BITPRISMIA
The New York Attorney General and Galaxy Digital have agreed to a settlement over the firm's handling of LUNA before its 2022 collapse.
Terra founder Do Kwon's criminal trial has been set. Here's what you need to know about the $40 billion collapse of TerraUSD and LUNA.
Court documents allege that Do Kwon's crypto ecosystem Terra may have affected over a million victims when UST and LUNA collapsed in 2022.
Freshly extradited from Montenegro, Terraform Labs co-founder Do Kwon pleaded not guilty to U.S. criminal charges over Terra's collapse.
Director Harry Hyun said the movie will portray “the reality of young people who are addicted to stocks during the day and coin speculation at night.”
The company behind TerraUSD and Luna could shell out up to $442 million to investors.
TerraForm sought to "manipulate the open market for LUNA and UST in a manner that artificially inflated the price for the assets," it claims.
The August 1 ruling marks the conclusion of a protracted legal saga involving multiple appeals and judicial reversals on Kwon's extradition.
Following the collapse of FTX and Terraform Labs, The Bahamas has introduced crypto regulation to prevent a repeat.
The exploit saw around 60 million ASTRO tokens drained, sending the price of ASTRO plummeting to an all-time low.