Terra Luna Price Down by 94%!
The native token LUNA of Terra’s blockchain wiped out over $11 billion of investors amidst a massive crypto crash.
Terra's LUNA plunged below the $10 mark after a massive sell-off.
Do Kwon, the project's controversial founder tweeted that he was close to announcing a recovery plan for UST, but the price action shows investors no longer have faith in Terra.
#DoKwon #Terra #Luna #CryptoCrash
The native token LUNA of Terra’s blockchain wiped out over $11 billion of investors amidst a massive crypto crash.
Terra's LUNA plunged below the $10 mark after a massive sell-off.
Do Kwon, the project's controversial founder tweeted that he was close to announcing a recovery plan for UST, but the price action shows investors no longer have faith in Terra.
#DoKwon #Terra #Luna #CryptoCrash
Top #CryptoNews In Last 12-Hrs
⚡️#Bitcoin Price Hit $45K as Miner Selling Pressure Eases Off
⚡️#Kraken Progresses in the European Market by Acquiring Dutch Regulatory Approval
⚡️GOP Senators Express Concerns to Gensler Regarding Misstatements in SEC's #DEBTBox Investigation
⚡️#DoKwon Granted New Opportunity for Extradition Appeal in Montenegro
⚡️#Bakkt Expresses Optimism in Ongoing Operations Despite Revealing Financial Challenges in Recent SEC Report
⚡️#Bitcoin Price Hit $45K as Miner Selling Pressure Eases Off
⚡️#Kraken Progresses in the European Market by Acquiring Dutch Regulatory Approval
⚡️GOP Senators Express Concerns to Gensler Regarding Misstatements in SEC's #DEBTBox Investigation
⚡️#DoKwon Granted New Opportunity for Extradition Appeal in Montenegro
⚡️#Bakkt Expresses Optimism in Ongoing Operations Despite Revealing Financial Challenges in Recent SEC Report
Montenegro court orders extradition of #DoKwon to U.S. to face fraud charges, rejecting South Korea.
Do Kwon accused of fraud by U.S. DOJ, faces trial; Montenegro court ruling subject to appeal. #cryptonews #Terra
https://coinpedia.org/news/do-kwon-to-be-extradited-to-u-s-over-terrausd-collapse-montenegro-court-rules/
Do Kwon accused of fraud by U.S. DOJ, faces trial; Montenegro court ruling subject to appeal. #cryptonews #Terra
https://coinpedia.org/news/do-kwon-to-be-extradited-to-u-s-over-terrausd-collapse-montenegro-court-rules/
CoinPedia
Kwon Headed to USA? Montenegro Court Rules for Extradition in Terra Fraud Case
In a surprising update shared by the Wall Street Journal on February 22, 2024, the High Court in Montenegro ruled that cryptocurrency entrepreneur Do Kwon
#Terraform Labs co-founder #DoKwon faces extradition delay, uncertain presence at SEC trial.
Legal tensions escalate as SEC accuses Terraform Labs of #cryptomarket collapse, $40 billion losses.
#Cryptonews
https://coinpedia.org/news/terra-lawsuit-update-do-kwon-in-extradition-limbo-will-he-miss-his-sec-trial-date/
Legal tensions escalate as SEC accuses Terraform Labs of #cryptomarket collapse, $40 billion losses.
#Cryptonews
https://coinpedia.org/news/terra-lawsuit-update-do-kwon-in-extradition-limbo-will-he-miss-his-sec-trial-date/
Top #CryptoNews of Last Week
1️⃣ #BTC surged 5.25% on February 28th, exceeding $60,000, hitting a record high of 64K. February saw a nearly 45% increase.
2️⃣ In February, #Ethereum surged over 47%, hitting 3.4K on February 28th. It marked its sixth month of gains and its best since July 2022.
3️⃣#MicroStrategy bought 3,000 #bitcoins at $51,813/coin. By Feb 25, 2024, they held 193,000 bitcoins. #Saylor's wealth surged $700M.
