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The SEC is seeking a record $5.3 billion fine against Terraform Labs and Do Kwon for their role in the collapse of the Terra/LUNA stablecoin, signaling a significant crackdown on cryptocurrency misconduct.
Terra Luna Classic community has approved a proposal to revise the LUNC burn tax. To be more clear, the reward share distribution of the burn tax will be changed instead of the burn tax rate.
The U.S. Securities and Exchange Commission (SEC) has asked the court to order Terraform Labs and Do Kwon to pay around $5.3 billion as part of the final judgment against the two defendants. This sum includes $4,192,147,847 in disgorgement and $545,748,909 in prejudgment interest.
Do Kwon, a co-founder of Terraform Labs, is appealing a high court ruling in Montenegro that could result in his extradition to the US or South Korea. The lengthy judicial proceedings span several months and entail complex disagreements on procedural compliance and legal interpretations.
US regulatory authorities are requesting that Terraform Labs and its co-founder Do Kwon be fined $5.3 billion for allegedly defrauding investors. This update has been announced after the two parties had been found liable for a massive fraudulent scheme.
The U.S. Securities and Exchange Commission (SEC) is reportedly looking to hit the disgraced founder of the Terra ecosystem with a multibillion-dollar fine. According to a new report by Bloomberg, the regulatory agency is seeking a $5.
TerraForm Labs and Do Kwon get slapped with the potentially hugest crypto-related fine ever recorded.
Suggested fines the securities watchdog suggested for Terraform Labs and Ripple are out-of-line with what it has collected from crypto firms in the past.
The question of the Terraform co-founder's extradition to either the U.S. or South Korea has been bouncing between lower and higher courts in Montenegro for months.
Terraform Labs co-founder Do Kwon filed a fresh appeal in his Montenegrin legal saga, accusing a court of "bizarre" legal interpretations.
After a jury found Terraform Labs and Do Kwon liable for fraud in its long-standing case with the U.S. Securities and Exchange Commission (SEC), the regulator has asked a New York court to impose $5.3 billion in disgorgement and civil penalties.
Terra Luna Classic has approved proposal to raise minimum commission to 2.5% as a benefit for small validators to increase the infrastructure validators run on. The proposal was also introduced to prevent spam attacks on the chain.
Lawyers for Terraform Labs co-founder Do Kwon appealed the Supreme Court of Montenegro's decision to extradite the entrepreneur.
Terraform Labs founder Do Kwon has appealed against a Montenegrin court's extradition ruling, seeking to be sent to South Korea instead of the United States. His legal team argues against the court's decision, pointing to flawed legal interpretations and raising concerns about potential political influence.
Regulators in the United States are seeking $5.3 billion in fines from Terraform Labs and its co-founder, Do Kwon, following a verdict in its civil case. According to an April 19 filing with the U.S.
Do Kwon, co-founder of cryptocurrency firm Terraform Labs, is currently facing extradition requests from both South Korea and the United States. Recently, his legal representatives in Montenegro appealed against a ruling by the Podgorica High Court that found grounds for his extradition to both countries.
In a significant development in the ongoing legal battle between the United States Securities and Exchange Commission (SEC) and Terraform Labs, a jury has found the blockchain protocol and its co-founder Do Kwon liable for civil fraud over the crash of the Terra ecosystem in 2022.
The SEC is calling for a New York court to impose $5.3 billion worth of fines on Terraform Labs and its co-founder Do Kwon, citing their roles in the 2022 Terra-Luna collapse.
The US Securities and Exchange Commission (SEC) wants nearly $5.3 billion in fines from Terraform Labs and its former CEO, Do Kwon for violations of the US securities laws and charges of fraud. The agency detailed its requested fines in an April 19 legal filing.
The SEC wants Terra and its owner to pay one of the largest crypto fines in history. Do Kwon argues he owes less than $1 million.
The U.S. Securities and Exchange Commission (SEC) has asked a New York court to impose $5.3 billion in fines on Terraform Labs and co-founder Do Kwon for their role in the $40 billion implosion of the Terra ecosystem in 2022.
Terra Classic community steps back from raising gas fees by 10x on the Terra Classic chain, potentially turning down the proposal to raise gas fees to prevent spam attacks on the chain. A proposal was submitted to increase gas fees by 10x on the rationale that current levels for transactions are extremely low and causing
The SEC is going after Terraform Labs and its co-founder Do Kwon big time. After a verdict slammed them with guilt, the SEC filed for a whopping $5.2 billion in penalties.
After a jury found Kwon and TFL liable for defrauding investors on April 5, the SEC is seeking a final judgment. This could impose severe restrictions on Kwon's future activities and financially penalize both him and his company.
