Terraform Labs

Do Kwon, co-founder of disgraced Terraform Labs, will face trial in a year’s time for his alleged role in the $40 billion criminal fraud case involving the collapse of Terra Classic (CRYPTO: LUNC) and sister stablecoin TerraUSD (USTC), according to a report on Wednesday. What Happened: U.S....

Terra Classic (CRYPTO: LUNC), the native token of the Terra ecosystem, rallied on New Year’s Day amid disgraced co-founder Do Kwon’s extradition from Montenegro to the U.S. Kwon, co-founder of Terraform Labs, has been extradited from Montenegro to the United States. Kwon is facing...

WAMCO’s Ken Leech Charged With Fraud For Allegedly ‘Cherry-Picking' Trades The Securities and Exchange Commission (SEC) on Monday announced fraud charges against Stephen Kenneth ("Ken") Leech, the former co-chief investment officer of Western Asset Management Company LLC or WAMCO, owned by...

The Securities and Exchange Commission or SEC has set a new record in financial penalties, with a significant portion resulting from a settlement with Terraform Labs. What Happened: The regulator has gathered $8.2 billion in monetary penalties for the fiscal year 2024, marking the highest amount in...

Liquidators for the defunct cryptocurrency hedge fund Three Arrows Capital are pursuing a claim of at least $1.3 billion against TerraForm Labs Pte., the bankrupt digital assets company co-founded by Do Kwon. The claim arises from significant losses Three Arrows suffered following the 2022...

Do Kwon, the disgraced co-founder of Terraform Labs, is set to be extradited from Montenegro to South Korea, as per a court ruling. The decision rejects a U.S. extradition request. What Happened: The Appellate Court of Montenegro upheld a previous decision by the High Court of Podgorica to hand...

The legal battle surrounding Do Kwon, co-founder of Terraform Labs, has taken another turn, with Montenegro’s Supreme Court having thrown a wrench into the extradition process, cancelling a lower court’s decision to send the beleaguered co-founder to South Korea. What Happened: The...

The ongoing trial involving Terraform Labs, the company behind the algorithmic stablecoin UST (CRYPTO: USTC), took a dramatic turn on Monday with the testimony of James Hunsaker, a former employee of Jump Trading. According to a series of social media posts by journalist Alexander Osipovich,...

Terraform Labs co-founder and former chief Do Hyeong Kwon’s legal defense team has requested an extension of their client's trial date. What Happened: “Mr. Kwon wishes to attend his trial” was the request that his legal defense team presented in the letter to a...

The U.S. Securities and Exchange Commission (SEC) is utilizing a recent victory in its case against Terraform Labs to bolster its ongoing legal battles with major cryptocurrency exchanges Binance (CRYPTO: BNB) and Coinbase Global Inc. (NASDAQ: COIN) In a legal document related to its lawsuit...

In a court ruling on Thursday, Dec. 28, a U.S. federal judge sided with the Securities and Exchange Commission (SEC) against Terraform Labs and its founder Do Kwon regarding the offering and sale of unregistered securities. The decision was handed down by U.S. District Judge Jed...

The detention of Terraform Labs co-founder Do Kwon in Montenegro has been extended for two more months, until Feb. 15, according to court spokeswoman Marija Rakovic. This decision by the High Court in Podgorica comes in response to requests from both the United States and South Korea, where...

Amidst the legal turmoil surrounding Terraform Labs and its founders, the cryptocurrency they created, Terra Classic (CRYPTO: LUNC) is blazing past Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH). What Happened: Terra Classic is up  25%, trading at $0.000099. BTC and ETH were down over 2%....

The High Court in Podgorica, Montenegro, approved the extradition of Do Kown, the co-founder and CEO of Terraform Labs (CRYPTO: LUNA), marking a pivotal moment in the ongoing legal proceedings against the crypto entrepreneur. The court's ruling came in response to a...

The situation surrounding Terraform Labs co-founder Do Kwon has garnered renewed attention. Recent reports have brought to light possible undisclosed interactions between Jump Crypto President Kanav Kariya and Kwon. In light of these developments, Kariya has exercised his Fifth Amendment rights...