The Supreme Court of South Korea ruled that UST and LUNA are not securities, rejecting prosecutors' attempts to seize the assets of Terraform Labs executives.
This decision set an important precedent for the future status of virtual assets in South Korea. Despite the ruling; TFL executives continue to face fraud charges related to market manipulation and investor deception.
The outcome of the ongoing case between TFL and the SEC in the U.S. will also impact the situation of TFL executives in South Korea.
This decision will have a very positive effect on $LUNC and $USTC. The obstacles on $LUNC and $USTC are being removed one by one. We believe that the mistakes made with LUNA and UST will not be repeated with LUNC and USTC.
Terra Classic will return much stronger than Terra...
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