Chris Amani, a Terra employee since 2021, has reportedly been serving as the company’s CEO for months.
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Chris Amani, a Terra employee since 2021, has reportedly been serving as the company’s CEO for months.
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Terra co-founder Do Kwon is currently in custody in Montenegro, while Daniel Shin’s trial preparations in South Korea are reportedly underway.
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Blockchain data showed the wallet reportedly associated with LFG had a balance of roughly 6,983 BTC in October 2022, with transactions later moving funds to different addresses.
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The Luna Classic burn mechanism works by automatically burning tokens whenever a transaction occurs on the network.
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Bank of Italy is calling for closer regulator scrutiny of stablecoins, which they say “have not proved stable at all.”
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The Terra Allies senior engineering full stack team, known as the Six Samurai, has presented their Q3 spend proposal, emphasizing their deep passion as LUNC holders.
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The Terra Labs co-founder will be held for up to six months while the Montenegrin court considers South Korea’s extradition request.
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The lawsuit, initially filed on May 9, alleges the firm and its CEO was involved in a price manipulation scheme tied to the TerraUSD stablecoin.
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South Korean senior prosecutor Dan Sunghan says Kwon’s extradition to South Korea makes better sense, but suggested Kwon could also serve time in the US too.
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Lawmakers in Japan have decided to enforce stricter Anti-Money Laundering measures to trace cryptocurrency transactions from June 1.
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