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Terraform Labs, founded by Do Kwon, has once again accused Citadel Securities of deliberately causing the depegging of its TerraUSD (UST) stablecoin in 2022. On Oct. 10, the company filed a motion in the United States District Court for the Southern District of Florida to compel Citadel Securities to release documents
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Do Kwon-founded Terraform Labs has again pointed the finger at market maker Citadel Securities for its role in an alleged “concerted, intentional effort” to cause the depeg of its stablecoin in 2022.On Oct. 10, Terraform Labs filed a motion in the United States District Court in the Southern District of
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Lawyers representing the investors submitted a notice of voluntary dismissal of the lawsuit against Terraform Labs and Do Kwon in the United States District Court for the Northern District of California. The class-action lawsuits against Terraform Labs and its co-founder Do Kwon alleging fraud, were abruptly withdrawn, leaving the reasons undisclosed. Terraform
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The document, filed on Wednesday in the U.S. District Court for the Southern District of New York, shows Kwon's lawyers are opposing any opportunity for the stablecoin creator to offer testimony to U.S. regulators. The lawyers argue that it would be "impossible" to bring Kwon to the U.S. because he
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The United States Securities and Exchange Commission has been granted a motion to seek assistance from South Korea to question Terraform Labs co-founder Daniel Shin — as it builds its case against the firm and co-founder Do Kwon. On Aug. 16, District Judge Jed Rakoff granted the SEC’s July 10 motion
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A recent filing from the United States Securities and Exchange Commission (SEC) in its lawsuit against crypto miner Green United could shed light on how it may approach the case against Coinbase. On July 31, the SEC scored a win after District Judge Jed Rakoff denied Terraform Lab’s motion to
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A judge in the bankruptcy case for defunct crypto exchange FTX has issued an order allowing Terraform Labs to subpoena information that could be used in its case brought by the United States Securities and Exchange Commission (SEC).In a July 31 filing in U.S. Bankruptcy Court for the District of
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A United States Securities and Exchange Commission (SEC) lawsuit against Terraform Labs is set to go ahead after a U.S. judge overseeing the case denied the firm's motion to dismiss on July 31. In handing down the order, the judge also rejected a decision from another judge who ruled
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A federal judge rejected Terraform Labs' motion to dismiss a lawsuit filed by the U.S. Securities and Exchange Commission. Source
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Chris Amani, formerly the chief operating officer (COO) and later chief financial officer (CFO), has assumed the CEO role at Terraform Labs, the developer of the Terra ecosystem, succeeding co-founder Do Kwon. Terraform replaces Do Kwon In the Wall
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