The Latest Breaking News from Terraform Labs

SEC Got Help From Whistleblowers To Build Fraud Case Against Do Kwon And Terraform Labs: Lawyers

During a hearing at a Manhattan court last Thursday, lawyers for Kwon said that unnamed whistleblowers, one of them from Jump Trading Group, had helped federal regulators in building their fraud case against the Terra co-founder.

International Business Times · Dec 4, 2023

Do Kwon Suffers Another Major Legal Defeat Amid Imminent Extradition From Montenegro

Aside from charges in the U.S. and in his home country, Kwon could be facing another class-action lawsuit in Singapore.

International Business Times · Dec 4, 2023

Terra Classic Soars 25% While Bitcoin, Ethereum Take A Backseat Amid Do Kwon’s Growing Legal Woes

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)

Zenger · Nov 29, 2023

'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 · Jul 19, 2023

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 · Jun 19, 2023

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 · May 15, 2023

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 · May 12, 2023

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 · May 12, 2023

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 · May 11, 2023

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 · Apr 26, 2023