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The civil trial between the U.S. Securities and Exchange Commission and Terraform Labs entered its tenth day without the attendance of Do Kwon.

The legal battle surrounding Do Kwon, co-founder of Terraform Labs, has taken another turn, with Montenegro's Supreme Court having thrown a wrench into the extradition process, cancelling a lower court's decision to send the beleaguered co-founder to South Korea. What Happened: The crux of the issue lies in a procedural error.

The trial procedures on civil fraud against Terraform Labs and its founder Do Kwon are coming to an end as attorneys are gearing up to deliver their closing arguments. The trial initiated and proceeded by the U.S.

A lower court ruling about the extradition of the co-founder of Terraform Labs, Do Kwon, has been reversed by the Supreme Court of Montenegro. The decision was made following the prosecutors' appeal of the appellate court's rejection of Kwon's legal team's appeal.

Terra Classic has recently exhibited an upward momentum, catching the eye of investors and traders. In the last several weeks, the cryptocurrency has shown robust bullish signals and an impressive annual growth of 8.76%, signaling a surge in investor confidence.

In the latest Montenegro Supreme State Prosecutor's Office's announcement, the legal proceedings concerning the extradition of Terraform Labs' former CEO, Do Kwon, will revert to the first trial court.

The Supreme Court of Montenegro overturned a decision made by the lower courts concerning the extradition of Do Kwon.

The High Court in Podgorica could decide whether the Terraform co-founder is sent to the United States or his native South Korea to face criminal charges.

Terraform Labs is set to deliver their final arguments in a civil fraud trial accused of defrauding investors with the TerraUSD stablecoin, which led to $40 billion in losses and wider crypto market havoc in 2022.

Another twist in the extradition saga of Terraform Labs founder Do Kwon revealed that the forgery convict will not return to his native South Korea just yet.

The U.S. Securities and Exchange Commission (SEC) lawsuit against Terraform Labs (Terra) and co-founder Do Kwon approaching the end of the jury trial. Defense attorneys from the world's largest global law firm Dentons are going to give final arguments in the federal court today.

Attorneys for Terraform Labs and its founder Do Kwon are expected to give closing arguments on Friday at a trial on claims that Terraform and Kwon defrauded investors before the collapse of their stablecoin shocked cryptocurrency markets in 2022.

Terra Classic Price: The Terra Classic (LUNC) recovery trend fails as the recent reversal from the dynamic resistance of the 20-day EMA aligns with the broader market sell-off. However, with the LUNC price sustaining above the 200-day EMA and the ascending support trendline, the altcoin projects a potential bounce back in the near future.

Brian Curran, Terraform Labs‘ former head of communications, provided a compelling testimony in a New York City federal court. He detailed his challenging experiences at the company, which led to significant frustration and anger.

Witnessed by crypto enthusiasts far and wide, Binance's latest token burn extravaganza has set a new standard for the industry. With over 56 billion tokens consigned to the flames since its inception, Binance reaffirms its position as a beacon of support for the Terra Luna Classic community.

In a testimony at a New York City federal court, Brian Curran, the former head of communications at Terraform Labs, disclosed the company's misleading practices. His statements contribute to the ongoing legal scrutiny following the collapse of TerraUSD in 2022.

In a significant development for the cryptocurrency market, Binance, the world's largest crypto exchange, has announced the burning of 4.17 billion Terra Luna Classic (LUNC) tokens. This move underscores Binance's commitment to bolstering the Terra Luna Classic ecosystem and marks a milestone in the ongoing evolution of the crypto industry.

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.