Latest News

The Montenegrin Court of Appeal revoked its decision on the extradition of Korean citizen Do Kwon.

An unusual proposition to identify all of Terra Classic's developers incinerates a fiery discussion among top network validators.

The Terra Luna Classic community has voted in favor of a proposal to mandate KYC (Know Your Customer) for all L1 developers. This decision comes as the community aims to boost development on the chain with third-party developers while implementing security measures to safeguard against potential harm to the network.

Terra Luna Classic's proposal to make KYC compulsory for all L1 developers is approved by the community, with votes now surpassing the pass threshold. As the Terra Luna Classic community pushes to increase development on the chain with third-party developers, it became crucial to introduce some security measures to prevent detrimental damage to the chain.

3 Top Altcoins To Buy On February 7: Investors constantly look for promising assets in today's digital currency landscape. The spotlight shines on three altcoins.

People are curious about the projected price of LUNC if Bitcoin reaches $250,000 post-halving, and they're turning to Google's AI chatbot for insights. Google Bard's Predictions for Terra Classic (LUNC) Price Amid Bitcoin Halving Event The crypto industry has seen a rise in AI-driven price predictions, with platforms like Bard and ChatGPT gaining traction.

Lee testified that Terra executives were aware of regulatory constraints on using TerraUSD as a payment method.

Terra Classic (LUNC) began 2024 with its price moving horizontally, initially showing no significant gains or losses. This neutral trend was short-lived as the market's volatility intensified.

Terra founder Do Kwon and co-founder Shin Hyun-Seong of the failed crypto project are still fighting legal battles almost two years after the devastating collapse of the network.

TL;DR The testimony of a former Terraform Labs developer, Lee, reveals that Terra's co-founders promoted TerraUSD as a payment option, despite being aware of local regulatory prohibitions. The extradition of Han Chang-joon, former CFO of Terraform Labs, triggers investigations related to allegations of fraud and misappropriation of funds in the Terra project.

Do Kwon's name surfaces in a witness testimony implicating him of being aware that the Terra project was “legally impossible.”

In recent testimony, a former Terraform Labs developer has cast a shadow over the viability of the Terra project, once hailed as a groundbreaking blockchain payment system. The developer, identified only as Mr.

A former team leader of Terra reportedly testified against Do Kwon, saying he knew that the project was legally problematic. The 14th Criminal Division of the Seoul Southern District Court engaged the first witness on Feb.

Lee, a former Terraform Labs developer, testified that Shin Hyun-sung, former CEO of Chai Corporation, and Do Kwon, former CEO of Terraform Labs, acknowledged that the Terra project wouldn't function as publicly advertised.

Han Chang-joon, the former financial officer of Terraform Labs, has been extradited to South Korea from Montenegro, where he had been held since his arrest in March 2023.

The former developer of Terraform Labs testified that Terra executives knowingly deceived investors, according to local media.

Over the weekend, the LUNC price saw some of the most bullish price action that sent its price soaring over 20%. This rally eventually brought the price above $0.0001 after struggling around $0.00009 for the last two weeks.

LUNC's surge past $0.000112 broke the bearish market structure.

Montenegro recently extradited the former Terraform Labs financial officer Han Chang-joon to South Korea where he faces fraud-related charges. According to the Montenegro police, the decision to extradite Han was made by the country's Justice Ministry.

Han Chang-joon, ex-CFO at the now-defunct Singapore-based crypto company Terraform Labs who worked alongside CEO Do Kwon, has been extradited to South Korea by Montenegrin authorities.

In a major development for the ongoing investigation into the spectacular crash of Terraform Labs and its algorithmic stablecoin TerraUSD, Han Chang-joon, the company's former chief financial officer, has been extradited to South Korea.

Terraform Labs' former CFO Han Chang-joon is extradited to South Korea, facing a lengthy prison sentence in the country.

Meanwhile, Terraform co-founder and CEO Do Kwon is coming to the United States for trial on charges advanced by the SEC.

Former Terraform Labs CFO could face a lifetime behind bars for serious financial crimes, following extradition from Montenegro.