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Court documents were filed indicating that Do Kwon, co-founder and CEO of Terraform Labs, has asked for the dismissal of charges leveled against him by the Securities and Exchange Commission (SEC). In the motion filed on Friday, April 21 to have the SEC charges dismissed, Kwon argued the SEC’s claims are
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied In a landmark court ruling on April 23, the Seoul Southern District Court ruled that Luna cryptocurrency is no longer classified as a security. Court rules Luna is a non-security According to a court ruling on April 23,
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A South Korean district court has dismissed charges of security violations against former Terraform Labs CEO and co-founder Hyun-seong Shin. The court deemed LUNA (LUNA) (the native token of the LUNA ecosystem) as non-security under Korea’s Capital Markets Act.The southern district court in Seoul dismissed the prosecution's appeal for confiscating
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Korean officials have linked approximately 91.4 billion won, worth about $69 million, in digital assets directly to Do Kwon. South Korea officials continue to grill former Terraform Labs co-founder Kwon Do-Hyung, popularly known as Do Kwon, following his arrest earlier last month in Montenegro as he attempted to flee to Dubai.
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South Korean prosecutors have identified 414.5 billion won ($314.2 million) in illicit assets associated with Terraform Labs co-founder Do Kwon and his associates. Out of the $314 million identified illicit assets, prosecutors have linked about 91.4 billion won ($69 million) of the specified amount to Kwon.Although Kwon amassed millions, none
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Terra's LUNA Tokens Fall Steeply on Do Kwon's Alleged Arrest Original Source
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Sara Gherghelas, blockchain research analyst at DappRadar, told CryptoX that while Blur is overtaking market share and challenging the historically leading NFT marketplace OpenSea, the marketplace isn’t bringing new traders into NFTs. While OpenSea is targeted towards retail traders, Blur’s focus on professional traders may be raising trading volumes, not
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The New York State Attorney General's office sued crypto exchange CoinEx, arguing it was an unregistered securities broker and commodity broker-dealer under state law. Source
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South Korean prosecutors have requested an arrest warrant for the former CEO of Tmon, a Korean e-commerce platform, after taking billions of won in LUNA (LUNA), now known as LUNA Classic (LUNC), for promoting Terra as a simple payment gateway. Seoul prosecutors requested an arrest warrant on the former CEO of
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Solana (SOL), the cryptocurrency once supported by Sam Bankman-Fried, pared some losses on Dec. 30, a day after falling to its lowest level since February 2021. Solana price down 97% from November 2021 peak On the daily chart, SOL's price rebounded to around $10.25, up over 20% from its previous day's
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