In the latest legal maneuver, Terraform Labs and its former CEO Do Hyeong Kwon (Do Kwon) have submitted a comprehensive Motion for Summary Judgment, seeking an immediate dismissal of the fraud charges levied against them by the U.S. Securities and Exchange Commission (SEC). Terraform Labs and Do Kwon Push Back Against SEC Accusations Lawyers for […]
PRESS RELEASE. On October 19, 20, and 23, the blockchain community converged for LBank Labs’ Demo Day, a collaborative effort with Collab+Currency and the Blockchain Builders Fund. The event garnered significant attention, with over 200+ registrants and a turnout of more than 150+ attendees, of which over 70% are global funds. Serving as a nexus […]
Lightning Labs has released the mainnet alpha of its Taproot Assets daemon, advancing the project that seeks to enable stablecoins and other token assets on the Bitcoin blockchain. The software provides developers with tools to begin issuing and managing assets on Bitcoin and integrating them with the layer-two (L2) network. Lightning Labs Wants to ‘Bitcoinize […]
The bankrupt crypto exchange FTX received permission to sell its crypto assets valued at more than $ 3.4 billion after John Dorsey, the presiding bankruptcy court judge, approved the motion. Moreover, Tron founder Justin Sun took to social media and said he is considering an offer for FTX’s holdings. FTX Wins Approval to Offload …
The bankrupt estate of cryptocurrency exchange FTX is suing blockchain company Layerzero Labs in an attempt to claw back a $ 45 million deal and over $ 40 million in withdrawals made in the days before FTX filed for bankruptcy. The lawsuit alleges that Layerzero exploited FTX’s financial distress to negotiate a fire-sale …