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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.
Montenegro's High Court will decide whether to extradite Do Kwon to the U.S. or South Korea.
Crypto analyst Javon Marks has laid out a bullish narrative for Terra Classic (LUNC). Based on his analysis, the crypto token could eventually see a 13x increase from its current price levels.
The Montenegro Appeals Court has halted Do Kwon's extradition to South Korea, calling for a retrial in the initial court. This move contradicts the previous High Court ruling. Interestingly, this decision follows a meeting between Montenegro's Justice Minister and the SEC's Director of Enforcement, raising questions about potential influences on the legal proceedings.
Terra Luna Classic developer group Genuine Labs took it to X to confirm bullish news for the LUNC community, announcing the readiness of a significant upgrade. The new SDK 47 version will update Terra Luna's components, fight p2p storm attacks, and fix the dyncomm decorator, enhancing the ecosystem's strength and efficiency.
Binance, the world's largest crypto exchange by volume has executed another large-scale Terra Classic (LUNC) burn, continuing its supporting role for the Terra Classic ecosystem. Despite the substantial supply reduction, the price of LUNC and its daily trading volume have been falling significantly.
Record amounts of Terra Classic tokens were sent to the bottomless pit, but is it enough for LUNC's break out?
