CoinspeakerSouth Korean Prosecutors Find New Evidence against Do Kwon While Hyun-Sung has denied helping Kwon deceive investors, Kwon is still awaiting trial for the collapse of the blockchain, which instigated the 2022 crypto market winter. South Korean Prosecutors Find New Evidence against Do Kwon
Read More »Terraform Labs’ Do Kwon Challenges SEC’s $5.3 Billion Penalty
CoinspeakerTerraform Labs’ Do Kwon Challenges SEC’s $5.3 Billion Penalty Do Kwon's lawyers contend the court should not grant any injunctive relief or disgorgement and should impose at most a $1 million civil penalty against Terraform Labs. Terraform Labs’ Do Kwon Challenges SEC’s $5.3 Billion Penalty
Read More »Terraform Labs Trial Wraps with Jury Verdict, Faces Severe SEC Penalties and Sanctions
CoinspeakerTerraform Labs Trial Wraps with Jury Verdict, Faces Severe SEC Penalties and Sanctions Terraform Labs is set to deliver their final arguments in a civil fraud trial accused of defrauding investors with the TerraUSD stablecoin, which led to $40 billion in losses and wider crypto market havoc in 2022. Terraform Labs Trial Wraps with Jury Verdict, Faces Severe SEC Penalties and Sanctions
Read More »Terraform Labs Faces Trial in New York amid Civil Fraud Allegations Tied to TerraUSD Collapse
CoinspeakerTerraform Labs Faces Trial in New York amid Civil Fraud Allegations Tied to TerraUSD Collapse The Terraform trial holds significant implications for the crypto industry. A win for the SEC would solidify its authority to regulate cryptocurrencies deemed securities. Terraform Labs Faces Trial in New York amid Civil Fraud Allegations Tied to TerraUSD Collapse
Read More »Court Rejects Appeal to Dismiss Class Action Suit against Terraform Labs and Do Kwon
The class action was one of the many lawsuits brought against the company last year after the Terra-LUNA fiasco that wiped out billions of dollars as investors watched their funds vanish into thin air within a matter of days. A federal court in Singapore has denied an appeal to dismiss a class action suit filed against Terraform Labs, the brains behind the former Terra blockchain, and its disgraced co-founder Do Kwon on November 30. According to a Business Insider report, the duo filed a...
Read More »Terraform Labs Announces Acquisition of Cross-Chain Protocol Pulsar Finance
As part of the deal, Pulsar Finance’s flagship product Portfolio, will undergo integration into Terraform’s Station, a cross-chain wallet. Terra blockchain’s leading developer Terraform Labs announced the acquisition of the cross-chain portfolio management and analytics startup Pulsar Finance. This development arises as Terraform grapples with ongoing legal challenges arising from the demise of the algorithmic stablecoin TerraUSD in May of 2022. A notable legal conflict involves a lawsuit...
Read More »Terraform and Do Kwon Secure First Victory as Investors Drop Class-Action Lawsuit
Lawyers representing the investors submitted a notice of voluntary dismissal of the lawsuit against Terraform Labs and Do Kwon in the United States District Court for the Northern District of California. The class-action lawsuits against Terraform Labs and its co-founder Do Kwon alleging fraud, were abruptly withdrawn, leaving the reasons undisclosed. Terraform Labs, renowned for its Terra stablecoin, started operations in 2018. However, a sudden crash in May 2022 occurred when the Terra...
Read More »US SEC Could Dismiss Coinbase Motion Similar to Terraform Labs
CoinspeakerUS SEC Could Dismiss Coinbase Motion Similar to Terraform Labs The SEC's handling of the Green United case offers insights into its potential approach to Coinbase's motion to dismiss, emphasizing the significance of the "major questions doctrine" in cryptocurrency lawsuits. US SEC Could Dismiss Coinbase Motion Similar to Terraform Labs
Read More »Terraform Labs: Do Kwon Out, New CEO In
CoinspeakerTerraform Labs: Do Kwon Out, New CEO In However, some experts and analysts are skeptical about Terraform Labs' new efforts and its ability to regain the trust of the crypto community. Terraform Labs: Do Kwon Out, New CEO In
Read More »Terraform Labs Founder Do Kwon Found Guilty of Document Forgery and Sentenced to 4 Months in Jail
A court in Montenegro has found Do Kwon guilty of document forgery and has sentenced him to jail. Kwon will remain in custody longer pending the country’s response to an extradition request. CEO and co-founder of Terraform Labs Do Kwon has been found guilty of document forgery and sentenced to a four-month jail term. Kwon was convicted and sentenced by a Basic Court in Podgorica, the capital of Montenegro. Authorities in Montenegro arrested Do Kwon back in March for carrying fake...
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