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The Latest Breaking News from Terra

Crypto Fraudster Do Kwon Gets 15 Years for $40 Billion Terra/Luna Collapse That Triggered 2022 Crash

Terraform Labs co-founder Do Kwon sentenced to 15 years for orchestrating $40B Terra/Luna collapse. Judge said he committed "fraud on epic, generational scale."

International Business Times

SPACs, SMRs and How to Invest in the Nuclear Insurgency

Big nuclear deployments are in process, but small modular reactors could be a better way to meet rapidly rising electric power demand.

Kiplinger

Cryptocurrency Mogul Do Kwon Admits Guilt in $40B Collapse — Prison and $19M Forfeiture Included

Terraform Labs founder Do Kwon has pleaded guilty to fraud over the $40B collapse of TerraUSD and Luna, facing up to 25 years in prison and $19M forfeiture.

International Business Times UK

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Sixth Strongest Earthquake in World History Triggers Tsunami Warnings Throughout Pacific

A powerful 8.8-magnitude earthquake struck near the Kamchatka Peninsula in Russia, triggering widespread tsunami alerts across the Pacific on Wednesday morning. It was the strongest quake in the region since 1952 and disrupted lives from East Asia to the Americas, as evacuations and alerts were initiated.

Latin Times

Orbea Terra gravel bike first ride review: More capability without sacrificing versatility and speed

Orbea gives its Terra gravel bike an update to enhance its adventure and ultra-endurance racing credentials

Cycling News

Sometimes, I let my subjects know I was photographing them, sometimes I didn’t. It was a constant battle of choices, but as an outsider, I was often forgiven for my rudeness

Richard Koek on his photographic portrait of a city with fascinating contrasts

Digital Camera World

Terra team venture south for new cafe venture

Recess Coffee will also roast its own coffee.

The Canberra Times

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Terra Blockchain Exploit: Millions Drained Due To Vulnerability Uncovered In April

The Terra blockchain had to be halted briefly on Wednesday after what a blockchain security firm said was an exploit of the network, affecting four specific cryptocurrencies and wiping out millions.

International Business Times

Jump Trading made 25-year-old Kanav Kariya into a crypto celebrity. He went out as the baby-faced symbol for a crypto disaster

How a venerable Chicago financial firm became a blockchain kingmaker, then fell back to earth.

Fortune

The CFTC is probing Jump Crypto, previously one of the sector's biggest players

After taking an active role in the blockchain sector, Jump has since pulled back on its crypto efforts.

Fortune

Collapsed Terraform, Do Kwon Agree To Pay $4.5B To Settle SEC Case

Do Kwon, the founder of the crypto empire that shook the digital assets industry when it collapsed in 2022, will pay to settle a fraud case filed by the U.S. SEC in relation to the crash of the Terra and Luna stablecoins.

International Business Times

‘It’s eating what the sea provides’: Galicia’s Atlantic diet eclipses Mediterranean cousin

In Fisterra in north-west Spain, a diet rich in seafood, fruit and vegetables survives, and has been found to reduce the risk of type 2 diabetes and heart-related conditions

The Guardian - UK

Terra's Do Kwon Loses Bid To Stay In Montenegro, Court Confirms South Korea Extradition

The Montenegrin appeals court has rejected Do Kwon's attempt to block his South Korea extradition, making his home country one step closer to finally prosecuting the fallen crypto magnate.

International Business Times

Terra's Do Kwon Wins Appeal Against US Extradition

Do Kwon's much-anticipated extradition has been delayed as a Montenegro appeals court revoked an earlier court decision to allow for his transfer to the United States.

International Business Times

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International Business Times

SEC Challenges Terraform Labs' 'Suspicious' Dentons Legal Fees

The SEC filed a securities fraud lawsuit against Terraform Labs and its former CEO Do Kwon in 2022, and ahead of the trial, the regulator wants the court to block the bankrupt blockchain firm from hiring law firm Dentons.

International Business Times

Do Kwon's Terraform Labs Hits Rock Bottom; Seeks Bankruptcy Protection In US Amid Legal Turmoil

Last week, Judge Jed Rakoff moved the start date of the SEC v. Terraform Labs and Kwon $40 billion fraud case trial to March 25 from the initial Jan. 29 start date, following an appeal from the crypto mogul's camp.

International Business Times

Terraform Labs' Do Kwon Seeks U.S. Trial Adjournment Amidst Montenegro Extradition Setbacks

The delay in Mr. Kwon's extradition proceedings in Montenegro was a direct result of an appeal made by his legal team, which successfully gained the court's approval.

Fortune

Judge rules Terra ‘stablecoin’ and other tokens are securities in victory for the SEC and departure from Ripple case

The doomed crypto project created by Do Kwon still faces fraud-related charges.

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International Business Times

Judge Approves Protective Order In SEC Vs Terraform Labs Case, Court Filings To Stay Confidential

The SEC and Terraform Labs have agreed to the terms approved by the court, requiring both parties to not disclose materials marked as confidential. All discovery filings marked as confidential should also be sealed.

Fortune

Bitcoin roars past $40,000 as SEC’s next window to approve spot ETFs draws near

Bitcoin has not broken $40,000 since April 2022, before the collapse of Terra and other high-profile crypto projects.

International Business Times

SEC Got Help From Whistleblowers To Build Fraud Case Against Do Kwon And Terraform Labs: Lawyers

During a hearing at a Manhattan court last Thursday, lawyers for Kwon said that unnamed whistleblowers, one of them from Jump Trading Group, had helped federal regulators in building their fraud case against the Terra co-founder.

Fortune

Why are there so few great startup founders in their 20s? Some blame crypto

One writers suggests there are fewer founders because promising entrepreneurs went into crypto and found a dead end.

Fortune

The surprise wildcard in tiny Montenegro’s election: a notorious crypto fugitive

Ponzi schemer Do Kwon, who is in prison over the collapse of the Terra stablecoin, could shape Sunday's election. Here's why.

Fortune

Jump's sleazy Terra deal is another black eye for crypto

A secret deal between the creator of the failed stablecoin Terra and a prominent trading firm is a bad look for the industry.

Fortune

Jump Trading made $1.28 billion by secretly propping up Terra a year before the algorithmic stablecoin collapsed, court filings show

Jump Trading reportedly profited $1.28 billion from the arrangement.

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