US SEC Agrees to Delay Terraform Labs’ $40-Billion Crypto Fraud Trail for Do Kwon’s Extradition

US SEC Agrees to Delay Terraform Labs’ $40-Billion Crypto Fraud Trail for Do Kwon’s Extradition

ByNews Polite

The US Securities and Exchange Commission agreed to delay a civil trial against Terraform Labs and co-founder Do Kwon for allegedly orchestrating a $40 billion (roughly Rs. 3,32,329 crore) cryptocurrency fraud, so that Kwon can be extradited and attend. In a Monday filing in Manhattan federal court, the SEC said…

Dogecoin Co-Founder Billy Markus Believes Terra 2.0 Will Attract ‘Dumb’ Gamblers

Dogecoin Co-Founder Billy Markus Believes Terra 2.0 Will Attract ‘Dumb’ Gamblers

ByNews Polite

Dogecoin co-founder Billy Markus who’s been very vocal on Twitter about the TerraUSD stablecoin debacle, now claims that the upcoming launch of Terra 2.0 — the new iteration of the failed blockchain project, will show the world how “dumb” cryptocurrency gamblers really are. The reboot, tabled by Terra CEO Do…

South Korea Police Wants Country’s Crypto Exchanges to Freeze Luna Foundation Guard’s Assets

South Korea Police Wants Country’s Crypto Exchanges to Freeze Luna Foundation Guard’s Assets

ByNews Polite

South Korean police authorities have taken measures to freeze assets of the Luna Foundation Guard (LFG) following the Terra UST stablecoin bust at the beginning of May. As per a report by a local news publication, the Seoul Metropolitan Police Agency has asked multiple exchanges to block Luna Foundation Guard…

Terra’s Internal Legal Team Resigns After LUNA, UST Debacle

Terra’s Internal Legal Team Resigns After LUNA, UST Debacle

ByNews Polite

The in-house legal counsel at Terraform Labs, the blockchain startup behind the UST stablecoin and LUNA governance token has silently resigned from the company. Terraform Lab’s general lawyer Marc Goldich, chief litigation, and regulatory counsel Noah Axler, and chief corporate counsel Lawrence Florio all left the blockchain business in May…