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The court has issued an order regarding expert witnesses in the U.S. Securities and Exchange Commission (SEC) lawsuit involving Terraform Labs and former CEO Do Kwon. The Daubert hearing allowed parties to scrutinize the challenged expert openly to assess the admissibility of their testimony.
The court has announced an order on expert witnesses in the U.S. Securities and Exchange Commission (SEC) lawsuit against Terraform Labs and former CEO Do Kwon. The court held Daubert hearing giving parties to examine the challenged expert in open court to set expert witnesses' testimony to evaluate admissibility.
The crypto market has displayed a strong positive price action, as the industry has added significant value to its portfolio this month. Many coins have recorded a new yearly high during this time, indicating a bullish influence over the space. Terra tokens have gained massive attention from the market following their recent price pumps.
This module calculates the minimum commission for validators based on their voting power, bringing an innovative feature to the LUNC ecosystem. The proposal received strong support from the community, with a 93% “Yes” vote and a 7% “Abstain” vote, showcasing near-unanimous approval.
In a significant stride toward bolstering its protocol capabilities, Terra Luna Classic, a prominent blockchain platform, has unanimously greenlit the implementation of Proposal 11874 for the v2.3.0 upgrade. This transformative move, validated through community governance voting, marks a pivotal moment for the Terra Luna Classic ecosystem.
Terra Classic Price Prediction: The cryptocurrency market is currently navigating through a phase of uncertainty, exacerbated by the US SEC's delay in approving some Bitcoin spot ETFs. This development has had a ripple effect on the broader altcoin market, including LUNC (Luna Classic), which has experienced a significant downturn.
Why did transactions spike on Polygon? What's Terra's plan post-Do Kwon? And why did South Korea buy Coinbase shares? Read on to find out.
The Terra Luna Classic community has given the thumbs up to the v2.3.0 upgrade proposal through governance voting. This on-chain deployment includes the terrad client v2.3.0, known as “v6,” featuring a dynamic validator commission module.
Terra Luna Classic proposal for the v2.3.0 upgrade has been approved by the community through governance voting. The on-chain deployment of terrad client v2.3.0, also referred to as “v6” incorporates dynamic validator commission module.
LUNC holds onto bullish divergence following Terraport's resurgence while Terra Classic chain upgrade is coming up next.
Do Kwon, the ex-CEO and creator of Terraform Labs, had appealed to overturn a passport fraud conviction imposed by a Montenegro court. The court, however, rejected Kwon's appeal and upheld the guilty verdict.
Terraform Labs founder Do Kwon lost his appeal of a 4-month prison sentence in Montenegro for passport fraud, clearing the way for his extradition to face criminal charges related to Terra's collapse in South Korea or the US.
Do Kwon, the former CEO and founder of Terraform Labs, has been unsuccessful in his appeal against a passport fraud conviction mandated by a court in Montenegro. What Happened: CryptoSlate reported on Wednesday that Kwon and his associate, Han Chang-joon, had been indicted for passport document falsification in June.
Do Kwon, the founder and former CEO of Terraform Labs, lost an appeal after being convicted of passport fraud, a Montenegro court ordered on Nov. 16. In June, Kwon and fellow Terra associate Han Chang-joon were convicted of falsifying passport documents by the Basic Court in Podgorica, Montenegro's capital city.
Attorneys representing Terraform Labs and Do Kwon have filed a motion for summary judgment, arguing that the defendants didn't do anything wrong and the judge overseeing the case should make a ruling without moving the case forward to a trial. The lawyers claim that the SEC has failed to prove that the company offered securities after two years of investigation and extensive discovery.
The Terraform Labs founder. Do Kwon, has been sentenced to four months in prison as he faces extradition based on compliance with his sentence.
Do Kwon's final appeal to undo his incarceration in a Montenegrin prison was refused by a high court, leaving Terra's former CEO awaiting extradition rather than freedom.
The SEC has requested summary judgment against Terraform Labs (TFL) and Do Kwon in their lawsuit alleging violations of securities and exchange laws. The SEC argues that TFL and Do Kwon created and marketed crypto assets such as LUNA and UST as securities, violating securities laws and defrauding investors of $45 billion.
A Montenegro Higher Court upheld the verdict of the Basic Court against South Korean citizens Do Kwon and Han Chang-joon in June, sentencing them to four months imprisonment in a passport forgery lawsuit. Former Terra executives will also face extradition proceedings after the passport forgery case, with likely extradition to home country South Korea.
Do Kwon, the founder of Terraform Labs, has been sentenced to four months in prison by a Montenegrin court for falsifying documents. The decision follows an appeal by Kwon and fellow executive Han Chang-Joon, who were arrested in March 2022. The court's statement described the sentence as “adequate” punishment for the crime committed.
The founder of Terraform Labs was sentenced to four months in prison, and faces extradition following the completion of his sentence.
Binance just said they're going to help with the upgrade of Terra Classic (LUNC) network. This upgrade is set to happen around 12:00 on November 20, 2023, specifically at block height 15,493,370.
LUNC, the native token of Terra Classic, surged by a remarkable 45%, removing a zero from its price. This substantial market shift directly follows the approval of a crucial proposal by the Terra Classic community.
Terraform Labs, leading the Terra ecosystem, takes a bold step to recover from a catastrophic collapse by acquiring Pulsar Finance. This signals a strong comeback for Terra (LUNA), the cryptocurrency responsible, along with its stablecoin UST, for the 2022 crypto market crash.
