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The ongoing trial involving Terraform Labs, the company behind the algorithmic stablecoin UST (CRYPTO: USTC), took a dramatic turn on Monday with the testimony of James Hunsaker, a former employee of Jump Trading. According to a series of social media posts by journalist Alexander Osipovich, Hunsaker's testimony centered around his claim that Jump Trading colluded with Terraform Labs to manipulate the price of UST.

The world's largest crypto exchange Binance burned 4.17 billion Terra Luna Classic (LUNC) tokens in its 20th batch of the LUNC burn mechanism. Following the latest burn by Binance, the net LUNC burned by the crypto exchange has now surpassed over 56 billion.

Terra Luna Classic (LUNC) has seen a significant rise, climbing 180% since the start of the year and soaring by 400% since October last year. This surge is credited to advancements in the blockchain and backing from Binance, the largest crypto exchange globally.

Terra Luna Classic (LUNC) price has recorded 180% gains this year and 400% rally since October last year amid chain developments and support from the world's largest crypto exchange Binance. An analyst predicts there's still more than 270% upward movement left in LUNC due to the formation of a bullish pattern.

The Terra Luna Classic community remains committed to their decision to maintain the approved KYC proposal, highlighting the importance of having developers who comply with Know Your Customer (KYC) requirements to drive the chain's progress. Despite claims that KYC rules have slowed down Terra Luna Classic's growth, both LUNC and USTC prices are on the rise after a futures selloff and the largest options expiry.

LUNC News: The Terra Luna Classic community remains committed to the earlier passed KYC proposal, considering the importance of KYC'ed developers for further development on the chain. The proposal was turned down claims that KYC requirements for developers have stalled the growth of Terra Luna Classic.

After spending months on the run following the collapse of the Terra ecosystem in 2022 , Kwon was apprehended in Montenegro for attempting to use fake travel documents. While initially sentenced to four months in prison, his release comes amidst ongoing extradition deliberations between the U.S. and South Korea.

In a courtroom showdown between the U.S. Securities and Exchange Commission and Terraform Labs and its founder Do Kwon in absentia, presiding Judge Rakoff rebuked both sides for arguing off-topic.

Terra Luna Classic completes key system upgrade, but can LUNC price catch up with this remarkable achievement?

Terra Classic price forecast: LUNC has shown remarkable resilience and upward momentum in its market performance in recent months. However, the price of LUNC has recently encountered volatility, marked by a slight downward trend.

In a recent conflict between the U.S. Securities and Exchange Commission (SEC) and Terraform Labs, the judge scolded both defendants and plaintiff's attorneys for posing irrelevant questions in court. Additionally, the judge briefed the jury on essential details of the fraud case.

In the latest tussle between the U.S. Securities and Exchange Commission (SEC) and Terraform Labs, the federal judge slammed both defendants and plaintiff's attorneys for bringing irrelevant questions in the courtroom. Moreover, the judge offered initial instructions to the jury about key details in the fraud lawsuit.

March has, arguably, been the most interesting month so far of a year, generally highly exciting for the crypto market.

A major factor behind LUNC's positive momentum is the successful launch of the Terra Classic v2.4.2 upgrade. This update brought in new features and components, with the most significant being IBC-Hooks.

Can LUNC price hit $2? Let's take a look at this LUNC price prediction article in more detail as to why this could happen.

SEC kicks off TerraForm ‘House Of Cards' trial with fraud allegations, but the judge is reluctant to give a verdict.

LUNC price is on a successful run this bull cycle backed by key developments on the Terra Luna Classic chain. LUNC price has now rallied over 30% in a week after profit booking due to two key events — the successful v2.4.2 upgrade and the release of Terra co-founder Do Kwon.

The SEC's legal case against Terraform Labs has officially started without the presence of former CEO Do Kwon, following delays stemming from Kwon's arrest in Montenegro and extradition proceedings.

The much-anticipated civil trial between Terraform Labs, its embattled founder Do Kwon, and the US Securities and Exchange Commission (SEC) began on Monday in Manhattan, marking a pivotal moment in the ongoing scrutiny of the crypto space and regulatory oversight.

Do Kwon, the co-founder of Terraform Labs, has been released from prison in Montenegro pending extradition to either the U.S. or South Korea to face fraud charges related to the $60 billion collapse of the Terra ecosystem

New developments in the civil battle between Terraform Labs and the SEC, as the court battle begins despite the glaring absence of Do Kwon. Do Kwon's extradition to the US was abruptly halted by the Montenegro court of appeal, cementing the high court's decision to extradite the defendant to South Korea.

Terraform Labs co-founder Do Kwon has been finally released from Montenegro jail as the Supreme Prosecutor had previously questioned the High Court's decision to allow an extradition treaty. Meanwhile, amidst all these multinational legal complexities, the SEC has remarked the Do-Kwon's foundation – the Terraform Labs as the “house of cards”.

SEC accuses Terraform Labs of constructing a fraudulent empire, with the civil trial beginning over a year after the lawsuit was filed.

The SEC has waged a full-blown war with Terra and its ex-founder, Do Kwon. In defense of the right to speak, SEC emphasizes that “this is not a case of technology, trial and error, this is a case of fraud.” While defense lawyers call it a failure. Let's see what is happening.