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Terraform Labs co-founder Do Kwon has opposed the U.S. SEC's extradition request due to his detention in Montenegro.

With LUNA and LUNC price growing due to the burning events, the buyers are actively increasing the demand. The sharp increase in the market over the last few days has created waves in the crypto market. With new buyers ready to join in on the FOMO rally, LUNC price might face multiple oppositions ahead.

Kwon's legal representation strongly opposes his testimony before U.S. authorities. As per his legal team's stance, the extradition to the U.S. is deemed an impossibility.

The crypto industry continues to hover around its support levels as the bulls struggle to stabilize the price. Terra LUNC, on the other hand, has managed to trade positively as the price has gained over 12% in the past week. The LUNC coin has been trading in an ascending trendline since mid-September.

Terra Classic (LUNC) from the past few weeks is in the green zone, with a cumulative seven-day price increase of 13%. With a great trading volume, LUNC has peaked by 323.66% in the last 24 hours, propelling its price to $0.00006508, representing an 8% gain amidst a broader passive crypto market.

The Terra Classic (LUNC) ecosystem is experiencing a surge in bullish momentum, closely following the upward trajectory of its sister project, Terra LUNA. Recent market data from Binance-backed Coinmarketcap reveals a remarkable 214 percent increase in Terra Classic LUNC's 24-hour trading volume, reaching approximately $59 million.

The Securities and Exchange Commission (SEC) is seeking to depose Terraform Labs co-founder Do Kwon in the U.S. by Oct. 13, according to a legal filing reviewed by CryptoSlate. This comes despite Kwon currently being detained in Montenegro pending potential extradition.

Lawyers representing imprisoned Terraform Labs co-founder Do Kwon have urged a US federal court to reject a request from the SEC to question Kwon in America by October 13.

The SEC filed a lawsuit in February 2023 against Terraform Labs, saying that the company had misled investors about the soundness of its TerraUSD stablecoin. Since the case's upcoming discovery deadline, October 13, is knocking on the door, the SEC is now more determined than ever to interrogate Kwon personally.

In a crypto market characterized by recent fluctuations and uncertainty, Terra Classic (LUNC) has been on a rollercoaster ride for nearly six weeks. During this period of high volatility, the coin has carved out a short-term sideways trend, leaving many investors wondering about its future direction.

The Terraform Labs co-founder has pushed back against the SEC's request to question him in the United States.

The legal team of Terraform Labs former CEO Do Kwon declares that the United States Securities and Exchange Commission (SEC) deposition request is not viable.

Lawyers representing Do Kwon, the former CEO of Terraform Labs, have pushed back against the U.S. Securities and Exchange Commission's (SEC) bid to depose him on American soil. The legal team argues that Kwon's current detainment in Montenegro makes it impossible for him to comply with the SEC's request.

Do Kwon, the founder of Terra Labs, is embroiled in a battle against the Security and Exchange Commission (SEC). The SEC is making concerted efforts to extradite him to the United States.

The legal defense for Terraform Labs submitted a court filing that aims to show that its former CEO, Do Kwon, cannot be extradited to the United States. In a Sept.

Terraform Labs founder Do Kwon has firmly contested the U.S. Securities Exchange Commission's (SEC) bid to interrogate him within the United States concerning the tumultuous downfall of Terra and Luna stablecoins.

A court should oppose the SEC's move to take former Terra CEO Do Kwon's deposition in the U.S. because he is detained, his lawyers argued.

The TerraUSD creator opposes the SEC's attempts to bring him back to the U.S. for questioning about his failed stablecoin projects.

Over the past week, the Terra Luna ecosystem has taken the altcoin market by storm, with both LUNA and LUNC experiencing remarkable surges. Traders are becoming more bullish as these altcoins break several resistance levels in quick succession, indicating a comeback in buying interest.

For almost six weeks, the LUNC price has witnessed high volatility, establishing a short-term sideways trend. Within this consolidation period, an ascending support trendline has been acting as a cushion for buyers, preventing the coin from a significant downside.

In the ever-evolving world of blockchain technology, the concept of self-governance stands as a defining pillar. Now, the Terra Luna Classic community takes center stage by leading a pivotal vote for a soft fork, ushering in a new era of technical advancements and financial possibilities.

Terra chain to secure a soft fork boost as $LUNC lingers above crucial support levels.

The Terra Luna Classic community is gearing up for a vote on a soft fork, which aims to establish a minimum commission requirement for validators and introduce various technical enhancements. This decision follows a recent proposal to increase the minimum deposit amount to 5 million LUNC to deter spam proposals.

Members of the Terra Luna Classic community are set to vote for a soft fork that brings about setting minimum commission for validators along with some other technical improvements. This comes after the recent proposal to raise the minimum deposit amount to 5 million LUNC to prevent spam proposals.