Terra-related tokens dump as SEC labels them securities
In the Feb. 16 complaint, the SEC alleged that several tokens related to the Terra ecosystem were securities.
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In the Feb. 16 complaint, the SEC alleged that several tokens related to the Terra ecosystem were securities.
Oluwapelumi Adejumo 2 min read
The SEC filing revealed that Do Kwon and Terraform Labs transferred over 10,000 BTC into a cold wallet, worth roughly $100 million.
The project has not announced whether it will settle with or challenge the regulator.
Lawyers defending Avraham Eisenberg argued that Mango DAO was not under duress — taking an amount of extended time to consider the proposals.
Two notable developments took place in U.S. courts today.
Eligible Celsius users will be able to withdraw 94% of their assets from the platform after updating their KYC and other account information.
Prosecutors allege the use of a VPN is no different than use of encrypted messaging apps like Signal, which SBF is forbidden to use while on bail
BA: SEC's move to classify nine tokens as securities without prior court order potentially violated the creators' right to defend themselves.
SBF's lawyers said he only used the VPN to watch the National Football League (NFL) playoffs and the Super Bowl via an international subscription.
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