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Terraform Labs has received court approval to wind down operations in bankruptcy following a settlement with the U.S. Securities and Exchange Commission (SEC). The company had been at the center of a scandal that left cryptocurrency investors facing significant losses after the Terra ecosystem collapsed. Court Approves Terraform Labs Wind-Down Terraform Labs has been granted … Read more
The Chapter 11 bankruptcy reorganization hearing for Terraform Labs Pte. Ltd. and Terraform Labs Limited is set for Sept. 19, 2024, at 10 a.m. EDT. This hearing will be pivotal in shaping the future of the crypto company, which has encountered substantial hurdles since the Terra ecosystem’s collapse in 2022. Terraform Labs Faces Pivotal Bankruptcy … Read more
3AC liquidators alleged that Terraform Labs misled the Singaporean hedge fund about the stability of tokens in the Terra ecosystem. Go to Source
In a significant legal development, a Montenegrin appeals court has upheld the decision to extradite Do Kwon, co-founder of Terraform Labs, to South Korea. Kwon, who has been in custody in Montenegro since March 2023 for attempting to travel with a fake passport, faces criminal charges in South Korea related to the $40 billion collapse … Read more
The bankrupt Terraform Labs is looking to sell four of its companies as it winds down operations to comply with its multi-billion SEC deal. Go to Source
Terra Luna Classic (LUNC) staking has reached an all-time high, with over 1 trillion tokens now staked. This milestone drives the staking ratio to an impressive 15.01%, reflecting growing community participation and confidence in the network. The high staking rates and reduced supply are fueling optimism for potential price appreciation. When a significant portion of … Read more
A New York district court judge has rubber-stamped Terraform Labs and Do Kwon’s nearly $4.5 billion settlement with the SEC. Go to Source
Terraform Labs ceases operations after a $4.47 billion settlement with the SEC, transferring control of the Terra blockchain to the community. Go to Source
Lawyers for Terraform Labs co-founder Do Kwon have mounted a final attempt to appeal his extradition from Montenegro. Go to Source
Recently, Binance has authoritatively declared its endorsement of the upcoming Terra Classic (LUNC) network upgrade. This is scheduled for November 20, 2023, at roughly 09:00 UTC. Also, the network transformation is set to happen at block height 15,493,370. #Binance exchange announced that it will support Terra Classic ( #LUNC ) blockchain upgrade. ➡️ $LUNC chain … Read more
