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The Latest Breaking News from Terraform Labs

South Korea Approves Virtual Asset User Protection Act

Legislation aims to establish a legal framework for virtual assets and outlining penalties for unfair transactions.

Zenger

'A vision for how we can salvage this': Terraform Labs interim CEO says a new stablecoin isn't part of the plan to clean up Do Kwon's mess

The company infamously created a failed algorithmic stablecoin that destroyed tens of billions of dollars in value.

Fortune

Terra's Do Kwon sentenced to 4 months in a Balkan prison for document forgery

Do Kwon is also awaiting Montenegro's decision on whether to extradite him to the U.S. or South Korea.

Fortune

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read the most diverse news in one place.

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.

Fortune

Terra cofounder Do Kwon pays six-figure bail in Montenegro as South Korean and U.S. prosecutors seek extradition

Kwon was arrested in Montenegro for allegedly using a fake passport while trying to fly to Dubai.

Fortune

Montenegro court releases crypto entrepreneur Do Kwon on bail

A court in Montenegro agreed on Friday to release Do Kwon, a cryptocurrency entrepreneur charged in the U.S. with a multibillion-dollar fraud, on bail of 400,000 euros ($440,320), pending a trial on local charges.

Reuters

Disgraced Terra cofounder Do Kwon pleads not guilty after he's arrested in Montenegro holding 3 different passports

Montenegrin authorities stopped him at the airport in March with Costa Rican and Belgian travel documents.

Fortune

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S Korea indicts Terraform Labs co-founder, 9 others

SEOUL: South Korea indicted Terraform Labs co-founder Daniel Shin along with nine others on multiple charges including violations of capital markets law.

Bangkok Post

Terra cofounder Daniel Shin charged with fraud in South Korea as former CEO Do Kwon still detained in Montenegro

Shin’s cofounder, Do Kwon, was arrested last month after he was stopped at an airport with bogus documents.

Fortune

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

The Independent UK

S.Korea, US seeking extradition of crypto entrepreneur Do Kwon -Montenegro

South Korea and the U.S. are seeking the extradition of Do Kwon, an international fugitive accused of a multibillion-dollar fraud, and another suspect arrested in Montenegro last week, the Montenegrin Justice Minister Marko Kovac said on Wednesday.

Reuters

Fugitive 'cryptocurrency king' behind 2022's $40B crash arrested fleeing Montenegro with fake documents

Both the South Korean and US authorities want a word with Do Kwon.

PC Gamer

Crypto founder Do Kwon indicted in US after Montenegro arrest

Co-founder of Singapore-based Terraform Labs faces eight charges, including securities fraud and wire fraud.

Al Jazeera

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 Guardian - UK

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Fortune

Terra founder Do Kwon reportedly arrested in Montenegro

The crypto founder had been dodging authorities for months. Earlier reports placed him in neighboring Serbia.

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

Reuters

Crypto founder Do Kwon indicted in US following Montenegro arrest

Do Kwon, the cryptocurrency entrepreneur behind two digital currencies that lost an estimated $40 billion or more last year, has been charged with fraud by U.S. prosecutors.

Bangkok Post

Singapore police have begun probing crypto fugitive Do Kwon’s Terraform Labs

Singapore police said they have begun a probe linked to Terraform Labs Pte, the company co-founded by crypto fugitive Do Kwon.

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news in one place.

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Fortune

SEC adds more bodies to crypto enforcement unit as companies still await rule book from Gensler

The agency started 2023 with actions against Kraken, Paxos, and Terraform Labs.

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.

France 24

Airport strikes disrupt travel across Germany

Labor action at seven German airports is set to ground nearly 300,000 passengers Friday as unions call for higher pay amid decades-high inflation. Portugal is ending its "Golden Visa" program for real-estate investors as housing prices skyrocket, and US regulators charge crypto firm Terraform Labs and founder Do Kwan with…

Fortune

Crypto's very bad year yielded even worse falls from grace. Here's a list.

Some of the industry’s biggest names fell from historic highs historically quickly.

Fortune

Crypto Twitter ablaze after Binance says it's buying FTX

Once considered crypto’s white knight, Sam Bankman-Fried just conceded to his biggest competitor.

Benzinga

Terra Co-Founder Do Kwon Faces $57M Lawsuit From International Investors

A Singapore-based court is set to hear a lawsuit filed by over 350 international investors against the co-founder of embattled Terraform Labs Do Kwon.

Benzinga

Terra CEO Do Kwon Denies Reports Of Frozen Bitcoin

The beleaguered TerraForm Labs CEO Kwon Do-hyung, also known as Do Kwon, denied reports on Wednesday that South Korean prosecutors have frozen Bitcoin (CRYPTO: BTC) assets worth 56.2 billion won ($39.6 million) of

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