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The Latest Breaking News from Terraform Labs

Bitcoin fans latch on to ‘ridiculous’ Jane Street conspiracy to explain price slump

The secretive Wall Street trading firm appears to be the latest scapegoat for crypto believers seeking a villain.

Fortune · Feb 26

TerraUSD, Luna Founder Do Kwon, Who Caused the Epic $40B Crypto Crash in 2022, Jailed for 15 Years

Cryptocurrency King Do Kwon was sentenced to 15 years in prison after his TerraUSD stablecoin and Luna cryptocurrency crashed overnight in 2022, triggering a $40 billion market crash that wiped out investor money.

International Business Times UK · Dec 22, 2025

Crypto boss sentenced to 15 years over 'epic, generational scale' fraud that lost over 40 billion dollars

A so-called stablecoin collapsed back in 2022.

PC Gamer · Dec 12, 2025

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Crypto king Do Kwon jailed for 15 years over $40bn stablecoin fraud

The co-founder of cryptocurrency firm Terraform Labs was sentenced to 15 years in prison after a US court found that his $40bn stablecoin ecosystem was sustained by fraud.

Euronews · Dec 12, 2025

Crypto mogul Do Kwon sentenced to 15 years in prison for fraud

Co-founder of Singapore-based Terraform Labs given more jail time by US judge than prosecutors sought

The Guardian - UK · Dec 12, 2025

Crypto Fraudster Do Kwon Gets 15 Years for $40 Billion Terra/Luna Collapse That Triggered 2022 Crash

Terraform Labs co-founder Do Kwon sentenced to 15 years for orchestrating $40B Terra/Luna collapse. Judge said he committed "fraud on epic, generational scale."

International Business Times · Dec 12, 2025

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 · Aug 13, 2025

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Terraform Labs Founder Do Kwon Pleads Guilty To Fraud In $60B Terra/Luna Collapse

Terraform Labs founder Do Kwon has pleaded guilty to conspiracy to commit fraud and wire fraud, nearly three years after the $60 billion implosion of the Terra/Luna (CRYPTO: LUNC) stablecoin ecosystem.

Benzinga · Aug 12, 2025

Tougher Singapore Crypto Regulations Kick In

Singapore ramped up crypto exchange regulations Monday in a bid to curb money laundering and boost market confidence after a series of high-profile scandals rattled the sector.

International Business Times · Jun 30, 2025

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 · Jan 12, 2025

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 · Jan 2, 2025

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 · Jan 2, 2025

'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 · Jan 2, 2025

Montenegro extradites cryptocurrency mogul Do Kwon to the United States

Montenegro has extradited a South Korean mogul known as “the cryptocurrency king” to the United States

The Independent UK · Dec 31, 2024

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International Business Times · Dec 27, 2024

South Korean Crypto Mogul Do Kwan Will Be Extradited to the United States to Face Charges for $40 Billion Crypto Crash

Montenegro has approved the extradition of a South Korean crypto mogul behind the $40 billion Terraform Labs collapse.

The Independent UK · Dec 27, 2024

Montenegro approves the extradition of cryptocurrency mogul Do Kwon to the United States

Montenegro has approved the extradition of a South Korean mogul known as “the cryptocurrency king” to the United States

International Business Times · Dec 27, 2024

Montenegro To Extradite Crypto Entrepreneur Do Kwon To US

Montenegro announced on Friday that it would extradite South Korean cryptocurrency entrepreneur Do Kwon to the United States, following a year and a half of dizzying court rulings and subsequent reversals over his removal.

International Business Times · Oct 24, 2024

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

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International Business Times · Sep 20, 2024

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.

Montenegro Upholds Extradition Of 'Cryptocurrency King' To South Korea

Montenegrin court upholds extradition of 'cryptocurrency king' to South Korea, rejecting U.S. bid. Fraud charges and financial crimes linked to Terraform L...

The Independent UK · Aug 1, 2024

Montenegro court approves extradition of cryptocurrency mogul Do Kwon to native South Korea

A Montenegrin appeals court has upheld a ruling by a lower court to hand over a South Korean mogul known as “the cryptocurrency king” to his native country

Fortune · Jul 11, 2024

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.

International Business Times · Jun 13, 2024

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 · May 24, 2024

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.

Montenegro's Top Court Overturns Decision On 'Cryptocurrency King' Extradition

Montenegro's top court overturns extradition ruling for 'cryptocurrency king' Do Kwon, facing fraud charges in the U.S.

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