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Terraform Faces US SEC Lawsuit Over Multi-Billion Dollar Crypto Securities Fraud

The US Securities and Exchange Commission has charged Singapore-based collapsed crypto blockchain platform Terraform Labs and its founder Do Hyeong Kwon with orchestrating a multi-billion dollar crypto asset securities fraud. According to the SEC's complaint, from April 2018 until the scheme's collapse in May 2022, Terraform and Kwon raised billions of dollars from investors by offering and selling an inter-connected …

Terraform

After Terra, Luna crashes, regulators count cost of crypto

Taipei, Taiwan – As the crypto winter deepened this month, one wealth-destroying event – the collapse of the TerraUSD and Luna coins – has brought the human cost of unstable cryptocurrency projects to the surface. “I was actually thinking that I would be able to make enough money to pay my home off, but instead, I’ve lost everything.” The incident …

Coinbase Suffers Major Outage, Binance Halts Terra Luna Crypto Trading

New Delhi: Leading crypto exchange Coinbase suffered a major outage amid crypto mayhem especially with the cryptocurrency Terra Luna, heightening fears among the investors. ALSO ON ABP LIVE: Crypto Crash: CoinSwitch Kuber CEO Ashish Singhal Explains Why He Still Remains Bullish "Has the bear market crashed their servers? The Coinbase outage came as Binance, the world's largest cryptocurrency exchange, suspended …

Terraform Labs

Terra Luna

Cryptocurrency Terra

Stablecoins are rapidly gaining ground. Vetle Lunde, analyst at Norway-based crypto research firm Arcane Research who tracks the Terra project purchases, estimates that, to reach $10 billion in reserves, the platform could eventually hold between 60,000 to 70,000 bitcoin. A stablecoin backed by bitcoin reserves, according to Terraform co-founder Do Kwon “will open a new monetary era of the Bitcoin …

Stablecoin Terra