Terra Financial News

13.05 / 18:15

business Stablecoin Trading Terra Jump Trading faces lawsuit over alleged $1.3B profit from TerraUSD

A lawsuit filed in a district court in Illinois details Jump Trading's alleged involvement with Terra Labs in manipulating the price of algorithmic stablecoin TerraUSD (UST). According to court documents from May 9, the firm purchased millions of UST tokens in 2021 hoping to manipulate its value to reach $1.

12.05 / 12:23

business regulation Court Terra Luna Terra bail Montenegro Court Terra Luna founder Do Kwon's bail terms officially accepted by Montenegro court

Montenegro has granted approval to the bail terms proposed by Do Kwon, who was charged with the criminal offense of document forgery under Montenegrin law.

11.05 / 15:29

Law regulation crimes Terra Lawyers bail Do Kwon's lawyers propose $436K bail as authorities prepare for June trial

Authorities in Montenegro are moving forward with charges against Do Kwon and his former aide Han Chang-joon as lawyers for the Terra co-founder requested conditions for bail.

10.05 / 18:51

business Terra Luna Terra $176M of Do Kwon's assets are frozen: Report

On May 10, local news outlet Hankyung reported that Do Kwon, co-founder and former CEO of Terraform Labs, had over 233.3 billion Korean won ($176 million) in personal assets frozen as part of ongoing criminal proceedings.

05.05 / 17:39

Blockchain defi LUNC Terra Extradition Prosecutor says Do Kwon's extradition to South Korea would best serve Terraform Labs' victims: Report

South Korean authorities are seeking the extradition of the co-founder and former CEO of Terraform Labs, Do Kwon. The prosecutor overseeing the investigation believes his repatriation would best serve the victims of the TerraUSD (USTC) and LUNA token collapses, The Wall Street Journal reported.

05.05 / 04:23

Law regulation Terra class action Terraform Labs seeks to dismiss class action arguing US laws don’t apply

Terraform Labs is seeking to have a class action lawsuit against the firm dismissed, arguing the United States securities laws referenced are not applicable to its foreign-developed protocols.

26.04 / 10:35

SEC Legal Investment Terraform Labs Terra Terra Co-Founder Among Ten Formally Charged in South Korea Following Months-Long Investigation – $185 Million Worth of Assets Frozen

South Korean prosecutors have indicted Terraform Labs co-founder Daniel Shin and nine others on several charges, including violations of capital markets law related to the failed Terra/Luna project.

25.04 / 09:39

Blockchain regulation LUNC Terra Luna Terraform Labs Terra Terraform Labs co-founder and nine others indicted in South Korea

The financial crimes unit at the Seoul Southern District Prosecutors’ Office reportedly indicted Terraform Labs co-founder Shin Hyun-seong and nine other individuals for the collapse of the Terra stablecoin ecosystem.

24.04 / 11:35

Blockchain regulation security Terra NOT LUNA token is not a security, rules S.Korean court in Terra co-founder case

A South Korean district court has dismissed charges of security violations against former Terraform Labs CEO and co-founder Hyun-seong Shin. The court deemed LUNA (LUNA) (the native token of the LUNA ecosystem) as non-security under Korea’s Capital Markets Act.

24.04 / 10:37

Digital SEC CEO Discover Terra Lawyers Do Kwon Lawyers: SEC Has No Terra Jurisdiction – Could CEO Walk Free?

The legal team of the Terraform Labs Co-founder and CEO Do Kwon has hit out at the United States Securities and Exchange Commission (SEC) – claiming Terra coins are not securities.

22.04 / 06:17

business regulation SEC Fraud Court Terraform Labs Terra Lawyers Do Kwon lawyers reportedly dismiss SEC's securities fraud allegation

The lawyers representing Terraform Labs co-founder Do Kwon reportedly argued in court against the allegations pressed by the US Securities and Exchange Commission (SEC). The federal agency had sued Kwon for allegedly defrauding US investors by illegally offering unregistered securities.

21.04 / 13:17

UPS HANS Terra Terraform Labs Co-founder Do Kwon and CFO Charged with Forgery by Montenegro Prosecutors

Terra founder Do Kwon and Terraform Labs’ chief financial officer Han Chang-joon are both accused of forgery by prosecutors in Montenegro.

20.04 / 11:59

regulation Altcoin Police Terraform Labs Terra Terra co-founder Do Kwon reportedly indicted for document forgery

Prosecutors in Montenegro have reportedly issued the indictments to Terra co-founder Do Kwon after arresting the executive in late March.

18.04 / 18:29

LUNC Terra Luna Classic Time Terra Luna Classic Price Prediction: LUNC's 14-Day Uptrend Signals Strong Growth Ahead – Time to Buy?

Luna Classic (LUNC), the cryptocurrency that powers the now largely defunct original Terra blockchain, has been in a technical uptrend since last March, signaling possible price strength ahead. Price predictions are thus somewhat upbeat, at least in the short term.

17.04 / 09:27

TerraUSD Terra Luna Terra New Report: Terra Founder Do Kwon Sent Millions of Dollars to Law Firm Before Collapse of Terra – Here's What You Need to Know

Terraform Labs founder Do Kwon sent millions in funds to a local law firm in South Korea just before the implosion of the Terra ecosystem.

15.04 / 09:43

business Law regulation LUNC Terraform Labs Terra Lawyers Do Kwon lawyers received $7 million before Terra collapse: Report

South Korean prosecutors confirmed that Terraform Labs CEO Do Kwon sent 9 billion won ($7 billion) to Kim & Chang — a top South Korean law firm — right before the spectacular collapse of the Terra ecosystem.

13.04 / 18:23

LUNC Terra Luna Classic Time Terra Luna Classic Price Prediction as LUNC Suddenly Pumps Up 3.5% – Time to Buy?

Luna Classic (LUNC), the token that powers the original but now largely defunct Terra blockchain, has seen a strong rebound from its Wednesday lows on Thursday and, as per CoinGecko, was last trading around 3.5% higher in the last 24 hours just above $0.0001250.

13.04 / 13:09

UPS Provident CEO Remark Terra Lawyers Lawyers Unsure of Fate of Do Kwon’s ‘Missing $37B’ – Will Investors Ever Get Their Money Back?

South Korean legal experts are unsure if “victims” of fraud allegedly committed by Do Kwon and Terraform Labs executives will ever be able to recoup their funds – with an estimated $37 billion now “missing.”

10.04 / 13:43

defi Hackers hacks Altcoin LUNC Terra Terra DeFi project Terraport suffers $2M hack days after launch

The algorithmic stablecoin TerraUSD (UST) collapsed almost one year ago, but some Terra-related projects are still live and trying to overcome some issues.

07.04 / 10:55

Binance regulation Terra Luna Terraform Labs Terra Bitcoin Do Kwon converted illicit funds from Luna to Bitcoin: S.Korean prosecutors

South Korean prosecutors have identified 414.5 billion won ($314.2 million) in illicit assets associated with Terraform Labs co-founder Do Kwon and his associates. Out of the $314 million identified illicit assets, prosecutors have linked about 91.4 billion won ($69 million) of the specified amount to Kwon.

06.04 / 10:55

Ethereum Binance Tether Action Southern Terra Bitcoin Terra Co-Founder's Binance Funds May Be Frozen After Prosecution Request – Will the Crypto Exchange Comply?

South Korean authorities have confirmed that they have asked the crypto exchange Binance to freeze crypto belonging to the Terraform Co-founder Daniel Shin.

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