Mirror Protocol News

According to documents filed on January 21, crypto asset (virtual currency) issuer Terraform Labs has filed for Chapter 11 bankruptcy protection in Delaware. This company, which issued the algorithmic stablecoin TerraUSD (UST), has assets estimated...

Terraform Labs recently lost a case when a U.S. judge ruled that LUNA and MIR are securities, and is currently facing a class action lawsuit in Singapore.

Elliott Z. Stein, a senior litigation strategist at Bloomberg Intelligence, shared his opinion on why leading American crypto exchange Coinbase has a good chance of securing victory in its motion to dismiss all claims made against it by the U.S....

The U.S. Securities and Exchange Commission (SEC) has been blowing a horn in its various legal clashes with crypto exchanges, asking courts to see how its recent win in the Terraform Labs dispute should convince other judges that the regulator is...

New SEC allegations On the 4th, the U.S. Securities and Exchange Commission (SEC) filed a supplementary notice of judicial precedent in a lawsuit against Coinbase, a major U.S. crypto asset (virtual currency) exchange. They asked the court to...

A U.S. Court has ruled mostly in favour of the SEC in its case against the bankrupt crypto platform.

A federal judge ruled Thursday in favour of the U.S. Securities and Exchange Commission (SEC), finding that Terraform Labs and its founder, Do Kwon, offered and sold unregistered crypto securities in the form of LUNA and UST.

Federal Judge Rakoff rules $LUNA and $MIR as securities, finding Terraform Labs violated U.S. laws. SEC trial, scheduled Jan 29, 2024, centres on Terra’s UST stablecoin collapse and $25M alleged fraud. Jump Trading’s involvement adds complexity; the...

Judge Jed Rakoff, who is looking into the SEC’s case against the ex-CEO Do Kwon of Terraform Labs, favors the regulatory body. As per the judgment, Kwon and Terraform carried out the sale of uncertified securities pertaining to LUNA and MIR tokens....

“UST is an unregistered security” Judge Jed Rakoff of the U.S. District Court for the Southern District of New York announced on the 28th that the U.S. Securities and Exchange Commission (SEC) has filed a lawsuit against Terraform Labs, alleging...