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Critical New Development in Terra (LUNA) and SEC Lawsuit: Billions of Dollars Are Talked About The SEC, which filed for a final decision two weeks after the conclusion of the hearing, is demanding that Terraform Labs and Kwon pay $4.74 billion in damages and precautionary interest. Furthermore, the regulator is seeking damages totaling $520 million, including $420 million from Terraform Labs and $100 million directly from Kwon. In an attached fact sheet filed with the court, SEC justified the total amount by stating that Kwon and Terraform Labs "have made over $4 billion in ill-gotten gains (and possibly much more) from their illegal conduct." SEC added that the amount of the penalty represents a "conservative" but "reasonable approach" of Terraform and Kwon's "ill-gotten gains." In addition to the hefty fines, SEC is also seeking injunctions to prevent Kwon and Terraform Labs from committing further securities violations and buying or selling "any crypto-asset securities." The regulator is also seeking a ban on officers and directors that would prohibit Kwon from serving as officers or directors in a publicly traded company reported by the SEC. SEC noted that such measures are necessary to deter future violations, since "the defendants have not shown remorse for their conduct and cannot be doubted that they are in a position where additional violations are not only possible, but probably already occur." #ContentStar# #Gate post Highlights# #HotTopicDiscussion# #BountyCreator# #GateLive# #NewsMessenger# #LUNA# #LUNC# #LUNR# #LUNCH#

#Terra Classic Topluluğu, Yeni Yükseltme için Oylama Yapıyor: LUNC Token Yükselecek mi?# The Terra Classic community has started voting for the blockchain's next major upgrade after last year's major parity upgrade. The Terra Classic v2.4.2 upgrade will primarily introduce IBC-Hooks, which will enable the addition of dApps on Terra Classic, primarily the Enterprise DAO. The software update proposal, Upgrade v2.4.2, is currently up for vote in the Station wallet and requires governors and the community to update the terrad client to v2.4.2 (upgrade name v7) in order to receive approval. If the proposal is accepted, the Terra Classic chain will be stopped on March 25 at 17:00 Turkish time, at the expected block height of 17309000. Voting on the proposal will end on March 15. Since each proposal must go through a one-week discussion process before voting, several changes have been made after a discussion has been held in the community. Major changes include the removal of packet forward middleware (PFM) from the mainnet version and the addition of a minimum initial deposit.

$LUNR It’s one of the laggards

$LUNR #LUNR It could make a move similar to the one I marked with the arrow. Is it obligated to do so? No it depends on the company and the news flow

#VINE# requests pump