The United States’ Securities and Exchange Commission has charged Tai Mo Shan Ltd., a subsidiary of Jump Crypto Holdings, in connection with the 2022 collapse of Terra’s algorithmic stablecoin, terrausd (UST). In a settlement announced recently, Tai Mo Shan agreed to pay $123 million to resolve allegations of misleading investors ...
The Montenegro government has agreed to extradite Hang Chang-joon, the former CFO of Terraforms Labs and associate of Do Kwon, to South Korea for additional criminal proceedings related to investment fraud. Local authorities announced this decision in a post on X on Monday, February 5, 2024. This move is the ...
In a court filing submitted on January 30, 2024, Chris Amani, the new CEO of Terraform Labs, claimed that the firm is not built to generate profits; instead, any profits earned are reinvested to expand the business. This latest court document, which contains this claim, comes within the context of ...
Source: Coinmarketcap Following a 3.5% dip on March 22, Terra Luna Classic's (LUNC) price has made a partial rebound and is presently trading at $0.0001235, reflecting a 2% drop in the last 24 hours. LUNC has gained 2.5% in the last week despite a 25% drop over the previous 30 ...
