Category: Terraform
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Three Arrows Demands $1.3 Billion From Bankrupt Terraform Labs
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TerraForm Labs, the mastermind behind the controversial TerraUSD and LUNA coins, is now said to have been the target of a malicious attack. Three Arrows Files $1.3 Billion Lawsuit Capital (3AC) is trying to offset the damage caused by the catastrophic collapse of digital assets in May 2022. Once a…
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Three Arrows Demands $1.3 Billion From Bankrupt Terraform Labs
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TerraForm Labs, the mastermind behind the controversial TerraUSD and LUNA coins, is now said to have been the target of a malicious attack. Three Arrows Files $1.3 Billion Lawsuit Capital (3AC) is trying to offset the damage caused by the catastrophic collapse of digital assets in May 2022. Once a…
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Montenegrin Prime Minister Identified as Early Investor in Terraform Labs: Report
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According to a recent report, Montenegrin Prime Minister Milojko Spajic was identified as one of the first investors in Terraform Labs. Court documents released by the US Securities and Exchange Commission (SEC) reveal that Spajic invested $75,000 in April 2018, receiving 750,000 Luna tokens, which at their peak were worth…
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Montenegrin Prime Minister Identified as Early Investor in Terraform Labs: Report
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According to a recent report, Montenegrin Prime Minister Milojko Spajic was identified as one of the first investors in Terraform Labs. Court documents released by the US Securities and Exchange Commission (SEC) reveal that Spajic invested $75,000 in April 2018, receiving 750,000 Luna tokens, which at their peak were worth…
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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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Terraform Labs Announces Dissolution Following $4.7 Billion SEC Settlement
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Terraform Labs (TFL), the blockchain company that has been at the center of a long legal battle with the US Securities and Exchange Commission (SEC), has decided to dissolve its operations following a landmark settlement agreement. the Colonywhich was valued at a staggering $4.47 billion, ended more than a year…
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SEC, Terraform Labs, and Do Kwon Reach Agreement in Civil Fraud Case: Report
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Terraform Labs and its founder, Do Kwon, have reached a settlement with the US Securities and Exchange Commission (SEC) following fraud allegations surrounding the collapse of the TerraUSD stablecoin, Reuters reports. The agreement, which was disclosed on the court’s website, was reached after a jury found Kwon and Terraform Labs…
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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…