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With many governance proposals related to updates, burn, staking, and others passed, some key Terra Luna Classic community members and validators believe it is imperative to bring back builders on the chain to revive LUNC and repeg USTC to $1. Tax2Gas — incorporating the tax into the gas and removing the need for separate handling
The realm of cryptocurrencies is currently witnessing a watershed moment as the U.S. Securities and Exchange Commission (SEC) squares off against Terraform Labs and its co-founder, Do Kwon. This high-stakes legal showdown has caught the attention of both crypto enthusiasts and industry observers, underscoring its significance in shaping the future of digital assets and their regulation.
The Terra Luna Classic community, VegasMorph, a prominent validator, has boldly proposed to stir up intense discussions. The suggestion involves burning a substantial amount of TerraClassicUSD (USTC) currently held in the community pool.
In the ever-evolving world of cryptocurrencies, Terra Luna Classic, a notable community member and validator named VegasMorph, has set tongues wagging with a groundbreaking proposal. The suggestion to burn a substantial 8 million TerraClassicUSD (USTC) from the community pool has sparked curiosity and debate within the Terra Luna Classic community.
Terraform Labs and the United States Securities and Exchange Commission (SEC) have agreed on a protective order in their ongoing civil case. U.S. District Court Judge Jed Rakoff, presiding over the case in the Southern District of New York, sanctioned this agreement on December 20.
The legal team of Terraform Labs and Do Kwon have agreed with the SEC on maintaining the confidentiality of certain documents in their trial.
The SEC charged Terraform Labs and its co-founder Do Kwon with allegedly “orchestrating a multi-billion dollar crypto asset securities fraud” in February.
The Terra Luna Classic community votes on another proposal to bring key changes in an effort to revive Terra Luna Classic. Some members of the Terra Luna Classic community pushed a proposal for voting to create an official community-led commonwealth platform.
Do Kwon, a key figure in Terraform Labs, finds himself amid a legal storm as the U.S. Securities and Exchange Commission (SEC) pursues legal action against both him and the company. Meanwhile, this legal drama has taken a new turn with a recent move by Judge Jed Rakoff in the Southern District of New York.
Do Kwon, the co-founder of Terraform Labs, faces a significant legal challenge as the U.S. Securities and Exchange Commission (SEC) continues its lawsuit against him and his company.
In the latest development in the U.S. Securities and Exchange Commission (SEC) lawsuit against Terraform Labs and Terra co-founder Do Kwon, the court has issued a protective order governing the pre-trial phase of the case. While Do Kwon faces extradition proceedings in Montenegro, Terra attorneys request for dismissal of the lawsuit claiming overreach by the
In a recent legal twist, the Montenegro Appeals Court has disrupted the extradition process of Do Kwon, the prominent founder of Terra, shedding light on the intricate web of international law and cryptocurrency. This decision has set off a ripple effect in the high-stakes crypto drama that has captivated global attention.
The Terra Luna Classic community's narrative to burn 800 million USTC is again making a buzz. A ‘legally absolved route' to burn 800 million USTC is now up for governance voting after the community turned down an earlier proposal to burn these through an update to Terrad client.
Former Terra founder Do Kwon has successfully appealed his extradition with a high court in Montenegro and won.
In a significant move, VegasMorph, a key validator and member of the Terra Luna Classic community, has proposed burning the entire 8 million TerraClassicUSD (USTC) currently residing in the community pool. This proposal aligns with the broader discourse on burning 800 million USTC from the Risk Harbor Multisig Wallet, a concept initially suggested by VegasMorph.
A popular Terra Luna Classic community member and validator VegasMorph has come up with a proposal to burn all 8 million TerraClassicUSD (USTC) in the community pool. The move comes amid the renewed narrative to burn 800 million USTC from Risk Harbor Multisig Wallet, which was also initially suggested by VegasMorph.
Citing procedural flaws, the Montenegrin Appeals Court overturns the decision to extradite Do Kwon.
The extradition of Terra Labs' Do Kwon to the United States has been temporarily halted as a Montenegro court has ordered a review of the case.
The Appeals Court in Montenegro has canceled the High Court of Podgorica's approval to send Do Kwon, the crypto entrepreneur, back. According to the official statement on December 19, the Appellate Court pointed out problems in the legal steps, particularly the High Court's decision lacking clear reasons and facts.
In a significant turn of events, a court in Montenegro has overturned the extradition order of Do Kwon, co-founder of Terraform Labs, to the United States or South Korea. The Podgorica-based Appeals Court made the decision, which cited procedural irregularities and lack of clarity in its ruling.
The approval further delays ongoing efforts to extradite Kwon either to his homeland or the United States.
CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, David Riegelnig, the CEO and founder of Rulematch, the new crypto exchange for banks, explains how institutional interest in digital assets grew in 2023.
The founder of Terraform Labs, the crypto firm behind the Terra (LUNA) collapse has won an appeal in Montenegro over being extradited to the United States. According to a statement from the Montenegro Appeals Court, the decision to extradite Terra founder Do Kwon to the US or South Korea has been overturned.
In a surprising turn of events, the Appellate Court in Montenegro has rejected a previous decision by a high court in the country approving the extradition of Terraform Labs founder Do Kwon to either South Korea or the United States.
