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The specifics regarding the documents subject to the subpoena were unclear, but it was noted that Genesis had failed to furnish the required information by the deadline of October 9th.
In an exciting development for the Terra Luna Classic ecosystem, the L1 Task Force (L1TF) has embarked on a strategic journey to elevate the platform's performance, resolve issues with decentralized applications (DApps), and support governance proposals approved by the community. The move comes as LUNC and USTC token prices face persistent pressure in the volatile cryptocurrency market.
Terra Classic's L1JTF developers uncover their next steps in the ongoing Terra Classic revival quest.
In the dynamic realm of cryptocurrencies, where fortunes can be made and lost in the blink of an eye, two digital assets have captured the attention of both seasoned investors and newcomers: Luna Classic (LUNC) and Bitcoin Spark (BTCS). This article delves into the fascinating stories behind these two cryptocurrencies, shedding light on their potential for investors in the ever-evolving world of crypto.
On October 10, Terraform Labs took legal action by filing a motion in the U.S. District Court for the Southern District of Florida. They're seeking permission to investigate Citadel Securities' trading records.
The core developer of Terra Luna Classic, known as L1 Task Force (L1TF), has shared their next steps in the Terra Luna Classic revival plan. They intend to enter maintenance mode in Q4, concentrating on addressing blockchain and Dapp-related issues, along with supporting approved governance proposals.
Terra Luna Classic core developer L1 Task Force (L1TF) has revealed their next focus in the Terra Luna Classic revival roadmap. L1TF has announced the plan to enter maintenance mode for Q4, handling issues with blockchain and Dapps, as well as support for approved governance proposals.
The price of Terra LUNA Classic is lacking any buying pressure. However, a breakout from the falling wedge could be very bullish.
In a recent directive from the U.S. District Court of the Southern District of New York, Judge Jed Rakoff has clarified his stance: Genesis Global must immediately produce specific documents that have been requested via a subpoena from Terraform Labs. Issued on Oct.
Genesis and its associated companies were ordered by a judge to produce documents on Oct. 13, as part of a securities case initiated by the U.S. Securities and Exchange Commission (SEC) against Terraform Labs. The U.S.
The order was unclear as to the nature of the documents under subpoena, but stated Genesis had failed to provide the information by Oct. 9.
LUNC price movement points to brief propulsion after community votes 55% in favor of key USTC burn proposal.
In an intriguing disclosure, Do Kwon-co-created Terraform Labs has held trading firm Citadel Securities responsible for causing its so-called algorithmic TerraUSD (UST) stablecoin to lose its peg to the U.S. dollar in 2022.
In recent developments, Terraform Labs, a crypto network that's no longer operational, has accused Citadel Securities of being involved in a deliberate plan to disrupt its stablecoin, TerraUSD Classic (USTC), back in 2022. This disruption ultimately led to the stablecoin's failure.
Terraform claims evidence of Citadel Securities' head, Ken Griffin, planned to short stablecoin using Soros' strategies.
Terraform Labs has implored the presiding judge to grant its motion, compelling Citadel Securities to disclose their trading data.
One of the most shocking downfalls of the cryptocurrency industry was that of Terraform Labs. The demise occurred with the fall of UST coins issued by Terraform Labs. In recent developments, Terraform alleges Citadel to be responsible and the main reason for this downfall.
Over the past two months, the LUNC price has been on a turbulent ride, with substantial price swings but no contribution to any particular trend. However, the altcoin market's recent downturn has pushed this crypto into a bearish phase, dropping it from a high of $0.000067 to its current price of $0.00005684.
Terraform Labs seeks trading data from Citadel Securities, alleging involvement in the UST stablecoin collapse.
Terraform Labs has filed a court motion to force Citadel Securities to hand over documents that Terra claims show the market maker had a hand in last year's collapse of the TerraUSD (UST) stablecoin.
Terraform Labs, founded by Do Kwon, has once again accused Citadel Securities of deliberately causing the depegging of its TerraUSD (UST) stablecoin in 2022. On Oct.
Terraform Labs, the blockchain company founded by Do Kwon, is once again pointing the finger at market maker Citadel Securities for its alleged involvement in the collapse of its TerraUSD (UST) stablecoin.
As for the evidence, Terraform points to an alleged conversation Citadel CEO Ken Griffin had with a pseudonymous trader.
Terra Luna Classic, the growing crypto community, has made waves by endorsing a pivotal proposal concerning a massive 800 million USTC token burn. This recent development sent ripples throughout crypto, pushing traders to hike their bids.
