Mirror Protocol (MIR) news

Do Kwon Might Receive a 12 Year Prison Sentence After Guilty Plea

After entering a guilty plea, Do Kwon will likely receive a 12-year prison sentence followed by deportation from the US. His cooperation with the courts has apparently yielded significant leniency. The presiding Judge, Paul Engelmayer, emphasized that Kwon must pay $19 million in penalties and accept culpability for Terraform&#8217;s criminal activities. Do Kwon Will Get &hellip; <a href="https://beincrypto.com/do-kwon-guilty-plea-prison-sentence-details/">Continued</a>

Do Kwon trades guilty plea in $40b fraud scheme for a shot at freedom

Cardano’s Charlie Hoskinson struggles to defend himself against accusations of being a scammer

Share link:In this post: Charles Hoskinson says attacks against him are driven by personal hate, not facts. He denies using a “genesis key” to take $619M ADA during the 2021 Allegra hard fork. A 318M ADA transaction from October 2021 triggered the current controversy.

Cardano’s Hoskinson denies ADA misappropriation allegations, calls them deeply personal and damaging

Cardano founder Hoskinson accused of hijacking $619 million

The Russian Central Bank Wants To Reserve Bitcoin For The Rich

Central Bank of Iran promises CBDC launch, fintech to fight sanctions

Iran plans digital rial launch to modernise financial systems

Iran Prepares for Digital Rial CBDC Launch Amid Sanctions

In June, the CBI launched a retail CBDC trial on Kish Island, a free trade zone that hosts millions of tourists each year.

PayFi’s secure passwords in the payment revolution guard the core of Web3 finance

India and Russia kick US dollar out of their relationship

Share link:In this post: India and Russia integrate RuPay and MIR payment systems to reduce dependence on the US dollar in their trade. Modi’s visit to Moscow strengthens India-Russia ties with a $100 billion trade target by 2030. BRICS pushes de-dollarization despite US dollar’s continued global dominance.Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent

How to allow thousands of nodes to multi-sign BTC and re-stake to reshape the future of L2 upstream

Terraform faces ‘significant liability’ after SEC trial

Terraform plans to appeal an earlier summary judgment from Judge Rakoff pending the trial outcome

Terraform Labs filed for bankruptcy to protect against potential SEC money judgment

Terraform Labs CEO explained that the firm's current focus is not profit generation.

Here’s Why Terra’s Do Kwon Asked The Court To Postpone Trial

Chai payments app, used to promote Terra ecosystem, didn't use crypto: SEC whistleblower

Quick Take A judge has ruled that four assets related to the Terra/Luna ecosystem are unregistered securities, deciding against defendants Terraform Labs and its founder Do Kwon in summary judgment. In the decision, Judge Rakoff also detailed evidence that the Chai payments platform, often touted as an example of a real-world use case for the Terra/Luna ecosystem, merely mirrored payments made through traditional means on the Terra blockchain.

Terraform Labs Sold Unregistered Securities, Says Judge

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

Judge sides with SEC in Terraform case on securities sales question

The judgment represents an SEC victory ahead of a formal trial

Court rules that Terraform illegally sold unregistered securities LUNA and MIR, violating federal securities laws

New York judge grants SEC summary judgment over claim that Terraform sold unregistered securities

Quick Take Judge Jed Rakoff in the U.S. District Court for the Southern District of New York granted summary judgment for the SEC on that claim, while also siding with Terraform “on the claims involving offering and effecting transactions in security-based swaps,” according to an order filed on Thursday.

Terraform Labs asks for jury to decide whether UST and LUNA tokens are securities

Terraform Labs asks jury to decide whether UST and LUNA are securities

Terraform Labs asks judge to let jury decide if UST and LUNA tokens are securities

Quick Take Terraform Labs asked a judge this week to let a jury decide if the UST and LUNA tokens are securities.

Where things stand: The SEC vs Do Kwon and Terraform Labs

Both the SEC and the defendants have pushed for summary judgments — albeit for different reasons

SEC Requests Do Kwon’s Summary Judgement from Federal Judge

SEC seeks summary judgment in Do Kwon and Terraform Labs case

Do Kwon and Terraform Labs ask judge to toss SEC’s lawsuit