Terra Financial News

05.07 / 19:15

business crimes transactions Terra Crypto user moves $160M Bitcoin from Luna Foundation Guard wallet: Report

An unknown party has moved more than $160 million worth of Bitcoin from a wallet reportedly tied to Luna Foundation Guard (LFG), the organization connected to Terraform Labs and its co-founder Do Kwon.

02.07 / 09:37

Blockchain Binance defi LUNC Terra Binance conducts 11th LUNC burn, 2.65 billion tokens destroyed

Binance, the world’s largest crypto exchange, has burned 2.65 billion Terra Classic (LUNC) tokens in its 11th burn round.

25.06 / 09:39

business Blockchain Stablecoin Tokens Terra Terra Classic Terra Allies’ Six Samurai team aims to revive the ecosystem

After a joint governance proposal on liquid staking derivatives in Terra Classic (LUNC), a new proposal emerged for the next quarter suggesting the formation of a dedicated team consisting of six senior full-stack engineers.

19.06 / 14:51

SEC Terraform Labs Terra Montenegro Court Terraform Labs Co-Founder Do Kwon Found Guilty of Using False Passports in Montenegro Court

Terraform Labs co-founder Do Kwon was found guilty of using fake passports in a court in Montenegro on Monday.

19.06 / 06:39

Law regulation Europe Court LUNC Terra Agency Do Kwon denies forging passport, blames ‘Chinese' agency: Report

Terraform Labs founder Do Kwon told a Montenegro court that he wasn’t aware the passport he was traveling with was allegedly forged and instead pinned the blame on a Chinese-named agency.

19.06 / 01:07

CEO HANS Terra Terra’s Do Kwon Blames ‘Chinese-named Agency’ for ‘Fake Passports’

Do Kwon, the Terraform Labs founder and CEO, has told a Montenegro court that he did not know the “fake” travel documents he was allegedly trying to leave the country with were forged – and blamed a “Chinese-named agency.”

16.06 / 10:27

Terra Luna UST Extradition Terra Luna Founder Do Kwon to Stay in Custody Amid South Korea's Extradition Request

Do Kwon, the founder of failed blockchain project Terra, could stay in custody for up to six months while Montenegro's courts consider an extradition request from South Korea.

16.06 / 02:42

regulation Terraform Labs Terra bail Extradition Do Kwon heading into extradition custody in Montenegro after receiving bail: Report

Terraform Labs co-founder Do Kwon will reportedly be taken into extradition custody in Montenegro, according to a report by the regional edition of Radio Free Europe (RFE). He also faces questions about ties to a local political figure.

13.06 / 05:01

business Law Stablecoin Court Terra class action Jump Trading seeks to move Terra class action suit to California

Algorithmic and high-frequency trading firm Jump Trading is seeking to have the class action lawsuit against the firm moved from Illinois to a Northern district court in California, arguing that it would significantly speed up legal proceedings.

08.06 / 06:03

business regulation Court Terraform Labs Terra Prison Do Kwon could serve prison in both US and South Korea, prosecutor says

Terraform Labs co-founder and CEO Do Kwon may be subject to multiple sentences in the United States and South Korea, according to a senior South Korean prosecutor heading the investigation.

08.06 / 01:07

XRP SEC Fighting HANS Terra S Korean Court Set to Decide If LUNC Is a Security – Trial of Terraform’s Shin to Begin

The trial of the Terraform Labs Co-founder Daniel Shin is set to begin in South Korea – with prosecutors determined to prove that Terra Classic (LUNC) is a security.

06.06 / 19:16

regulation crimes Court LUNC Terraform Labs Terra bail Do Kwon out on bail once again after court dismisses prosecution appeal

According to an official release from the court, an appeal against an earlier bail agreement by the State Prosecutor’s office was cast aside allowing Do Kwon and Terraform Labs’ chief financial officer Han Chang-Joon to await further legal proceedings under house arrest in the country.

06.06 / 17:17

CEO HANS Terra bail Do Kwon Set for Bail After Montenegro Ruling – LUNC Prices on the Rise

A fresh Montenegro court ruling means Do Kwon, the Terraform Labs founder and CEO, could be released on bail again.

30.05 / 12:27

regulation Terra From Beijing to Tokyo, Asian nations get active in crypto regulation: Law Decoded, May 22–29

Last week, almost all the key markets for digital assets in Asia got updates from local regulators. Lawmakers in Japan have decided to enforce stricter Anti-Money Laundering measures to trace cryptocurrency transactions from June 1.

24.05 / 17:55

TerraUSD Terraform Labs Terra bail Montenegro Court Terraform Labs’ Do Kwon’s Bail Revoked in Montenegro Court: Bloomberg

A court in Montenegro has repealed a lower court’s decision under which to release Terraform Labs co-founder Do Kwon on bail, according to Bloomberg News.

22.05 / 10:51

Legal Court Terra bail Terra Founder Do Kwon Having His Bail Conditions Appealed in Montenegrin Court

Prosecutors in Montenegro appealed against the bail terms of Terra/LUNA co-founder Do Kwon and chief financial officer Han Chang-Joon.

18.05 / 09:37

regulation Court Terra bail Montenegro prosecutors appeal against Do Kwon’s bail terms

Terra co-founder Do Kwon’s bail is now in question after the State Prosecutor’s Office filed an appeal against it. Kwon is still wanted for extradition by South Korea and has criminal charges to answer in the United States.

16.05 / 19:59

SEC Court Terraform Labs Terra Jump Trading Allegedly Supported Terra Before It Collapsed, New SEC Filings Show

A US regulator’s court filings confirm that Jump Trading secretly supported Terraform Labs — the company behind the failed algorithmic stablecoin — about a year before the company collapsed.

15.05 / 14:49

regulation SEC coinbase Terra SEC under fire for its custody rule: Law Decoded, May 8–15

Last week was harsh for the United States Securities Exchange Commission (SEC), with industry figures and officials publicly criticizing the regulator.

15.05 / 10:01

CEO Tether USDT HANS Terra Luna bail Do Kwon ‘Cashed out $2.8m Worth of USDT & LUNC’ Before Montenegro Bail Release

The Terraform Labs Co-founder and CEO Do Kwon reportedly “cashed out” $2.8 million worth of crypto before being released on bail in Montenegro on Friday.

14.05 / 16:31

Terra UST Alleged TerraUSD Price Manipulation Results in $1.3B Lawsuit Against Jump Trading

Jump Trading has been sued for conspiring to manipulate the price of TerraUSD (UST) following the stablecoin’s unprecedented collapse.

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