TerraClassicUSD (USTC) news

SEC Penalizes Jump Trading $123M for Backing TerraUSD

SEC fines Jump Trading subsidiary $123 million for propping up TerraUSD stablecoin during depeg

Quick Take The SEC and Tai Mo Shan, a subsidiary of Jump Trading’s crypto unit, have reached an agreement for the latter to pay about $123 million in fines after it spent $20 million to help prop up the TerraUSD stablecoin in May 2021. Tai Mo Shan will pay the penalty without admitting to or denying the SEC’s findings, pursuant to the agreement.

Protocol Built On Terra Classic Teases Testnet Launch

Jorge Tenreiro becomes SEC chief litigation counsel for crypto

SEC Alleges Misleading Claims and Fraud by Touzi Capital in $115 Million Crypto Investment Scheme

SEC reports record $8.2B in fines for 2024

SEC Tops $8.2 Billion From Enforcement Actions In 2024 Alone

The SEC Chair has long been known for his regulation-by-enforcement approach to cryptocurrencies.

SEC nets record $8.2B in fines, Australia considers crypto tax framework: Law Decoded

SEC collects $8.2B in penalties during fiscal 2024

SEC to receive record $8.2 billion from enforcement in fiscal 2024, mostly from Terraform Labs

SEC nets record $8.2B from enforcement, mostly from Terraform Labs

Crypto Fraud Penalties Propel SEC’s 2024 Enforcement to $8.2 Billion

The SEC also prioritized investor protection, distributing $345 million to harmed investors and awarding $255 million to whistleblowers this year.

Avalanche Foundation buys back $52 million worth of AVAX tokens from Do Kwon's defunct 'Luna Foundation Guard'

The Avalanche Foundation has repurchased 1.97 million AVAX tokens from the bankrupt LFG, worth approximately $52 million

Arkham Research enters crypto market with new exchange for perpetual trading

Arkham Research is launching an exchange for trading perps next week, marking its first foray directly into crypto trading.Perps, or perpetual swaps, are a type of derivative contract without an expiration date pioneered by the crypto industry.

Avalanche Foundation buys back $52 million worth of AVAX tokens from Do Kwon's defunct 'Luna Foundation Guard'

Quick Take A bankruptcy court has allowed the Avalanche Foundation to buy back over $52 million worth of AVAX tokens it sold to the defunct Luna Foundation Guard in early 2022. The move marks the closing of the book of Avalanche’s doomed relationship with the failed algorithmic stablecoin project.

LUNC and USTC Removed from LFG Wallet But Not Burned. Here’s the Significance

Avalanche Launches Visa Card for Crypto Payments

Avalanche has launched the Avalanche Visa Card, enabling users to make crypto payments with WAVAX, USDC, and more at any Visa-accepting location.

Montenegro halts Do Kwon’s extradition again ahead of appeal ruling

Do Kwon’s Shadow Transfers Exposed: Montenegro Makes Decision

Overview of Key Overnight Developments on October 19

Overview of important overnight developments on October 19

Will Do Kwon Face Extradition? Montenegro’s Final Verdict Imminent!

Is Do Kwon Going to South Korea or United States? Montenegro Pushes Extradition Case

Montenegro to Finalize Do Kwon’s Extradition Plans by Oct. 20

Montenegro's Supreme Court reportedly ruled that Do Kwon qualifies for extradition to both South Korea and the US, leaving the final decision to the Minister of Justice.

Terra Luna Faces Uncertainty as Do Kwon’s Extradition Looms

Montenegro to determine Do Kwon's extradition fate this weekend

BREAKING: Hot Statement from Montenegro’s Minister of Justice on the Fate of Terra (LUNA) Founder

Terraform Labs Co-founder Do Kwon Extradition Approved by Montenegro Supreme Court

Terra Founder Do Kwon Allegedly Made Cryptocurrency Transactions in Prison: His Phone Turned On After Mysterious Incident

Terra (LUNA) founder Do Kwon allegedly made multiple cryptocurrency transactions while in prison. Here are the details.