Terraform Labs' bankruptcy filing has significant implications for the Terra community and the market. The ongoing legal challenges, coupled with Do Kwon's troubles, contribute to a challenging environment. LUNA's market performance reflects the prevailing negative sentiment, with potential extradition complications adding to the uncertainty.
Cheng YuanSEC sues Binance, citing similar Terraform Labs case, focusing on unregistered securities offers and sales.
KikyoSEC calls for the court overseeing the Binance case to consider the Terraform ruling, arguing that the classification of tokens as securities in Terraform supports their stance on BUSD. Terraform disagrees. Binance is yet to respond to the SEC's request for comment.
Cheng YuanJudge Rakoff's rulings present a complex scenario for Terraform Labs, with both favorable and adverse outcomes in their legal battle with the SEC.
KikyoMontenegro's Supreme Court extends TerraForm Labs CEO Do Kwon's detention until February 2024 amid US and South Korean extradition requests. Closed-door discussions hint at the US being the likely destination. Kwon faces global legal battles, with accusations of orchestrating a massive cryptocurrency fraud. The fate of the Terra founder remains uncertain as the legal proceedings progress.
SanyaHe had previously been arrested at Podgorica airport for using a fake passport, after having been on the run for about a year.
AlexThe regulatory body's allegations involving multi-billion-dollar securities fraud, are directed at Do Kwon and his company.
KikyoInvestors withdraw class-action lawsuit against Terra and Do Kwon amid ongoing legal battles.
BitcoinworldLegal counsel representing Do Kwon has petitioned a federal court to dismiss the US SEC’s plea to interrogate him on American soil regarding the Terra Money ecosystem's collapse.
KikyoThe platform acknowledged the efforts of two "on-chain sleuths" and granted them a bounty of 9,519.2625 Arkham (ARKM), amounting to roughly $5,000 at the time of the announcement.
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