Terraform Labs' Do Kwon Pleads Not Guilty to Fraud on
15 hours ago · Kwon's Terraform Labs developed the Luna cryptocurrency and stablecoin TerraUSD, which capitulated in 2022, losing an estimated $40 billion. ... Jamie joined CoinDesk as a news reporter in ...
Terraform co-founder Do Kwon appears before US judge, pleads …
1 day ago · Terraform Labs previously settled a lawsuit with the US Securities and Exchange Commission in June 2024 — agreeing to pay the agency $4.47 billion, which included $204 million in penalties for ...
NYC News: Crypto mogul Do Kwon pleads not guilty in …
1 day ago · Authorities say investors worldwide were harmed by the $40 billion crash of Terraform Labs’ cryptocurrency. The May 2022 collapse came despite the company’s claim that TerraUSD was a ...
Ex-crypto exec Do Kwon faces US criminal fraud charges over …
1 day ago · Federal prosecutors in Manhattan in March 2023 charged Kwon, who co-founded Terraform Labs and developed the TerraUSD and Luna currencies, with two counts each of securities fraud, wire fraud ...
Do Kwon Pleads Not Guilty to US Charges Over Terra Collapse
1 day ago · Terraform Labs Pte. co-founder Do Kwon pleaded not guilty to US fraud charges tied to the $40 billion collapse of the TerraUSD stablecoin. Kwon, 33, entered his plea Thursday before a US ...
Terraform Labs to dissolve following US$4.47 billion settlement
Jun 13, 2024 · The US$4.47 billion settlement agreement with the SEC announced Wednesday requires Kwon Do-hyung, former CEO of Terraform Labs, to pay US$204 million to the bankruptcy estate. The settlement...
Terraform Labs to end operations, Terra community will take over
Jun 13, 2024 · Terraform Labs is shutting down following a $4.47 billion SEC settlement, transferring Terra’s control to the community and highlighting the impact on the crypto market.
Cryptocurrency firm Terraform Labs files for bankruptcy in US - BBC
Jan 22, 2024 · The bankruptcy documents, filed in Baltimore, list Terraform as having between $100m and $500m in assets. They also say Do Kwon owns 92% of the shares of the company, with his co-founder Daniel...
Terraform Labs approved for bankruptcy wind-down after US SEC …
Sep 19, 2024 · (Reuters) - Terraform Labs received court approval on Thursday to wind down its operations in bankruptcy after agreeing to settle a U.S. Securities and Exchange Commission lawsuit accusing the...
Terraform Labs to shut down after $4.5B SEC settlement: Law …
Jun 17, 2024 · Terraform Labs has agreed to pay the United States Securities and Exchange Commission (SEC) roughly $4.47 billion as part of its settlement with the securities regulator. The duo settled after...