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Binance burns 1B of LUNC in the monthly burning batch. Is USTC up next in the crypto cremation chamber?

Court documents from the SEC show a text exchange where disgraced crypto mogul Do Kwon admitted to planning to generate fake transactions on the Terra blockchain to boost volume and fees.

In the fast-paced world of cryptocurrencies and blockchain technology, trust is paramount. Investors and enthusiasts rely on transparency and integrity within the ecosystem to ensure the safe and ethical operation of projects.

Fallen crypto star Do Kwon reportedly admitted to manipulating trading volumes to attract investors, Slack messages presented by the U.S. Securities and Exchange Commission (SEC) in court as evidence shows.

The LUNC community has voted against a proposal to allocate $15,000 per month to fund Terra Rebels. The proposal narrowly missed approval in a closely contested voting process.

In the heart of the Terra Classic ecosystem, a groundswell of activity is captivating the attention of crypto enthusiasts and investors alike. At the center of this whirlwind is a pivotal vote that holds the fate of validator commissions in the balance.

In the wake of the U.S. Securities and Exchange Commission's (SEC) call to depose Terraform Labs creator and former CEO Do Kwon, the SEC unveiled an alleged exchange between him and his former associate Daniel Shin.

Terraform Labs co-founder Do Kwon is pushing back against the United States Securities and Exchange Commission (SEC) regarding Slack messages presented as crucial evidence in an ongoing legal battle.

Terraform Labs (TFL) received a sliver of good news among controversies. A legal filing dated January 9 revealed that Albright Capital voluntarily dismissed its class-action lawsuit against the company.

In the realm of crafting written content, three critical factors come into play: “perplexity,” “burstiness,” and “predictability.” Perplexity, in essence, gauges the intricacy of the text at hand.

Terraform Labs' Do Kwon dismisses leaked Slack chats as irrelevant evidence, countering claims of transaction manipulation. The legal team insists on a misinterpretation of messages, emphasizing their irrelevance to the SEC's case.

It seems to be another day in Terra land. The firm is coping with misleading chat history, forged documents claims and whatnot! In this dark backdrop, Terra Classic's (LUNC) price has taken a toll, currently trading below its moving averages and 52-week highs.

Slack conversations between Terraform Labs' co-founders Do Kwon and Daniel Shin have exposed their contemplation of orchestrating fraudulent transactions on the Terra blockchain.

According to a Sept. 22 filing, the co-founders of the now-defunct Terra blockchain project are alleged to have planned to create fraudulent transactions during the project's development.

"I won't tell if you won't," Terra's Do Kwon said, according to SEC documents.

Do Kwon has been summoned by the SEC for an in-person interrogation. Kwon and his legal representatives filed a petition to dismiss the request

The legal representatives of Do Kwon, the co-founder of Terraform Labs, have approached a federal court with a plea to prevent the United States Securities and Exchange Commission (SEC) from interrogating him on American soil regarding the failure of the Terra ecosystem. A recent filing on September 27 revealed that Kwons attorneys argued that its infeasible for the SEC to question him stateside before October 13.

In the fast-paced and ever-evolving world of cryptocurrency, Terra Classic (LUNC) has made a remarkable entrance onto the stage, grabbing the attention of investors and enthusiasts alike. Its recent performance has been nothing short of impressive, boasting a substantial seven-day price surge of 13% and a jaw-dropping 323.66% spike in the past 24 hours.

Kwon is not eager to leave Europe, as American lawmakers are prepared to ask inconvenient questions.

Luna Classic's 12% pump over the past day took it above the 23.6% Fib level, as bulls look to rally again.

The legal team defending Do Kwon, the co-founder and former CEO of Terraform Labs, argues that the U.S. Securities and Exchange Commission (SEC) lacks the capacity to depose Kwon, deeming it an “impossible” feat.

Lawyers argue that facilitating Kwon's presence in the U.S. is impossible. His detention in Montenegro hinders written testimony to the SEC, violating his due process rights.

The legal team representing Do Kwon, the former CEO of Terraform Labs, has firmly declared that the United States Securities and Exchange Commission's (SEC) demands for his deposition are impractical

“Challenging the SEC's request for his interrogation within the United States, Terraform Labs co-founder, Do Kwon, and his legal counsel have approached a federal court.