4 / 7 Relevant items tagged with #Terra
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Terraform Labs seeks access to FTX wallets in fraud defense
[Jul 20, 2023 11:53 AM] Terraform filed a motion to access information from wallets used by short sellers during the collapse of its algorithm stablecoin in 2022.
Terraform Labs Appoints New CEO Following Do Kwon’s Sentencing In Montenegro
[Jul 20, 2023 9:00 AM] Terraform Labs has announced the appointment of Chris Amani as the interim Chief Executive Officer (CEO), replacing co-founder Do Kwon. Terraform Labs Elevates Former COO Chris Amani as Director and Interim CEO Chris Amani, an experienced leader…
Terraform Labs appoints new CEO from existing team: Report
[Jul 20, 2023 2:18 AM] Chris Amani, a Terra employee since 2021, has reportedly been serving as the company’s CEO for months.
Legal proceedings start for Terraform Labs co-founder in South Korea: Report
[Jul 10, 2023 9:30 AM] Terra co-founder Do Kwon is currently in custody in Montenegro, while Daniel Shin's trial preparations in South Korea are reportedly underway.
Crypto user moves $160M Bitcoin from Luna Foundation Guard wallet: Report
[Jul 5, 2023 12:49 PM] Blockchain data showed the wallet reportedly associated with LFG had a balance of roughly 6,983 BTC in October 2022, with transactions later moving funds to different addresses.
Binance conducts 11th LUNC burn, 2.65 billion tokens destroyed
[Jul 2, 2023 2:26 AM] The Terra Classic burn mechanism automatically burns tokens whenever a transaction occurs on the network.
Italy’s central bank calls for framework to prevent stablecoin runs
[Jun 28, 2023 7:44 PM] Bank of Italy is calling for closer regulator scrutiny of stablecoins, which they say “have not proved stable at all.”
Terra Classic Revival Plans Continue as 6 Engineers Aim to Revive LUNC Ecosystem
[Jun 26, 2023 5:03 AM] Some LUNC token holders remain committed to a Terra ecosystem revival.
Terra Allies’ Six Samurai team aims to revive the ecosystem
[Jun 25, 2023 2:50 AM] The Terra Allies senior full stack engineering team, known as the Six Samurai, has presented their Q3 spend proposal, emphasizing their deep passion as Luna Classic holders.
Terra’s Do Kwon Receives 4-Month Jail Sentence in Montenegro for Counterfeit Passport Usage
[Jun 19, 2023 10:30 AM] Montenegro’s court has determined that Do Kwon, the co-founder of Terraform Labs, is guilty of using a counterfeit Costa Rican passport. As a result, he has been sentenced to four months in jail for the offense. Do Kwon Sentenced to 122 Days…
U.S. Court Will Rule on Terraform Labs' Push to Dismiss SEC Lawsuit Within a Month
[Jun 15, 2023 7:57 PM] Was UST a security because it was designed for practical uses rather than as an investment?
Do Kwon to Remain in Custody While Montenegro Courts Consider Extradition Request: Report
[Jun 15, 2023 4:14 PM] Courts in the country approved bail for the Terraform Labs founder, but a South Korea extradition request is set to keep him in jail.
Do Kwon heading into extradition custody in Montenegro after receiving bail: Report
[Jun 15, 2023 12:56 PM] The Terra Labs co-founder will be held for up to six months while the Montenegrin court considers South Korea’s extradition request.
Jump Trading seeks to move Terra class action suit to California
[Jun 12, 2023 10:30 PM] The lawsuit, initially filed on May 9, alleges the firm and its CEO was involved in a price manipulation scheme tied to the TerraUSD stablecoin.
Do Kwon could serve prison in both US and South Korea, prosecutor says
[Jun 7, 2023 11:10 PM] South Korean prosecutor Dan Sunghan says Kwon’s extradition to South Korea makes more sense but adds that the Terraform Labs co-founder could also serve time in the United States as well.
Do Kwon's $428K Bail Request in Fake Passport Case Approved by Montenegro Court
[Jun 5, 2023 2:08 AM] A previous approval was annulled by a higher court after it was determined the Terra founder's finances were not sufficiently assessed in the first decision.
Tether Surpasses Previous Market Cap Record, Reaching $83.23 Billion
From Beijing to Tokyo, Asian nations get active in crypto regulation: Law Decoded, May 22–29
[May 29, 2023 1:30 PM] Lawmakers in Japan have decided to enforce stricter Anti-Money Laundering measures to trace cryptocurrency transactions from June 1.
Do Kwon's Detention in Montenegro Extended After High Court Decision to Revoke Bail
[May 25, 2023 2:04 AM] A lower court had determined the value of Kwon's property based on "statements" and not concrete evidence, a high court cited in a decision to scrap his bail approval.
Bail revoked for Do Kwon after prosecutors in Montenegro appeal: Report
[May 24, 2023 11:21 AM] Kwon and former chief financial officer Han Chong-joon reportedly lived in Serbia before they were caught trying to leave neighboring Montenegro using false documents.
Montenegro High Court Says No Bail for Terra's Do Kwon in Fake Passport Case: Bloomberg
[May 24, 2023 10:38 AM] Prosecution appealed a previous decision by a lower court in the country to let the disgraced founder go free while he faced trial.
G7 discusses crypto, supports CBDC — Law Decoded, May 15–22
[May 22, 2023 2:30 PM] The European Council has approved updated rules that extend tax reporting requirements to include transfers of crypto assets.
Montenegro prosecutors appeal against Do Kwon’s bail terms
[May 18, 2023 2:44 AM] Case files on the prosecutors’ appeal were sent to the Supreme Court in Podgorica for a decision.
SEC under fire for its custody rule: Law Decoded, May 8–15
[May 15, 2023 8:27 AM] Last week was harsh for the United States Securities Exchange Commission, with industry figures and officials publicly criticizing the regulator.
Tether Holds $3.4 Billion In Gold Reserves, Nears ATH Market Cap 1 Year Post Terra Collapse
[May 14, 2023 12:40 AM] Tether (USDT), the world’s largest stablecoin by market capitalization, was one of the dollar-pegged cryptocurrencies to have been affected by the collapse of the Terra ecosystem. Now – a year later, the stablecoin has reclaimed its stable…
Jump Trading faces lawsuit over alleged $1.3B profit from TerraUSD
[May 13, 2023 12:00 PM] Jump Trading and its CEO Kanav Kariya are accused of violating United States regulations and unjust enrichment in the lawsuit.
Terra Luna founder Do Kwon’s bail terms officially accepted by Montenegro court
[May 12, 2023 6:16 AM] The Montenegro court accepted the offered bail of $436,000 per person for Do Kwon and his former aide Han Chang-joon.
Do Kwon Set to Be Released on Bail in Montenegro Travel Document Forgery Case
[May 12, 2023 6:14 AM] Bail conditions restrict Kwon from leaving his apartment in the country as the trial continues.
Do Kwon's lawyers propose $436K bail as authorities prepare for June trial
[May 11, 2023 8:58 AM] Lawyers said Do Kwon and Han Chang-joon could be released on bail and largely confined to a Montenegro apartment with the “obligation to periodically report to the state authority.”