Category: Labs039
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Ripple Cites Terraform Labs’ Settlement to Lower Penalty Against It to $10 Million
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Ripple Labs is taking advantage of the recent settlement reached by the Securities and Exchange Commission (SEC) with Terraform Labs to reduce the proposed penalty against it of approximately $2 billion to $10 million, a “supplemental authority notice” published yesterday (Thursday) revealed. . A payment to reduce the settlement amount…
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Singapore Revisits Terraform Labs’ Collapse, Clarifies Licensing Irregularities
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Singapore disavowed collapsed cryptocurrency project Terraform Labs, saying the platform was not performing activities requiring a license from MAS and was not licensed or exempt from a license by the regulator. The city-state also downplayed the impact of the Terraform Labs saga on its financial systems. In response to a…