4️⃣ Hong Kong's SFC CEO Anita ordered service providers to halt operations by May 31st without licenses. Deadline for virtual asset licenses passed on February 29th.
5️⃣President Nayib Bukele revealed #ElSalvador's #Bitcoin profits surpassing 40% with no plans to sell holdings. Acquisition cost: $44,292; 2,381 #bitcoins held.
6️⃣#SBF's lawyer seeks 63 to 78 months imprisonment, disputing fraud claims. SBF's diagnosed anhedonic depression considered for reduced sentence.
7️⃣After Nigeria banned cryptocurrency trading sites, executives were detained, and passports seized. Central Bank expressed concern over #Binance's operations.
8️⃣#Gemini returned $1.1 billion to customers post-settlement with NYDFS, addressing compliance lapses and reputational damage.
9️⃣ #DoKwon's potential extradition delays from Montenegro might make him miss the US civil trial against the SEC scheduled on March 25th.
1️⃣ #BTC surged 5.25% on February 28th, exceeding $60,000, hitting a record high of 64K. February saw a nearly 45% increase.
2️⃣ In February, #Ethereum surged over 47%, hitting 3.4K on February 28th. It marked its sixth month of gains and its best since July 2022.
3️⃣#MicroStrategy bought 3,000 #bitcoins at $51,813/coin. By Feb 25, 2024, they held 193,000 bitcoins. #Saylor's wealth surged $700M.
4️⃣ Hong Kong's SFC CEO Anita ordered service providers to halt operations by May 31st without licenses. Deadline for virtual asset licenses passed on February 29th.
5️⃣President Nayib Bukele revealed #ElSalvador's #Bitcoin profits surpassing 40% with no plans to sell holdings. Acquisition cost: $44,292; 2,381 #bitcoins held.
6️⃣#SBF's lawyer seeks 63 to 78 months imprisonment, disputing fraud claims. SBF's diagnosed anhedonic depression considered for reduced sentence.
7️⃣After Nigeria banned cryptocurrency trading sites, executives were detained, and passports seized. Central Bank expressed concern over #Binance's operations.
8️⃣#Gemini returned $1.1 billion to customers post-settlement with NYDFS, addressing compliance lapses and reputational damage.
9️⃣ #DoKwon's potential extradition delays from Montenegro might make him miss the US civil trial against the SEC scheduled on March 25th.
Breaking: Do Kwon's extradition appeal has been successful, as a court in Montenegro has overturned a previous decision to extradite the co-founder of #Terra to the United States.
#Dokwon #Crypto #CryptoNews
https://coinpedia.org/news/terraform-labs-vs-sec-intensifying-legal-battle-over-top-law-firm-retention-objection/
#Dokwon #Crypto #CryptoNews
https://coinpedia.org/news/terraform-labs-vs-sec-intensifying-legal-battle-over-top-law-firm-retention-objection/
🚨 Breaking News: Montenegro court approves the extradition of Do Kwon to South Korea to face criminal charges. A significant development in the Terraform Labs saga.
#DoKwon #CryptoNews #TerraformLabs
https://coinpedia.org/news/montenegro-court-finalizes-do-kwons-extradition-to-south-korea-to-face-criminal-charges/
#DoKwon #CryptoNews #TerraformLabs
https://coinpedia.org/news/montenegro-court-finalizes-do-kwons-extradition-to-south-korea-to-face-criminal-charges/
CoinPedia
Montenegro Court Finalizes Do Kwon’s Extradition To South Korea To Face Criminal Charges
The Montenegro Appeals Court has made a final ruling against Terraform Labs founder Do Kwon, denying his appeal against extradition to South Korea. After
#DoKwon, #Terraform Labs co-founder, faces ongoing legal issues over #TerraUSD collapse, now under house arrest. #Crypto
Montenegrin Supreme Court orders house arrest, passport detention, and travel restrictions, halting US extradition process.
https://coinpedia.org/news/legal-turmoil-do-kwons-house-arrest-amidst-extradition-uncertainty/
Montenegrin Supreme Court orders house arrest, passport detention, and travel restrictions, halting US extradition process.
