News with the tag "LUNAUSD"

In a significant development in Terraform Labs’ (TFL) ongoing bankruptcy proceedings, a recent court order has authorized several key actions for the troubled crypto company. Terraform Labs, which was found liable for defrauding investors and causing losses of approximately $40 billion with the coll...

Terraform Labs (TFL), the blockchain company at the center of a protracted legal battle with the US Securities and Exchange Commission (SEC), has decided to dissolve its operations following a landmark settlement agreement. The settlement, amounting to a staggering $4.47 billion, ended over a year o...

LUNA, the native token of the Terra 2.0 blockchain, was among the many gainers in the past week positively affected by Bitcoin’s impressive rally toward the $35,000 mark. According to data from CoinMarketCap, LUNA is up by 13.96% in the last seven days, providing some relief for investors who have h...

In an intriguing disclosure, Do Kwon-co-created Terraform Labs has held trading firm Citadel Securities responsible for causing its so-called algorithmic TerraUSD (UST) stablecoin to lose its peg to the U.S. dollar in 2022.

Authorities in Switzerland have reportedly frozen crypto assets tied to former Terraform Labs CEO Do Kwon and other top figures within the cornered company.

In a surprising turn of events, Terraform Labs founder Do Kwon is back in custody after a Montenegrin high court annulled a lower court’s decision to allow Kwon to be released on bail.