SEC seeks to question Terraform Labs co-founder Daniel Shin in Korea
The Securities and Exchange Commission wants to question Daniel Shin on Do Kwon and Chai Corporation’s relationship with Terraform Labs.
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Značka: Terra
Bankruptcy judge signs off on order allowing Terraform Labs to subpoena FTX entities
Terraform Labs claimed that the failures of its algorithmic stablecoin and governance token were the result of an attack from short sellers, potentially involving Alameda Research.
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Judge rejects motion to dismiss Terraform case, disagrees with Ripple decision
Judge Jed Rakoff gave a detailed interpretation of the Howey test that was at odds with the decision on the SEC case against Ripple.
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Arkham Intel Exchange approves $5K bounty for info on Do Kwon and Terra wallets
Terra co-founder Do Kwon is currently in a Montenegrin prison as the platform remains under scrutiny in South Korea, but crypto users continue to seek out information on wallets.
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Terraform Labs seeks access to FTX wallets in fraud defense
Terraform filed a motion to access information from wallets used by short sellers during the collapse of its algorithmic stablecoin in 2022.
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Terraform Labs appoints new CEO from existing team: Report
Chris Amani, a Terra employee since 2021, has reportedly been serving as the company’s CEO for months.
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Legal proceedings start for Terraform Labs co-founder in South Korea: Report
Terra co-founder Do Kwon is currently in custody in Montenegro, while Daniel Shin’s trial preparations in South Korea are reportedly underway.
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Crypto user moves $160M Bitcoin from Luna Foundation Guard wallet: Report
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.
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Binance conducts 11th LUNC burn, 2.65 billion tokens destroyed
The Terra Classic burn mechanism automatically burns tokens whenever a transaction occurs on the network.
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Italy’s central bank calls for framework to prevent stablecoin runs
Bank of Italy is calling for closer regulator scrutiny of stablecoins, which they say “have not proved stable at all.”
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Terra Allies’ Six Samurai team aims to revive the ecosystem
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.
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Do Kwon heading into extradition custody in Montenegro after receiving bail: Report
The Terra Labs co-founder will be held for up to six months while the Montenegrin court considers South Korea’s extradition request.
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