# TerraformLabs

3.28K

4.01M

TerraformLabs' bankruptcy administrator has filed a $4 billion lawsuit against Jump Trading. TFL holds Jump Trading responsible for the collapse of $LUNA and UST. Suspicious transactions by Jump Trading were documented in court documents following the conclusion of the Do Kwon case and his 15-year sentence. Jump Trading denies the accusations.
This case is expected to take years to resolve. LUNC and USTC investors expect all LUNC and USTC funds held by TerraformLabs to be burned. The protracted legal process negatively impacts the Terra Classic community.
#TerraformLabs #TerraClassic #LUNC #Ju

LUNC0,19%

LDOGLUNC DOG

MC:$140.83KHolders:122

100.00%

4 Likes

Reward
4
Comment
Repost
Share

Moonspid

03-30 06:37

💰 Terraform Labs to open claims portal for compensation on March 31.
Terraform Labs will start accepting compensation claims from March 31 for investors affected by the LUNA and TerraUSD collapse.
Claims are eligible for losses of $100 or more, with the total payout estimated between $184.5M and $442.2M.
The deadline for submitting claims is April 30, 2025.
#Gate Post Highlights #Crypto #moonspid #HotTopicDiscussion #TerraformLabs

PORTAL-2,6%

LUNA-1,95%

5 Likes

Reward
5
1
Repost
Share

TerryDavis

Interesting, let's see if LUNA recovers.

GutsulCrypto

2024-04-24 14:15

The U.S. Securities and Exchange Commission (SEC) is demanding that Do Kwon and Terraform Labs be fined $5.3 billion for defrauding investors after both parties were found guilty in a multi-billion dollar fraud.
This amount includes $4.7 billion in compensation for investors, plus penalty fines of $420 million and $100 million for Terraform Labs and Do Kwon, respectively.
The SEC asserts that this is a fair and justified punishment, considering the severity of the fraud and the substantial profits gained by Terraform Labs.
It is noted that Terraform Labs considers a maximum fine of $3.5 millio

MULTI-4,49%

LUNC0,19%

USTC-0,79%

Reward
like
3
Repost
Share

Mthnasaf

Is it better to be fined, you scammer, so much money is spinning in the market, do it now 1 dollar?

CryptoWiseXpert

2024-05-08 09:55

#Which trending AI tokens are on your watchlist?
Latest Update in SEC’s $5 Billion Lawsuit Against Terra ($LUNA ): Key Developments & Implications for Crypto Investors
The SEC and Terraform Labs are locked in a legal battle over alleged fraudulent activities, with the SEC demanding a hefty $5.3 billion fine. This article delves into the details of the case and its implications for the crypto industry.
SEC’s Accusations Against Terraform Labs and Do Kwon
The SEC has countered this claim, arguing that Terraform Labs “targeted US investors” and therefore should pay a heavy penalty of $5.3 billio

TOKEN-1,34%

LUNA-1,95%

COMP0,72%