Terra LUNA Surges 42% Amid TFL Bankruptcy Proceedings

Amidst the tumultuous legal landscape, Terra (LUNA) experiences a remarkable surge of 42% with a current price of $1.181, capturing the attention of the cryptocurrency community. However, this surge coincides with a heated legal battle between Terraform Labs, the company behind Terra, and the U.S. Securities and Exchange Commission (SEC). Terraform Labs finds itself in the midst of bankruptcy proceedings, where it confronts objections raised by the SEC regarding its legal representation.