News Explorer — Do Kwon Settlement Lifts Terra Coins LUNA, LUNC

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May 31, 10:16 am

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Do Kwon Settlement Lifts Terra Coins LUNA, LUNC

Cryptocurrencies linked to the Terra ecosystem, including LUNA and LUNC, have experienced gains following a tentative settlement reached between Terraform Labs and the SEC. LUNA is up 16.3% in the past 24 hours, trading at $0.69, while LUNC has risen by 9.5% to $0.0001215. The settlement comes after a New York jury found Terraform Labs and its founder, Do Kwon, liable for civil fraud charges related to the collapse of TerraUSD and LUNA in May 2022.

Cryptocurrencies linked to the Terra ecosystem, including LUNA and LUNC, have experienced gains following a tentative settlement reached between Terraform Labs and the SEC. LUNA is up 16.3% in the past 24 hours, trading at $0.69, while LUNC has risen by 9.5% to $0.0001215. The settlement comes after a New York jury found Terraform Labs and its founder, Do Kwon, liable for civil fraud charges related to the collapse of TerraUSD and LUNA in May 2022.

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