Tags: Terra

Managed by administrators at New York-based Kroll, the portal will open on Monday, March 31 and close on April 30.

The claims process requires proof of ownership, with on-chain verification preferred over manual submissions to avoid delays or rejections.

The New York Attorney General and Galaxy Digital have agreed to a settlement over the firm‘s handling of LUNA before its 2022 collapse.

Terra founder Do Kwon‘s criminal trial has been set. Here‘s what you need to know about the $40 billion collapse of TerraUSD and LUNA.

Court documents allege that Do Kwon‘s crypto ecosystem Terra may have affected over a million victims when UST and LUNA collapsed in 2022.

Do Kwon faces U.S. criminal charges as prosecutors allege his Terra ecosystem misled investors, causing over $40 billion in losses.

Kwon now faces nine charges, including commodities fraud and money laundering conspiracy, instead of the eight counts he was previously charged with.

Freshly extradited from Montenegro, Terraform Labs co-founder Do Kwon pleaded not guilty to U.S. criminal charges over Terra‘s collapse.

Terraform Labs co-founder Do Kwon had been held in Montenegro since his March 2023 arrest at Podgorica airport.

The SEC and Terraform Labs reached a $4.47 billion penalty, thereby settling charges over the collapse of TerraUSD and Luna tokens.

Director Harry Hyun said the movie will portray “the reality of young people who are addicted to stocks during the day and coin speculation at night.”

More than half of the SEC’s recoveries came from crypto, mainly the $4.5 billion settlement in the Terraform Labs case.

The approval marks the final step in Terraform’s Chapter 11 bankruptcy proceedings.

The company behind TerraUSD and Luna could shell out up to $442 million to investors.

Despite fewer cases, the SEC’s enforcement strategy shifted to larger fines, with average penalties jumping to $426 million per action.

Galois Capital got punished twice over by the FTX collapse, now settling SEC charges related to misleading customers and mishandling assets.

The fate of Terraform Labs will be decided at the Chapter 11 bankruptcy hearing scheduled for September 19.