Luna Classic (Former Terra)

Luna Classic (LUNC) is the native token of the original Terra blockchain, which was launched in 2018. Previously, there was an exchange relationship between LUNC and UST, an algorithmic "stablecoin" intended to have a constant value of $1. After UST depegged from $1 in May 2022, the price of LUNA and UST crashed. As a result, the Terra community voted to create a new blockchain. The original Terra blockchain and LUNA token were rebranded as Terra Classic and Luna Classic. The goal of Terraform Labs, the firm that developed the new and old Terra blockchains, is that the protocols and applications of the Terra Classic network will migrate to the new Terra 2 blockchain. As of June 2022, the future utility of the original Terra blockchain is uncertain.

Terra

Han Chang-joon, the former financial officer of Terraform Labs, has been extradited to South Korea from Montenegro, where he had been held since his arrest in March 2023.

Do Kwon's Former Terraform Labs CFO, Han Chang-joon, Extradited to South Korea

The former developer of Terraform Labs testified that Terra executives knowingly deceived investors, according to local media.

Former Terra developer testifies against Do Kwon at South Korean court: report

Montenegro recently extradited the former Terraform Labs financial officer Han Chang-joon to South Korea where he faces fraud-related charges. According to the Montenegro police, the decision to extradite Han was made by the country's Justice Ministry.

Former Terraform Labs Financial Officer Has Been Extradited to South Korea — Montenegro Police

Former Terraform Labs CFO Han Chang-joon faces charges in South Korea including fraud that could carry a life sentence.

Terraform Labs Former CFO Extradited From Montenegro to South Korea

Han Chang-joon was handed over to South Korean authorities following a decision by the Balkan country's Ministry of Justice.

Terraform Labs former CFO extradited to South Korea

Han Chang-joon was charged with carrying falsified travel documents alongside Terra co-founder Do Kwon last year.

Former Terraform Labs CFO Han Chang-joon Extradited to South Korea by Montenegro

Terraform Labs' bankruptcy protection would allow the company to pursue an appeal against the SEC's fraud lawsuit, the company said.

Terraform Labs says bankruptcy helps afford appeal against SEC's fraud lawsuit

Collapsed crypto company Terraform Labs has filed for Chapter 11 bankruptcy in the United States. The firm submitted a voluntary petition to the U.S. Bankruptcy Court for the District of Delaware.

Crypto Company Terraform Labs Files for Chapter 11 Bankruptcy Protection

Terraform Labs has filed for Chapter 11 bankruptcy in the U.S. amid ongoing litigation with the U.S. Securities and Exchange Commission (SEC). The company stated in its bankruptcy filing that “funds will be available for distribution to unsecured creditors.” Meanwhile, Terraform Labs co-founder Do Kwon is facing an upcoming SEC trial and extradition proceedings.

Terraform Labs Files for Bankruptcy in US Amid SEC Lawsuit

The firm said that the bankruptcy filing would enable it "to execute on its business plan while navigating ongoing legal proceedings."

Terraform Labs Files for Chapter 11 Bankrupty in Delaware

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.

Terraform Labs Declares Bankruptcy in Delaware

Terraform Labs, the parent company of the defunct stablecoin TerraUSD, has submitted a petition for Chapter 11 bankruptcy protection in the United States. What Happened: Do Kwon co-founded Terraform Labs lodged an official request for Chapter 11 bankruptcy protection with the United States Bankruptcy Court for the District of Delaware, reported Cointelegraph on Monday.

Terraform Labs Files For Chapter 11 Bankruptcy Protection Amid Legal Woes Facing Co-Founder Do Kwon

Terraform Labs, the company behind the stablecoin TerraUSD, which collapsed and roiled cryptocurrency markets in 2022, filed for Chapter 11 bankruptcy in the United States, according to court papers filed on Sunday.

Terraform Labs files for bankruptcy protection in the U.S.

Terraform Labs Pte. Lte. filed for Chapter 11 bankruptcy in the U.S. Bankruptcy Court for the District of Delaware on Jan. 21.

Terraform Labs files for Chapter 11 bankruptcy in Delaware

Terraform Labs, the company behind the stablecoin TerraUSD, filed for Chapter 11 bankruptcy in the United States, according to court papers filed on Sunday.

Terraform Labs files for bankruptcy protection in US

A federal judge on Tuesday delayed the U.S. Securities and Exchange Commission's trial against Terraform Labs and co-founder Do Kwon over an alleged $40 billion cryptocurrency fraud, to allow time for Kwon to be extradited so he can attend.

US SEC trial against Terraform Labs postponed to allow Do Kwon extradition

The trial of Terraform Lab' former CEO has been pushed back to late March after his lawyer said he faces challenges to get him to the U.S.

Trial for former Terraform Labs CEO Do Kwon pushed back to March

The U.S. Securities and Exchange Commission agreed to delay a civil trial against Terraform Labs and co-founder Do Kwon for allegedly orchestrating a $40 billion cryptocurrency fraud, so that Kwon can be extradited and attend.

US SEC willing to delay Terraform Labs trial for Do Kwon's extradition

Local courts may be facing political pressure regarding Kwon's extradition to the U.S. or South Korea, his lawyer Goran Rodic told CoinDesk.

Do Kwon Appeals New Montenegro High Court Decision Upholding Extradition Requests, Lawyer Says

Disgraced Terraform Labs founder Do Kwon is reportedly asking a judge to delay the U.S. Securities and Exchange Commission's (SEC) trial to March so he can make an appearance. In a new letter addressed to the court uncovered by Inner City Press, Kwon's lawyers ask District Judge Jed S.

Terraform Labs Founder Do Kwon Asks US Judge To Postpone SEC Trial Amid Extradition Delays: Report

Terraform Labs co-founder Do Kwon has requested that the judge in his fraud case delay the trial date, currently set for Jan. 29, 2024, because Kwon is still tied up in extradition proceedings in Montenegro. Terra's Do Kwon Requests Trial Postponement Due to Extradition Issues In a letter to U.S.

Terra's Do Kwon Seeks Trial Delay, Citing Extradition Holdup

Terraform Labs co-founder and former chief Do Hyeong Kwon's legal defense team has requested an extension of their client's trial date. What Happened: “Mr.

Terra Founder Do Kwon Asks For Trial Extension, Pushing Back Extradition To US

Lawyers for Kwon said that an adjournment to mid-March "would provide a realistic possibility" for him to attend.

Terra Co-Founder Do Kwon Requests SEC Trial Delay So He Can Attend

The counsel representing Terraform Labs co-founder Do Kwon has asked a US court to push back the SEC trial against him.

Terra founder Do Kwon asks court to delay SEC trial for personal appearance: report

The former CEO of Terra is being held in Montenegro after being caught in Podgorica's airport with falsified documents.

News for Luna Classic (Former Terra) Crypto (LUNC)