"The Terraform Labs founder will serve his four-month sentence in Montenegro for document forgery before a final decision on his extradition."

"The complaint alleged that Kwon and Terraform worked with a U.S. trading firm, which was not named, to restore UST's peg after it fell nearly 10 cents in May 2021. After the trading firm bought amounts of the UST token, it received LUNA _...Read More_

>"Charges include securities fraud and misleading statements regarding LUNA and Terra USD."

Interpol has issued a worldwide arrest warrant for Terraform Labs founder DoKwon. He faces charges related to the $60 billion wipeout of cryptocurrencies he created.

"Luna Classic, the original token of the failed Terra network, appears to be making a comeback following news that Binance will burn tokens."

_...Read More_

>"LUNA is crypto’s largest gainer today among the top 100 coins—and it comes right after LUNA Classic had its own unexpected ascent."

>"Do Kwon, the disgraced founder of the once multi-billion dollar Terra ecosystem, has hired new lawyers in South Korea to _...Read More_

"More than 48 different crypto projects formerly based on the failed Terra ecosystem have found a resurgence by migrating over to Polygon."

>"The Federal Reserve vice chair today called on greater crypto regulation to avoid "systemic risk," echoing the Bank of England."

>"The lawsuit accuses Coinbase of failing to disclose the risks inherent to TerraUSD."

>"Mr. B. isn't the only Terraform Labs worker to accuse Do Kwon of causing the crash of the Terra blockchain and its coins."

Reports that Terra (the new LUNA orLUNA2) founder Do Kwon allegedly withdrew $80 million monthly before the project crashed surfaced Friday, leading members of the community to voice their opinions on the _...Read More_

[https://www.google.com/amp/s/timestabloid.com/proposal-for-the-massive-burn-of-terra-classic-lunc-to-boost-price-receives-83-support-details/amp/](https://www.google.com/amp/s/timestabloid.com/proposal-for-the-massive-burn-of-terra-classic-lunc-to-boost-price-receives-83-support-details/amp/) >"Some Terra investors still resolutely believe that Terra Classic (LUNC) can be revived _...Read More_

>"Do Kwon and Terraform Labs told to comply with SEC probes over possible unregistered securities."