Terraform Labs and its co-founder, Do Kwon, are facing a significant legal battle in Singapore. The High Court has rejected their attempt to dismiss a class-action lawsuit, which accuses them of fraudulent misrepresentation in promoting the terraUSD (UST) stablecoin. The lawsuit was initiated by 375 claimants who allege losses of $57 million. Terraform Labs’ lawyers […]
Terraform Labs and its co-founder, Do Kwon, are facing a significant legal battle in Singapore. The High Court has rejected their attempt to dismiss a class-action lawsuit, which accuses them of fraudulent misrepresentation in promoting the terraUSD (UST) stablecoin. The lawsuit was initiated by 375 claimants who allege losses of $57 million. Terraform Labs’ lawyers […]
Hounax, a crypto trading platform, is accused of scamming Hong Kong investors and causing them to lose over $15 million. The alleged scam involved around 131 investors, with the largest reported loss being $1.54 million. The scammers built trust with the victims and even demonstrated the ability to withdraw funds from the platform. However, after […]
Hounax, a crypto trading platform, is accused of scamming Hong Kong investors and causing them to lose over $15 million. The alleged scam involved around 131 investors, with the largest reported loss being $1.54 million. The scammers built trust with the victims and even demonstrated the ability to withdraw funds from the platform. However, after […]
CoinChapter.com reported that the class-action lawsuit against Do Kwon in Singapore is still ongoing. The High Court of Singapore rejected Terraform Labs and Do Kwon’s attempt to dismiss the lawsuit, which was filed in September 2022 by Julian Moreno Beltran and Douglas Gan on behalf of 375 claimants. The lawsuit alleges fraudulent misrepresentation by Terraform […]
CoinChapter.com reported that the class-action lawsuit against Do Kwon in Singapore is still ongoing. The High Court of Singapore rejected Terraform Labs and Do Kwon’s attempt to dismiss the lawsuit, which was filed in September 2022 by Julian Moreno Beltran and Douglas Gan on behalf of 375 claimants. The lawsuit alleges fraudulent misrepresentation by Terraform […]
Singapore-based cryptocurrency exchange Binance allegedly tipped off select high-value traders about an impending settlement with the U.S. Department of Justice (DOJ) during a VIP event in September. According to Bloomberg, company representatives suggested that Binance would likely pay around $4 billion to settle its legal troubles and survive. Binance has disputed these claims but declined […]
Singapore-based cryptocurrency exchange Binance allegedly tipped off select high-value traders about an impending settlement with the U.S. Department of Justice (DOJ) during a VIP event in September. According to Bloomberg, company representatives suggested that Binance would likely pay around $4 billion to settle its legal troubles and survive. Binance has disputed these claims but declined […]
In a recent revelation, it has been reported that Binance, the world’s largest cryptocurrency exchange, discreetly informed its VIP traders about its impending $4.3 billion settlement with US authorities. This exclusive disclosure took place during a private dinner in Singapore, two months before the official settlement was announced. The event, attended by some of Binance’s […]
In a recent revelation, it has been reported that Binance, the world’s largest cryptocurrency exchange, discreetly informed its VIP traders about its impending $4.3 billion settlement with US authorities. This exclusive disclosure took place during a private dinner in Singapore, two months before the official settlement was announced. The event, attended by some of Binance’s […]
