Terra Classic USD (Wormhole) (USTC) news

DOJ Recommends 20-Year Prison Sentence for Celsius Founder Mashinsky

DOJ says Mashinsky caused nearly $7 billion in losses through fraud. He allegedly misled customers and profited from CEL token sales. Prosecutors demand a harsh sentence to deter future crypto misconduct.

Celsius Founder Joins SBF, Do Kwon in Lineup of Prosecuted Crypto Founders

Mashinsky will be sentenced on May 8 in New York. He pleaded guilty to commodities fraud and price manipulation. Celsius collapsed in 2022 after holding $13 billion in user deposits.

Celsius' Alex Mashinsky: Fraud sentencing date set for May 8

Sweeping DOJ memo signals turning point — and possible relief — for embattled crypto firms

Quick Take The memo could unravel ongoing crypto cases, said Samson Enzer, a partner at Cahill Gordon & Reindel LLP and former federal prosecutor. Better Markets compared the memo to “police going after street-level drug dealers and not the networks of cartels funding them.”

The U.S. prosecutors claim that the Justice Department's adjustment to encryption policy does not affect the charges against Do Kwon

Kwon’s Legal Battle Continues Despite DOJ Crypto Shift

Do Kwon’s Trial Solid: Crypto Fraud Case Unaffected by Shocking DoJ Unit Shift

BitGo CEO backs crypto oversight after Galaxy Digital’s $200M settlement

Share link:In this post: BitGo CEO Mike Belshe supports stricter crypto regulation, arguing that oversight is necessary to prevent industry-wide misconduct. Galaxy Digital settled with the NYAG for $200 million following allegations that it misled investors while promoting and offloading Luna tokens. Belshe condemned Galaxy Digital’s pump-and-dump tactics, warning that unethical practices could lead to excessive regulation in the crypto industry.

Galaxy Digital Settles $200 Million Lawsuit Over LUNA Token Allegations

Terraform Labs to open claims portal for creditors to address crypto losses

Scaramucci: New York’s ‘dangerously powerful’ Martin Act shouldn’t exist

LUNC Community Divided Over Controversial USTC Proposal

Terra Luna Classic Staking Model Faces Possible Revisions Amid Community Debate

Members of the LUNC community explore shortening the 21-day staking withdrawal delay to attract more users and boost staking usability. LUNC stakeholders have placed more than 1 trillion LUNC into staking while the circulating supply stands at 5.44 trillion LUNC as stakeholders debate security tactics against accessibility. Supply reduction in the Terra Luna Classic ecosystem intensifies through LUNC and USTC burning while Binance dedicates 400 billion LUNC to the reduction process.

LUNC News: Terra Luna Classic Community Proposes Major Change to Staking Rules

Zhu Su: If the crypto industry blames founders for industry failure, it may affect the participation of high-potential entrepreneurs

Do Kwon hearing postponed for 1 month as more time is needed to review 4TB of new evidence

Crypto fear index reaches Celsius, Terra, 3AC collapse levels

USTCUSDT now launched for futures trading and trading bots

QUBIC and USTC Approach Key Resistance – Could Breakouts Spark a Rally?

Prosecutor of SBF named interim head of Manhattan US attorney’s office

Danielle Sassoon questioned Sam Bankman-Fried when he testified during his 2023 trial.

Asia's weekly TOP10 crypto news (Jan 6 to Jan 12)

Judge Schedules Do Kwon’s Criminal Trial for Early 2026 Weeks After Successful Extradition to US: Report

Notional Labs CEO: The Terra crash was triggered by an anonymous attack, Do Kwon is not to blame

Do Kwon’s U.S. Fraud Trial Scheduled for 2026 Amid Evidence Access Challenges

US prosecutors to search Do Kwon’s Twitter and emails for evidence

Critical Date Set for Trial to Determine the Fate of Terra (LUNA) and Founder Do Kwon

A new date has been set for the U.S. trial involving Terra (LUNA) founder Do Kwon. Here's everything you need to know.

Terraform’s Do Kwon to go on criminal trial in early 2026

Share link:In this post: Do Kwon’s U.S. trial starts January 26, 2026, for $40B crypto collapse. Over a million victims linked to TerraUSD and Luna crash. Prosecutors accused Kwon of misleading investors with fake decentralization.

US court schedules Do Kwon’s jury trial for January 2026

A pretrial conference will take place in Mar. 6 and might include a plea deal requirement.

Do Kwon gets US trial date for $40bn Terra collapse

Terra founder Do Kwon will head to trial almost four years after his blockchain and stablecoin collapsed, setting off the latest “crypto winter.”

Do Kwon’s Criminal Trial to Start on January 2026

Do Kwon's trial over Terra/LUNA's $40 billion collapse is set for January 2026, with delays from encrypted data and translation challenges.