The legal battle between Terraform Labs, the company behind the Terra (LUNA) blockchain, and the SEC continues to heat up. At the heart of the dispute lies a massive $5.3 billion penalty the SEC seeks in damages, which Terraform Labs is fiercely contesting. SEC Accuses Terra of Targeting US Investors The SEC alleges that Terraform […]
Terraform Labs (LUNA), the company behind the Terra blockchain ecosystem, announced plans to restrict access to its products and services for users based in the United States. This move comes in anticipation of a potential “conduct injunction” from the US Securities and Exchange Commission (SEC) following their ongoing legal battle. 🚨BIG BREAKING #LUNC 🚨 TERRAFORM […]
The main day of the eagerly awaited court session between the U.S. Security and Exchange Commission (SEC) and Do Kwon and TerraForm Labs has started. On the 25 of this month, the US District Court for the Southern District of New York circumspectly inspected the cases alleging that Kwon organized a deceitful third-party purchase during […]
In a significant move within the Luna Classic (LUNC) community, Luna Classic Labs has announced its decision to sever ties with Terraform Labs (TFL) due to ongoing issues with TFL’s Terra Station v3 wallet. Mike P., a prominent figure within the community, took to social media to express his frustration and outline the steps Luna […]
Kwon’s legal team cites uncertainties in Montenegro proceedings, requesting a trial postponement. Do Kwon, the embattled founder of Terraform Labs, is facing another hurdle in his legal saga as his extradition from Montenegro remains entangled in legal technicalities. This has prompted his lawyers to request a postponement of his upcoming US trial, initially scheduled for […]
In a groundbreaking announcement on Friday, Terraform Labs CEO Chris Amani projected a robust revival for the Terra ecosystem, foreseeing it as the primary hub for deep stablecoin liquidity within Cosmos. Amani expressed confidence that Terra would emerge as the sole ecosystem boasting sufficient liquidity for Cosmos and non-Cosmos blue-chip assets in the decentralized finance […]
In a significant development in the ongoing legal battle between Terraform Labs and the U.S. Securities and Exchange Commission (SEC), a pivotal ruling was delivered on December 28 by United States Federal Judge Jed Rakoff. The judge declared that tokens associated with Terraform Labs, including Luna and MIR, are to be classified as securities. This […]
In a daring manoeuvre to recover from a devastating collapse, Terraform Labs, the driving force behind the Terra ecosystem, has taken a significant leap forward by acquiring Pulsar Finance. This strategic move not only marks a pivotal moment for Terra but also signals a broader resurgence for the beleaguered cryptocurrency, Terra (LUNA), and its stablecoin […]
In a groundbreaking move, Terraform Labs’ newly-appointed CEO, Chris Amani, has unveiled a visionary plan to provide crucial infrastructure support to the Cosmos community. This initiative aims to significantly reduce the infrastructure costs associated with running various chains on the Cosmos network, sparking tremendous excitement within the Cosmos ecosystem. Foundation’s Business Model to Support All […]
In a significant turn of events, Do Kwon, the founder of Terraform Labs, has been released from detention. This development has sparked anticipation within the cryptocurrency community that his return could contribute to a potential spike in the Terra Luna Classic (LUNC) token’s price. Terra Luna Classic Price Prediction as Do Kwon and Terraform Labs […]