Tag Archives: Terra

Brace For Impact: Court Orders Massive LUNC Burn As Part Of $4.5 Billion Settlement For Terraform Labs

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The Terraform Labs to burn the tokens in their possession.  Court Orders LUNC Burn As Part Of Terraform Labs Settlement Terraform Labs is set to carry out LUNC burns as part of its $4.5 billion settlement with the US Securities and Exchange Commission (SEC). These burns must be carried out before the end of this… Continue reading Brace For Impact: Court Orders Massive LUNC Burn As Part Of $4.5 Billion Settlement For Terraform Labs→

US Court Filings Expose Montenegro’s Prime Minister’s Stake In Failed Terraform Labs

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A recent Bloomberg report has revealed that Montenegro’s Prime Minister, Milojko Spajic, personally invested in Terraform Labs years before the company’s collapse. The discovery has raised concerns regarding the founder’s choice to flee prosecution by seeking refuge in the same nation.  The founder of Terraform Labs, Do Kwon, was detained in Montenegro in March 2023… Continue reading US Court Filings Expose Montenegro’s Prime Minister’s Stake In Failed Terraform Labs→