LUNA is not a security, South Korean court rules in Terra co-founder’s case
The court says that It is difficult to see the Luna token as a financial investment product regulated by the Capital Markets Act. Go to Source Powered by WPeMatico
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Do Kwon lawyers reportedly dismiss SEC’s securities fraud allegation
Kwon’s lawyers claimed that the SEC failed to prove the alleged defrauding of US investors in connection with Terra’s $40 billion collapse of TerraUSD (UST) and Luna (LUNA). Go to Source Powered by WPeMatico
Terra co-founder Do Kwon reportedly indicted for document forgery
While Terraforms’ Do Kwon and Han Chang-jun are facing charges in Montenegro, the other co-founder, Shin Hyun-seung, still walks free in South Korea. Go to Source Powered by WPeMatico
Do Kwon lawyers received $7 million before Terra collapse: Report
While trying to tie in Kwon’s ill intent in prepaying the law firm, prosecutors believe that the information will help in the ongoing fraud case. Go to Source Powered by WPeMatico
Terra DeFi project Terraport suffers $2M hack days after launch
Terra users are losing another round of funds due to a breach on the new DeFi platform Terraport Finance, which launched on March 31. Go to Source Powered by WPeMatico
Do Kwon converted stolen funds from Luna to Bitcoin: S.Korean prosecutors
South Korean prosecutors have reached out to Binance to request a halt on any withdrawal linked to Do Kwon. Go to Source Powered by WPeMatico
Do algorithmic stablecoins have a future as centralized coins are under scrutiny?
Fiat stablecoins are too deeply rooted in exchanges for algorithmic stablecoins to rise, according to some experts. Go to Source Powered by WPeMatico
Terra co-founder Daniel Shin’s arrest denied by court, citing low flight risk
Shin currently faces multiple fraud charges, specifically concerning allegedly hiding risks associated with investing in the in-house tokens by Terraform Labs. Go to Source Powered by WPeMatico
Terra’s branding at MLB opener draws attention from spectators
An attendee shared an image of a Terra banner with the slogan “a decentralized economy needs decentralized money,” prominently displayed during Major League Baseball’s opening day at Nationals Park in Washington D.C. Go to Source Powered by WPeMatico
Terra co-founder Do Kwon’s jail time in Montenegro will be harsh: Report
Now in custody in Montenegro, Do Kwon could be facing “at least a year” behind bars as the country considers extradition requests, according to one criminal defense lawyer. Go to Source Powered by WPeMatico
