On Friday, South Korean prosecutors called for the extradition of Terra’s creator, Do Kwon, who is now on trial in Montenegro. Having spent more time on the investigation and gathering of evidence than the United States, prosecutors are in the strongest position to seek justice for victims who lost about
The Securities Commission of the Bahamas (SCB) has instituted stringent new regulations for Virtual Assets Service Providers (VASPs) seeking to operate within its jurisdiction as a means of demonstrating that it has learned from the demise of the FTX Derivatives Exchange. The SCB claims it has raised financial and reporting
Terra Classic (LUNC) DeFi platform, Terraport launched after several months of anticipation. The platform is built by the TerraCVitta development group. Terra classic offers LUNC-based Decentralised Exchange (DEX) and a launchpad for Terra Classic Ecosystem. Terraport announced the launch of Terra Classic on its Twitter page on March 31. The
Daniel Shin, one of the co-founders of Terraform Labs, appeared for interrogation at a South Korean court explaining his role in the failure of LUNA/UST. LUNA (now LUNC), the native token of Terra Classic, and UST(now USTC), the algorithmic stablecoin – seemingly collapsed last spring. Daniel Shin Answering on LUNC
Stablegains, a yield platform for decentralized finance, has been sued in a California court for allegedly deceiving investors and breaking securities laws. Alec and Artin Ohanian, the plaintiffs in the federal lawsuit filed on February 18 in the Central District of California, claim that without their permission or knowledge, the
The price of Tera Classic (LUNC), the original chain of the collapsed Terra (LUNA) ecosystem, surged dramatically as the global cryptocurrency market witnessed a bullish trend. At the time of writing, LUNC soared over 9.5% in the last 24 hours and is still being supported by buying signal. The year
The price of the Tera Classic (LUNC) cryptocurrency has risen dramatically after a recent integration with the Interchain Station platform. Jared, the chief developer at Terraform Labs, made the news on his Twitter page. Saying that the renamed Terra network would be working with a number of other blockchains, including
Proposal 11168, submitted by Edward Kim and Tobias “Zaradar” Anderson, two main developers of Terra Classic, is now up for a vote. There was a suggestion put out by ex-Terra Rebels developers to join a new team called the “Joint L1 Task Force” to investigate Terra Classic blockchain maintenance improvements
As an important case in the market, the location of Do Kwon, the founder of Terraform Labs remains hidden from the crash of the entire Terra network. The South Korean government was taking out so many initiatives to find his whereabouts. In light of this case, Kwon cashes out a
Separating the Terra Classic (LUNC) community from Terraform Labs and Do Kwon. As proposed by the Terra Rebels in their contentious Proposal 11030, seems to be turning into reality. In fact, as Jared of TFL pointed out before, splitting Terra Classic apart from Terra (LUNA) is the best option. Since
