced plans to delist Terra Luna Classic, as per emails received by people familiar with the matter. The crypto exchange has also named Synthetix (SNX), Qredo (QRDO), and Zebec (ZBC) among cryptocurrencies it intends to delist.
Terra Luna Classic is taking steps to bring USTC back to its original value. Find out how they're working on this important update
LUNC News: Terra Luna Classic community started discussions on seeking a flawless repeg system for USTC algorithmic stablecoin. The community thinks it's time to get serious on LUNC revival and USTC repeg.
While Bitcoin is busy with its attempt to reclaim $60k levels, attention is now turning to altcoins, which offer potential for big gains. Analyst Matthew Perry opened up about coins that represent a blend of established players and emerging contenders, each with their own story. Here's the list: XRP: The coin, currently trading at $0.
Liquidators of the failed crypto hedge fund Three Arrows Capital (3AC) are reportedly seeking $1.3 billion from Terraform Labs, the bankrupt stablecoin firm co-founded by Do Kwon. According to a new report by Bloomberg, the liquidators filed a claim in the U.
Liquidators of the failed crypto hedge fund Three Arrows Capital (3AC) filed a claim in Delaware federal court on August 9, and are seeking $1.3 billion in damages from Terraform Labs.
Three Arrows Capital (3AC) liquidators have filed a lawsuit against Terraform Labs, seeking $1.3 billion in damages for TerraLUNA's collapse. The legal action, filed on Aug. 12, claims that Terraform Labs manipulated the prices of its tokens, LUNA and TerraUSD, leading to catastrophic losses for 3AC.
Nearly two years after the TerraLuna crash, Three Arrows Capital has handed Terraform Labs a hefty bill.
3AC liquidators allege TerraForm Labs manipulated the Luna and TerraUSD markets, leading to artificially inflated prices.
The brains behind the controversial TerraUSD and LUNA coins, TerraForm Labs, are now said to be the target of an eye-popping $1.3 billion lawsuit filed by Three Arrows Capital (3AC) in efforts to recoup damages from the catastrophic breakdown of the digital assets in May of 2022.
It seems Terra's troubles are never-ending! In a recent event, Three Arrows Capital (3AC) filed a $1.3 billion lawsuit against Terraform Labs in an attempt to recoup the huge losses it suffered following the collapse of Luna and TerraUSD according to a Bloomberg report.
Liquidators of the bankrupt cryptocurrency hedge fund Three Arrows Capital are seeking at least $1.3 billion in compensation from Terraform Labs.
The company allegedly manipulated the market of Luna and TerraUSD tokens.
TL;DR Three Arrows Capital Sues TerraForm Labs: Liquidators of the failed hedge fund are seeking $1.3 billion in damages, claiming the 2022 LUNA crash caused substantial losses. Investment Wiped Out: Three Arrows Capital's $190 million investment in LUNA plummeted to around $2,700, with overall crypto holdings dropping by $858 million.
TerraForm sought to "manipulate the open market for LUNA and UST in a manner that artificially inflated the price for the assets," it claims.
Liquidators of the defunct crypto hedge fund Three Arrows Capital are reportedly pursuing a claim of at least $1.3 billion from TerraForm Labs. According to an Aug.
