The Latest Breaking News from Terraform Labs

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

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.

The co-founder of the failed Terra cryptocurrency, which collapsed and wiped out about $40 billion of investors' money in May, has admitted he was "wrong", but said that he was not talking to South Korean investigators. The dramatic disintegration of stablecoin TerraUSD and its sister token Luna -- which both…

Do Kwon, founder of Terraform Labs, recently spoke with cryptocurrency media company Coinage in Singapore — his first media interview since the collapse of Terra Luna earlier this summer. Here's what he discussed:

Singapore intends to broaden the scope of cryptocurrency regulations and pushed back against claims that some recently collapsed digital-asset outfits were regulated in the city state.

Anonymous, the infamous hacker collective, has pledged to join the investigation into Do Kwon now being undertaken by governments to hold the Terra (CRYPTO: LUNA) founder accountable for his actions.

South Korean prosecutors have not identified the people under the month-long travel ban

South Korea has banned current and former employees of Terraform Labs from leaving the country, suggesting prosecutors are stepping up their investigation into the TerraUSD stablecoin’s collapse.

1. Ban on payment for order flow