The South Korean Supreme Court 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 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 lawsuit between TFL and the SEC in the US will also affect the standing of TFL executives in South Korea.
This decision will have a very positive impact on $LUNC and $USTC. The obstacles to $LUNC and $USTC are being lifted one by one. We believe that the mistakes made at LUNA and UST will not be repeated at LUNC and USTC.
Terra Classic will come back much stronger than Terra.
