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Do Kwon, co-founder of Terraform Labs, has requested a U.S. district judge to dismiss the securities and fraud lawsuit filed by the federal securities regulator. Kwon's defense argues that the Securities and Exchange Commission (SEC) has failed to provide evidence of any wrongdoing.
Do Kwon, the co-founder now-collapsed Terraform ecosystem maintains he and his firm did not skirt U.S. securities laws.
Terraform Labs and its co-founder, Do Kwon, are actively seeking vindication in their ongoing battle with the U.S. Securities and Exchange Commission (SEC). They have petitioned Judge Jed Rakoff of the U.S. District Court for the Southern District of New York to rule in their favor.
Terraform Labs and its co-founder Do Kwon filed a motion for summary judgment with a federal court, asking the judge to dismiss the SEC's securities fraud lawsuit against it.
Lawyers representing Terraform Labs and its co-founder, Do Kwon, have recently approached a New York judge with a bold request. They're seeking a summary judgment, aiming to bring the ongoing legal battle with the Securities and Exchange Commission (SEC) to a swift conclusion.
Lawyers representing Terraform Labs and its co-founder asked a judge to decide a case brought by the SEC in an effort to avoid a full trial.
Terraform Labs and its co-founder, Do Kwon, have approached a federal court to stand by their defense against the U.S. Securities and Exchange Commission's (SEC) allegations of fraud. They argue that the SEC has failed to provide solid evidence that the crypto entity dealt with securities.
Daniel Shin, co-founder of TerraformLabs, appeared in court on Oct. 30 and denied all charges against him in connection with the 2022 collapse of the Terra Ecosystem. He instead laid blame on his associate Do Kwon's “unreasonable” management practices of Anchor Protocol.
Terraform Labs and its co-founder, Do Kwon, are asking a federal judge to side with them in the U.S. Securities and Exchange Commission (SEC) fraud case, arguing that the regulator hasn't managed to prove the crypto company was offering securities.
In an unexpected turn of events, the prices of Terra Luna Classic (LUNC) and USTC tokens have skyrocketed by nearly 15% and 12%, respectively, over the past week. This surge in value has taken both the crypto community and investors by surprise, leaving many intrigued by the reasons behind this impressive rally.
In a nutshell, Proposal 4790 is a forward-thinking plan crafted by TFL to bolster the Terra ecosystem. TFL, armed with its abundant resources and expertise, is committed to taking Terra to the next level.
After the recent upswing, the crypto bulls have calmed as the popular tokens are consolidating within narrow regions. The markets have remained largely stable as the Bitcoin price continues to trade around $34,000. As the markets remain optimistic, the Terra Classic price is closer to rising above the prolonged descending trend.
In a week marked by an upsurge in the cryptocurrency market, Terra Classic (LUNC) has been a notable standout. This rebranded version of LUNA, once a cornerstone of the Terra blockchain platform, is now back in the spotlight.
Citadel said the claims by Terraform was filed to "deflect attention" from its alleged charges.
The warning was issued by a community member named Rexyz, who expressed concerns that the circulating supply data displayed on CoinMarketCap may not provide an accurate representation of the algorithmic stablecoin's liquidity. Terra Classic Community Debates Blacklisting 800 Million USTC Wallet The Terra Classic community is contemplating strategies to revitalize both LUNC and USTC, including periodic asset burning.
As the cryptocurrency market made a surprising upward move earlier this week, turning many assets' weekly charts green, the same happened to Terra Classic (LUNC), and a question arises as to whether this cryptocurrency is capable of one day surpassing the price of one cent.
The Terra Luna Classic community has been discussing whether to burn 800 million USTC to help revive LUNC. They initially voted to block a wallet with 800 million USTC, but now they're reconsidering due to worries from developers and validators who fear it might harm the blockchain.
The Terra Luna Classic community has been debating and discussing about burning 800 million USTC to help repeg USTC and revive LUNC. Despite passing a proposal to blacklist Ozone Protocol wallet containing 800 million USTC, the community is again voting to nullify the proposal as some developers and validators raised concerns over the code change
The Terra Classic, a cryptocurrency project, has been striving to restore the value of its tokens, LUNC and USTC, for a considerable period. However, it has faced significant challenges in achieving this goal, leading to disappointment among many investors.
In the ever-evolving realm of cryptocurrencies, Luna Classic has emerged as a true phoenix, rising from the ashes of adversity. With an impressive 74.6 billion tokens burnt and a daily burn rate exceeding 95.8 million tokens, Luna Classic's journey from the brink of collapse to revitalization has captured the attention of crypto enthusiasts and investors worldwide.
Jump Trading's significant profits of $1.28 billion during the tumultuous period shed light on the firm's role in stabilizing terraUSD's value.
The defense for Terraform Labs and Do Kwon have submitted new evidence about Jump Trading's (Jump) role in the collapse of the TerraUSD (UST) stablecoin. The letter, submitted to the Supreme Court of Singapore, offers insight into UST trading on KuCoin during its May 2021 and May 2022 depeg.
In every court hearing, a new layer is presented. Right now, the Terra land is full of chaos as the firm copes with misleading chat history, forged document claims, and whatnot! The latest is Jump Trading.
Kwon has been accused of misleading investors about the terraUSD stablecoin, whose 2022 collapse ricocheted around the crypto world.
