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The U.S. Securities and Exchange Commission and Terraform Labs, along with Do Kwon, have reached a preliminary settlement concerning charges of misleading investors about TerraUSD.
Terraform Labs and its co-founder, Do Kwon, have reached a “settlement in principle” with the U.S. Securities and Exchange Commission (SEC) in a civil fraud case.
The settlement is likely to include fines and limits on Kwon's future financial activity. Kwon's legal troubles are far from over with this settlement.
Singapore-based Terraform Labs and its founder, Do Kwon, have reached a “tentative settlement” with the US Securities and Exchange Commission (SEC) in a high-profile civil fraud case, as reported by Reuters.
Terra ecosystem tokens saw prices rallying in double digits after Terraform Labs and co-founder Do Kwon reached a settlement in principle with the U.S. Securities and Exchange Commission (SEC). LUNC and USTC prices skyrocketed 15% within hours, but pared some gains to settle at 9% higher in the last 24 hours.
Singapore-based Terraform Labs and its founder, Do Kwon, have reached a settlement agreement with the SEC to end the civil lawsuit filed in the US over allegations of defrauding crypto investors.
Terraform Labs, the startup led by Do Kwon and responsible for the collapsed LUNA cryptocurrency and TerraUSD (UST) stablecoin, has agreed in principle to settle with the United States Securities and Exchange Commission (SEC) over fraud charges. News of the tentative settlement was first reported by Reuters.
Do Kwon and Terraform Labs have settled fraud charges with the SEC over their involvement with LUNA and TerraUSD
Terraform Labs and Do Kwon have "reached a settlement in principle," with the SEC, according to a court entry.
Singapore-based Terraform Labs and its founder Do Kwon have reportedly reached a preliminary settlement with the U.S. Securities and Exchange Commission (SEC) after being accused of misleading cryptocurrency investors before the 2022 collapse of terrausd (UST), the project's now-defunct algorithmic stablecoin.
Terraform Labs and its founder Do Kwon have agreed to a tentative settlement with the US Securities and Exchange Commission (SEC). According to court documents filed on Thursday, the Singapore-based crypto entity and Do Kwon had reached the agreement with the US regulator to settle the fraud case on May 29.
Terraform Labs and CEO Do Kwon are finalizing a settlement with the SEC. Both parties are expected to submit the final terms for court approval by mid-June.
The startup behind the collapsed LUNA and TerraUSD coins is settling with the SEC over fraud charges, a court filing revealed Thursday.
Terraform Labs and co-founder Do Kwon have tentatively agreed to settle a fraud case with the U.S. Securities and Exchange Commission (SEC), according to a court filing Thursday.
Singapore-based Terraform Labs and its founder Do Kwon have reached a tentative settlement with the U.S. Securities and Exchange Commission in the regulator's case alleging they misled investors before the 2022 collapse of the stablecoin TerraUSD, according to a court filing.
Terra Classic (LUNC) has been on a gradual upward trajectory over the past two months, leading up to Binance's periodic burn event scheduled in two days. Currently, LUNC is trading at $0.00011, reflecting a slight decrease of 3.5% in the last 24 hours and 1% over the past week.
Over the past two months, the LUNC price has gradually increased in anticipation of the upcoming LUNC burn by Binance, which is set to occur in two days. Today, Terra Luna Classic (LUNC) is trading at $0.00011, reflecting a 3.5% decrease in the last 24 hours and a 1% decrease over the past week.
The Terra Luna Classic community rejected a proposal to increase the burn tax to 1.5%. The community members expressed their disapproval of the recurrent proposals suggesting to alter the burn tax, especially an increase in the amount.
Multichain portfolio tracker Pulsar Finance has added Solana to its list of supported blockchains. With the Solana integration, the platform now supports 100 blockchains.
Genuine Labs, a Terra Classic developer group, recently announced that it had submitted a proposed upgrade to the Terra blockchain for governance voting. If passed, this upgrade could positively impact the Terra ecosystem, including Terra Classic's (LUNC) price.
LUNC's price is skyrocketing! Investors are excited as this cryptocurrency takes off, sparking a bullish frenzy in the market.
LUNC Price: Terra Luna Classic community has unanimously passed the v3.0.1 software upgrade proposal as it received 99.9% votes from community members and validators. Terra Luna Classic Layer 1 development team Genuine Labs' proposed upgrade encompasses sdk 47 and other major updates to the chain.
After another successful appeal from Do Kwon's legal team, Montenegro's High Court will once again decide whether to extradite the Terraform Labs co-founder to the United States or South Korea.
Terra Luna Classic Layer 1 development team Genuine Labs has submitted a proposal for the v3.0.1 upgrade, encompassing sdk 47 and other major updates to the chain. The move comes after the developer group announced readiness for a major upgrade to further improve the efficiency and robustness of the system.
