A class-action suit against Uniswap Labs has been dismissed by a judge who advised the plaintiffs to take their complaints to Congress, highlighting her understanding of DeFi technology and decentralized finance.
Terraform Labs founder Do Kwon is opposing the SEC's request to question him in the U.S. related to the crash of his stablecoins Terra and Luna, stating that it is impossible due to his indefinite detention in Montenegro and that his written testimony would violate his due process rights under U.S. law.
Disgraced crypto mogul Do Kwon admitted to faking trading volume and creating fake transactions to generate fees, according to court documents filed by the U.S. Securities and Exchange Commission (SEC). Kwon's Terra collapsed last year, and the SEC is now accusing him of fraud.
Google has moved to dismiss a class action lawsuit alleging that its AI training practices violate privacy, data ownership, and intellectual property rights, arguing that using publicly available information to learn is not stealing.
Market maker Jump Trading denies restoring Terraform Labs' stablecoin, terraUSD, to its $1 peg in 2021, as the collapse of the stablecoin in 2022 raises legal concerns. The role of Jump Trading in the incident is being scrutinized, as it apparently made significant profits during the ecosystem's downfall, while the U.S. SEC has sued Do Kwon and his company for misleading investors.
