terraform
Ripple (XRP) Challenges SEC’s $2 Billion Fine After Terraform Settlement
In a recent development in the ongoing legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC), Ripple has pushed back against the SEC’s proposed $2 billion fine, claiming it to be unreasonable in light of recent legal precedents. The Legal Standoff On June 13, Ripple’s legal team filed a notice of […]
Terraform (LUNC) Labs Hands Over Terra Blockchain Post-SEC Settlement
In the fast-paced world of cryptocurrency, few events have the power to rock a blockchain ecosystem to its core. However, the recent developments surrounding Terraform Labs and its flagship Terra blockchain have done just that. Following a landmark $4.47 billion settlement with the U.S. Securities and Exchange Commission (SEC), Terraform Labs has made the decision […]
Terraform Labs Reaches $4.47 Billion Settlement with SEC
In a groundbreaking settlement, Terraform Labs has agreed to pay a staggering $4.47 billion to the U.S. Securities and Exchange Commission (SEC). This comes in the wake of the massive implosion of the TerraUSD stablecoin and its sister token LUNA in 2022, which resulted in a loss of billions from the cryptocurrency sector. Breakdown of […]
Terraform Labs Faces $4.47 Billion SEC Payout Over Terra (LUNC) Collapse
In a monumental move that has sent shockwaves through the crypto community, Terraform Labs has agreed to a staggering $4.47 billion settlement with the Securities and Exchange Commission (SEC) following the collapse of its Terra token. This settlement, one of the largest in crypto regulatory history, marks a critical turning point in the industry’s journey […]
Navigating the Maze of SEC Fines: Terraform and Do Kwon’s Legal Defense
Lawyers representing Terraform Labs and its co-founder Do Kwon have made a bold assertion in response to the U.S. Securities and Exchange Commission’s (SEC) proposed fines. They argue that the fines should be significantly lower, closer to $1 million, rather than the eye-watering $5.3 billion suggested by the SEC. The SEC’s assertion came in the […]
Do Kwon’s Extradition to Korea Stalled: Montenegro’s Supreme Court Steps In
In a surprising turn of events, Montenegro’s Supreme Court has intervened in the extradition saga involving crypto entrepreneur Do Kwon, founder of Terraform Labs, overturning a previous decision to send him back to Korea. The legal battle, which has spanned multiple jurisdictions, now faces uncertainty as the case is returned to a lower court for […]