Terra

Coin

<ul class="news-points"> 
 <li>South Korean prosecutors plan to leverage the recent decision in the SEC and Ripple case against Terraforms Labs.</li> 
 <li>A report from a local news outlet reveals that the prosecutors have obtained a translated copy of the ruling in Ripple’s case.</li> 
 <li>The prosecutors believe the ruling of Judge Analisa Torres that Ripple is not a security unless offered to institutional investors could help prove its case against Luna.</li> 
</ul> 
South Korean prosecutors investigating the Terra-Luna collapse plan to use the court ruling in the <a href="https://coinedition.com/tag/sec/" rel="noopener noreferrer nofollow">SEC</a> v <a href="https://coinedition.com/tag/ripple-xrp/" rel="noopener noreferrer nofollow">Ripple</a> case to prove the securities status of Luna. The Terra-Luna collapse, which wiped out over $40 billion, prompted many investigative actions against the company and its co-founders, Kwon Do-Hyung and Shin Hyun-Seung. 
According to South Korea’s Maeil Business News, Seoul prosecutors have secured a translated copy of the Ripple case decision, which they plan to tender in court. Notably, the prosecutors believe that Judge Analisa Torres ruling that XRP itself is not categorized as a security unless sold to institutional investors would help prove its case against Terraforms Labs. 
The prosecutors plan to leverage this distinction to counter cl… 
The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/seoul-prosecutors-to-use-ruling-in-xrp-case-in-terra-luna-lawsuit/">Seoul Prosecutors to use Ruling in XRP Case in Terra Luna Lawsuit</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.

Seoul Prosecutors to use Ruling in XRP Case in Terra Luna Lawsuit

Coin Edition

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