Terra Financial News

28.09 / 01:33

Law regulation SEC LUNC Terra Extradition Do Kwon says SEC's extradition request is impossible

Lawyers for Terraform Labs co-founder Do Kwon have requested a federal court to reject the United States Securities and Exchange Commission’s (SEC’s) request to question him in the U.S. over the collapse of the Terra Money ecosystem.

24.09 / 06:43

Stablecoin Adoption Voting LUNC Terra Terra Classic community elects to cease USTC minting

The Terra Classic community has voted in favor of ceasing all minting and reminting activities related to TerraClassic USD (USTC), with the objective of reestablishing a stable peg between USTC and the U.S. dollar.

10.09 / 08:30

Blockchain defi LUNC Terra Terra Luna Classic contemplates deposit hike to curb spam proposals

The Terra Luna Classic is presently voting on multiple proposals, with concerns raised about an uptick in "spam" proposals following a decline in LUNA prices. A new proposal seeks to raise the minimum deposit requirement from 1 million LUNA to 5 million LUNA, with expectations of a potential price increase ahead of the upgrade.

25.08 / 13:36

business regulation Court Terra Vauld gets permission for board restructuring from the court

Vauld, a Singapore-based crypto exchange that has been in ongoing bankruptcy proceedings since August 2022, has said that it had received permission from the court to restructure its board. The new top management will lead the company’s bailout process.

24.08 / 20:55

business Stablecoin Investments Bankruptcy Terra Lost Prime Trust parent company lost $8M investing in TerraUSD

The parent company of crypto custodian Prime Trust, currently involved in Chapter 11 bankruptcy proceedings, has reported losing roughly $8 million in client and treasury funds through TerraUSD investments.

22.08 / 11:55

defi Altcoin Scams phishing LUNC Terraform Labs Terra Phishing scams Terra.money website frozen to prevent more phishing scams

Layer-1 blockchain Terra has temporarily shut down its website in order to protect users from ongoing phishing scams on the platform.

21.08 / 18:19

Altcoin Science Terra Scientists reverse-engineered the Luna flash crash using particle physics

Do Kwon: "95% are going to die [coins], but there's also entertainment in watching companies die too" 8 days ago. Ironic. pic.twitter.com/fEQMZIyd9a

18.08 / 02:41

business SEC Court Terraform Labs Terra SEC seeks to question Terraform Labs co-founder Daniel Shin in Korea

The United States Securities and Exchange Commission has been granted a motion to seek assistance from South Korea to question Terraform Labs co-founder Daniel Shin — as it builds its case against the firm and co-founder Do Kwon.

09.08 / 01:43

Ripple XRP SEC Southern Terra country SEC-Ripple Ruling a ‘Silver Lining’ for South Korean Prosecutors in Do Kwon Case

The XRP trial ruling may reportedly negatively impact South Korean prosecutors’ bid to convict Do Kwon and Terraform Labs of fraud and securities violations, but officials claim otherwise.

07.08 / 17:47

Stablecoin PayPal USDT Terra UST Global Payment Firm PayPal Launches Crypto Stablecoin – How Does it Work?

Global digital payments giant PayPal Holdings Inc. is stepping into the stablecoin market.

01.08 / 18:45

SEC TerraUSD Terra Terraform Labs Lawsuit: Judge Rejects Motion to Dismiss SEC Case

A US Judge has denied Terraform Labs' motion to dismiss a securities fraud lawsuit filed against it by the Securities and Exchange Commission (SEC).

01.08 / 15:41

regulation FTX Court Terra Bankruptcy judge signs off on order allowing Terraform Labs to subpoena FTX entities

A judge in the bankruptcy case for defunct crypto exchange FTX has issued an order allowing Terraform Labs to subpoena information that could be used in its case brought by the United States Securities and Exchange Commission (SEC).

01.08 / 00:19

regulation SEC Fraud LUNC Terra Judge rejects motion to dismiss Terraform case, disagrees with Ripple decision

A United States Securities and Exchange Commission (SEC) lawsuit against Terraform Labs is set to go ahead after a U.S. judge overseeing the case denied the firm's motion to dismiss on July 31.

27.07 / 11:45

Blockchain Ethereum Cosmos Terra fall Cosmos Blockchain Project Faces 'Existential' Challenge with Terra's Fall and Ethereum's Rise

Cosmos, a once-pioneering blockchain ecosystem renowned for its groundbreaking concept of interconnected blockchains called "appchains" and its innovative proof-of-stake consensus mechanism, is now facing an uphill battle for survival.

24.07 / 22:07

business Blockchain wallet Rewards Terra Arkham Intel Exchange approves $5K bounty for info on Do Kwon and Terra wallets

A platform aimed at “deanonymizing the blockchain” has accepted its first submission concerning information on wallet addresses connected to Terraform Labs and its co-founder, Do Kwon.

23.07 / 02:51

Twitter defi regulation Terra Terra interim CEO says any 'little progress' made gets derailed by accusations

Terraform Labs faces a “big hill to climb” as the progress of its various projects in development are constantly being impeded by frequent accusations, according to Terra’s new interim CEO Chris Amani.

21.07 / 10:37

SEC FTX Terra sec lawsuit Terraform Labs Seeks Data from FTX Wallets for SEC Lawsuit Defense

Terraform Labs, the development firm behind Terra network and the failed stablecoin TerraUSD (USTC), is seeking permission from a court to get access to data from the bankrupt crypto exchange FTX.

20.07 / 19:03

business SEC Terra Luna Terra Terraform Labs seeks access to FTX wallets in fraud defense

Terraform Labs is seeking permission from a judge to subpoena data from bankrupt crypto exchange FTX, claiming the information could help its defense against a lawsuit brought by the United States Securities and Exchange Commission (SEC) in February, a court filing shows.

20.07 / 09:07

business Terraform Labs Terra Terraform Labs appoints new CEO from existing team: Report

As the co-founder of Terraform Labs, Do Kwon, is facing possible extradition to South Korea or the United States from a jail cell in Montenegro, the company has appointed a new CEO. Kwon still remains the principal shareholder of Terra.

10.07 / 22:49

Legal Terra Luna Terra Terra Classic Terraform Labs Co-founder Faces Legal Proceedings: Trial Preparations Underway

Legal proceedings have been initiated against Shin Hyun-Seong, also known as Daniel Shin, concerning charges concerning alleged illicit profits from the sale of Terra (LUNA) tokens.

10.07 / 15:55

Law regulation Court Terraform Labs Terra Legal proceedings start for Terraform Labs co-founder in South Korea: Report

Terraform Labs co-founder Shin Hyun-Seong, also known as Daniel Shin, has reportedly had his first hearing for charges related to allegedly illicit profits from the sale of Terra (LUNA).

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