The Chai payment application, used to promote the Terra ecosystem,

Kahn332

Golden Finance reports that in a recent summary judgment ruling, Judge Jed Rakoff of the Southern District of New York determined that the company Terraform Labs, co-founded by Do Kwon, sold four cryptocurrencies that qualify as unregistered securities: TerraUSD (UST), LUNA, wLUNA, and Mirror Protocol (MIR). In the judgment, Judge Rakoff also provided detailed evidence, demonstrating that the Chai payment application, used to promote the Terra ecosystem, had never operated on the Terra blockchain. Allegedly, payments were settled using traditional methods and then mirrored onto the Terra blockchain by servers controlled by Kwon.

Indra55

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Jatin255

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Jiger955

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