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The Latest Breaking News from Terraform

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

South Korean Crypto Mogul Do Kwon Pleads Not Guilty in U.S. Court

The trial of Do Hyeong Kwon, co-founder of Terraform Labs, is everywhere. Kwon is facing accusations related to the failure of his company's cryptocurrency. His case could set a standard for how crypto should be regulated.

inkl

Extradited SKorean Crypto 'Genius' In Court To Face US Charges

The South Korean co-founder of Terraform Labs appeared in a New York court on Thursday to face fraud charges stemming from the multi-billion-dollar collapse of his cryptocurrency company.

International Business Times

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Crypto mogul Do Kwon pleads not guilty in first US court appearance

South Korean cryptocurrency mogul Do Kwon has pleaded not guilty to a freshly unsealed indictment released in time for his first U.S. court appearance

The Independent UK

'Lunatic' crypto fugitive Do Kwon finally extradited from Montenegro to the US to face charges over $40 billion crash

The fugitive had been hiding out in Montenegro since 2022.

PC Gamer

Is Terra Luna's Do Kwon Going to South Korea or United States For Extradition Case

The legal troubles of Do Kwon, Terraform Labs' co-founder, are spiraling. As his extradition nears completion, the case's outcome might have far-reaching

International Business Times

Terraform Labs Gets Green Light To Wind Down After SEC Settlement: Report

Terraform Labs' plan to wind down has reportedly been approved, some two years after the Terra ecosystem collapsed, allegedly wiping out $40 billion in investor funds.

International Business Times

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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

Ripple Blasts 'Disproportionate' SEC Case Fine, Cites Terraform Labs Settlement

Ripple argued that the fine the SEC seeks against it is "disproportionate," given the recent settlement with Terraform Labs, which was found to have been intentional in orchestrating a securities fraud.

International Business Times

The SEC hits crypto firm with $4.5 billion penalty—but no one is going to pay it

A billion dollar settlement between the SEC and TerraForm labs means headlines but no real help for victims of the scam.

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

Montenegro Court Rejects Extradition Order For Crypto Tycoon

A Montenegro appeals court on Friday reversed an order to extradite cryptocurrency entrepreneur Do Kwon to South Korea -- where he is wanted over the multi-billion-dollar collapse of the Terraform Labs company.

International Business Times

Terraform Labs' Do Kwon Goes From Prison To Shelter, Lawyer Decries 'Illegal' Transfer

Disgraced crypto magnate Do Kwon was released from Montenegrin detention, but he was reportedly transferred to a foreigners' center, a move that his attorney called "illegal."

International Business Times

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

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International Business Times

Terraform Slams 'Government Overreach' In SEC's Bid To Push Out Dentons From Case

Terraform on Tuesday has called out the SEC's bid to get Dentons out of its case against the blockchain firm, saying the regulator was using an "unprincipled strategy."

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

Terraform Labs Says Bankruptcy Filing 'Critical' In Its SEC Lawsuit Appeal

Terraform Labs, the blockchain firm behind the TerraUSD (UST), said Tuesday that its Chapter 11 bankruptcy filing would also help keep the Terra network's operations rolling.

Fortune

Coinbase is playing a ‘dangerous game’ against the SEC with its stablecoin USDC

By offering a yield to investors, the leading crypto exchange could be putting its prized stablecoin at risk.

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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.

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.

The Independent UK

Montenegro: South Korea, US seek extradition of Do Kwon

Montenegro says both South Korea and the United States have formally requested extradition of Terraform Labs founder Do Kwon, who is wanted in connection with a $40 billion crash of the firm’s cryptocurrency that devastated retail investors around the world

Bangkok Post

South Korea to seek extradition of crypto fugitive Do Kwon

South Korea will seek the extradition of fugitive crypto entrepreneur Do Kwon, prosecutors told AFP Friday, after the Terraform founder was arrested in Montenegro and hit with US fraud charges.

The Guardian - UK

Man suspected of being crypto fugitive Do Kwon arrested in Montenegro

South Korean CEO of Terraform Labs is accused of multi-billion-dollar fraud involving TerraUSD and Luna currencies

The Independent UK

Police: Crypto firm founder Do Kwon arrested in Montenegro

Police in Montenegro say they have arrested Terraform Labs founder Do Kwon, who is wanted in South Korea in connection with a $40 billion crash of the firm’s cryptocurrency

Fortune

Jump Trading revealed as 'third party' in SEC claim against Do Kwon and Terraform Labs

The SEC filed a complaint against Terraform Labs and CEO Do Kwon for allegedly misleading investors.

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