https://coinpedia.org/news/legal-turmoil-do-kwons-house-arrest-amidst-extradition-uncertainty/
CoinPedia
Legal Turmoil: Do Kwon’s House Arrest Amidst Extradition Uncertainty
Do Kwon’s legal troubles seem to be never-ending? With his trial pending in the U.S. and the extradition deal not yet cleared and confirmed legally, Do
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Breaking: Do Kwon's Transition from Prison to Foreign Facility
🔵 #DoKwon, former CEO of #Terraform Labs, has been moved to a foreigner reception center in Montenegro after serving jail time.
🔵 He is expected to remain there until the Supreme Court decides on his extradition.
🔵 Kwon faces trial in the U.S. SEC's fraud charges, scheduled for Monday.
🔵 Montenegrin authorities have confiscated Kwon's passport, and his legal representative plans to file a complaint against his treatment in the local administrative court.
#Crypto #CryptoNews
🔵 #DoKwon, former CEO of #Terraform Labs, has been moved to a foreigner reception center in Montenegro after serving jail time.
🔵 He is expected to remain there until the Supreme Court decides on his extradition.
🔵 Kwon faces trial in the U.S. SEC's fraud charges, scheduled for Monday.
🔵 Montenegrin authorities have confiscated Kwon's passport, and his legal representative plans to file a complaint against his treatment in the local administrative court.
#Crypto #CryptoNews
SEC accuses #Terra and #DoKwon of fraud, alleging $40 billion #investor losses, while defense disputes claims.
Trial reveals legal complexity in #crypto operations, with ongoing implications for industry regulation and scrutiny.
https://coinpedia.org/news/terraform-labs-vs-sec-a-multi-billion-dollar-crypto-trial-unravels/
Trial reveals legal complexity in #crypto operations, with ongoing implications for industry regulation and scrutiny.
https://coinpedia.org/news/terraform-labs-vs-sec-a-multi-billion-dollar-crypto-trial-unravels/
CoinPedia
Terralabs vs SEC: Fraud or Failure? Trial Heats Up as Accusations Fly
In a high-stakes confrontation, the SEC has intensified its clash with Terra and its former leader, Do Kwon. Asserting the importance of free speech, the
#DoKwon, #Terraform Labs co-founder, released from Montenegro jail, facing extradition to U.S. or South Korea.
SEC labels Terraform Labs a "house of cards" amidst fraud allegations and pending legal proceedings. #CryptoNews
https://coinpedia.org/news/do-kwon-released-from-montenegrin-prison-amidst-secs-house-of-cards-allegations/
SEC labels Terraform Labs a "house of cards" amidst fraud allegations and pending legal proceedings. #CryptoNews
https://coinpedia.org/news/do-kwon-released-from-montenegrin-prison-amidst-secs-house-of-cards-allegations/
CoinPedia
Do Kwon Out of Jail, But Not Out of Trouble: SEC Crackdown Incoming!
Do Kwon, co-founder of Terraform Labs, has been freed from a Montenegro jail amidst a tangle of legal proceedings. This comes after doubts were raised
Judge Rakoff criticizes #SEC and #Terraform Labs for off-topic arguments in courtroom showdown.
SEC accuses Terraform Labs and #DoKwon of securities law violations; trial begins with defense. #Crypto
https://coinpedia.org/news/terraform-labs-faces-sec-in-high-stakes-trial-judge-issues-jury-instructions/
SEC accuses Terraform Labs and #DoKwon of securities law violations; trial begins with defense. #Crypto
https://coinpedia.org/news/terraform-labs-faces-sec-in-high-stakes-trial-judge-issues-jury-instructions/
CoinPedia
Terraform Labs Faces SEC in High-Stakes Trial: Judge Issues Jury Instructions
In a courtroom showdown between the U.S. Securities and Exchange Commission and Terraform Labs and its founder Do Kwon in absentia, presiding Judge Rakoff