terra luna news Archives - CoinObserver.net

SEC’s Victory in Terraform Labs Case: Legal Implications for LUNA, LUNC, and USTC

OarSmaN E.E.7 months ago7 months ago05 mins

In February, a landmark decision was made in favor of the United States Securities and Exchange Commission (SEC). The SEC triumphed in the case against Terraform Labs and its founder, Do Kwon. The court ruled that Do Kwon’s sale of LUNA tokens constituted an unregistered investment contract. Consequently, Kwon was deemed guilty of wrongdoing in…

Financial Turmoil: Three Arrows Capital Founder Su Zhu to Be Released on Good Behavior

OarSmaN E.E.8 months ago8 months ago06 mins

Su Zhu, the co-founder of Three Arrows Capital, detained since September, faces release due to good behavior. The prominent figure allegedly owes around $3.3 billion to creditors and appeared in a Singapore court this morning. Zhu’s arrest at Singapore’s airport sparked months of legal proceedings and speculation. This saga unfolded, unveiling the collapse of Three…