Cryptocurrency Analysis and News Portal
The legal battle surrounding Terraform Labs is not without controversy. Terra co-founder Daniel Shin’s lawyer has blamed the “unreasonable operation of the Anchor Protocol and external attacks carried out by Do-hyung Kwon” for the Terra ecosystem’s collapse. The United States Securities and Exchange Commission (SEC) is not backing down in its
Read More
The U.S. Securities and Exchange Commission (SEC) is demanding a summary judgment on all claims against Do Kwon and Terraform Labs following alleged breaches. The agency also seeks to forego a full trial due to a clear set of undisputed facts in its lawsuit. It argues that the pooling of funds in a
Read More
The United States Securities and Exchange Commission (SEC) has refuted the jury’s conclusion regarding Terraform Labs’ alleged violations and has demanded a summary judgment on all the claims. A court filing from Oct. 27 showed the SEC’s reluctance to accept the jury’s leniency on Do Kwon and his involvement in facilitating
Read More
Terraform and Kwon also engaged in fraudulent conduct and made misleading statements, the SEC reiterated in the filing, re-emphasizing that they committed fraud by deceiving investors about the stability of UST, falsely crediting their algorithm for its price stabilization while secretly arranging third-party intervention, making their claims about the algorithm's
Read More
A federal judge in Texas has sided with the United States Department of the Treasury by granting a motion for summary judgment in a lawsuit concerning Tornado Cash brought by six individuals backed by crypto exchange Coinbase.In an Aug. 17 filing in U.S. District Court for the Western District of
Read More
The U.S. district court ruling that Ripple’s XRP token should not be considered a security if sold via an exchange or through programmatic sales is positive for Coinbase (COIN) shares since it sets a precedent that token sales through exchanges, at least in the case of XRP, did not violate
Read More
In Cryptox Markets Pro’s latest VORTECS™ Report, the institutional-grade crypto alerts platform displayed how its members could have captured a cumulative 179% gain by following four trades based on four different Markets Pro indicators. The report depicts trading alerts generated between Feb. 26 and March 4, 2023. The potential gains available
Read More
The U.S. Securities and Exchange Commission (SEC) and Ripple Labs have both called for a federal judge to make an immediate ruling on whether Ripple’s XRP sales violated U.S. securities laws.In separate motions filed on Sept. 17 by Ripple and the SEC, both have called for a summary judgment in
Read More
The District Court for the Southern District of Florida has denied Craig Wright’s request for summary judgment in a case that involves claims over ownership of about 1.1 million bitcoin (worth over $11 billion). In an order signed on Monday, Judge Beth Bloom at the Florida court denied Wright’s motion seeking
Read More
The U.S. Securities and Exchange Commission, or SEC, and Kik Interactive have both filed oppositions to each other's motions for summary judgment on April 24.While Kik claims its offerings were exempt from registration requirements, the SEC asserts Kik’s 2017 initial coin offering (ICO) comprised a clear violation of securities laws.Kik
Read More